Tesla, Inc. $TSLA Shares Acquired by DNB Asset Management AS

Key Points

• DNB Asset Management AS increased its Tesla stake by 2.6% in the fourth quarter, buying 20,651 additional shares and bringing its total holding to 828,629 shares worth about $372.7 million.
• Tesla reported quarterly earnings of $0.41 per share, topping analyst expectations, but revenue came in below estimates at $22.39 billion even as sales rose 15.8% year over year.
• The stock has drawn mixed Wall Street views, with analysts split between buy, hold, and sell ratings and an average target price of $395.20, while Tesla shares were down 4.8% and trading around $422.24.

DNB Asset Management AS lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 828,629 shares of the electric vehicle producer's stock after acquiring an additional 20,651 shares during the quarter. Tesla accounts for approximately 1.3% of DNB Asset Management AS's portfolio, making the stock its 12th largest holding. DNB Asset Management AS's holdings in Tesla were worth $372,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Richard Young Associates Ltd. acquired a new position in shares of Tesla during the fourth quarter worth about $1,346,000. Lockheed Martin Investment Management Co. grew its position in Tesla by 73.8% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 139,900 shares of the electric vehicle producer's stock worth $62,916,000 after buying an additional 59,400 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in Tesla by 6.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 29,869 shares of the electric vehicle producer's stock worth $13,433,000 after buying an additional 1,725 shares during the period. HFM Investment Advisors LLC grew its position in Tesla by 10.4% during the fourth quarter. HFM Investment Advisors LLC now owns 830 shares of the electric vehicle producer's stock worth $373,000 after buying an additional 78 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Tesla by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 89,782 shares of the electric vehicle producer's stock worth $40,377,000 after buying an additional 345 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 4.8%

Shares of NASDAQ TSLA opened at $422.24 on Friday. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83. The company has a market capitalization of $1.59 trillion, a PE ratio of 387.38, a price-to-earnings-growth ratio of 17.48 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm's 50-day moving average is $386.41 and its two-hundred day moving average is $418.28.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on TSLA. Piper Sandler restated an "overweight" rating on shares of Tesla in a research report on Thursday, January 29th. JPMorgan Chase & Co. restated a "sell" rating on shares of Tesla in a research report on Wednesday, April 22nd. President Capital upped their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research report on Thursday, January 29th. Finally, HSBC began coverage on shares of Tesla in a research report on Monday, April 27th. They set a "buy" rating on the stock. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $395.20.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for 'gobsmacking' slow progress in class action lawsuit

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,213 shares of company stock worth $32,201,105 in the last three months. Insiders own 19.90% of the company's stock.

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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