Tesla, Inc. $TSLA Stock Position Reduced by Genus Capital Management Inc.

Key Points

• Genus Capital Management cut its Tesla stake by 52.8% in the fourth quarter, selling 4,500 shares and leaving it with 4,030 shares worth about $1.81 million.
• Insider selling has also been notable: CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson both sold shares, with insiders selling $32.2 million of Tesla stock over the past 90 days.
• Despite mixed sentiment and concerns such as a Model Y recall and valuation questions, analysts still see major upside tied to FSD, AI, and robotics; Tesla’s consensus rating remains Hold with a $395.20 target price.

Genus Capital Management Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 52.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,030 shares of the electric vehicle producer's stock after selling 4,500 shares during the period. Genus Capital Management Inc.'s holdings in Tesla were worth $1,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Vanguard Group Inc. grew its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Holocene Advisors LP grew its position in Tesla by 132.2% during the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock valued at $2,738,141,000 after purchasing an additional 3,505,000 shares in the last quarter. Jennison Associates LLC grew its position in Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares in the last quarter. Capital World Investors grew its position in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock valued at $19,583,547,000 after purchasing an additional 2,403,019 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Tesla during the fourth quarter valued at approximately $748,084,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company's stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,213 shares of company stock valued at $32,201,105 over the last 90 days. 19.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TSLA shares. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research note on Thursday, January 29th. DZ Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating and set a $385.00 target price for the company in a research note on Friday, April 24th. Mizuho reduced their target price on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 target price on shares of Tesla in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus target price of $395.20.

Tesla Price Performance

Shares of Tesla stock opened at $426.01 on Monday. The firm has a fifty day simple moving average of $387.76 and a 200-day simple moving average of $416.55. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The stock has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 390.83, a PEG ratio of 16.82 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the previous year, the company earned $0.27 earnings per share. Tesla's revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current year.

About Tesla

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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