Thrivent Financial for Lutherans Boosts Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Thrivent Financial for Lutherans increased its Tesla stake by 4.4% in the fourth quarter, buying 58,347 shares and bringing its total holding to 1,382,518 shares worth about $621.96 million.
• Several other institutional investors also boosted their positions in Tesla, and 66.2% of the stock is now owned by institutions, underscoring continued large-investor interest.
• Wall Street sentiment remains mixed: Tesla has a Hold consensus rating with an average target price of $395.20, even as analysts split between bullish and bearish calls and Tesla trades on lofty valuation metrics.

Thrivent Financial for Lutherans lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,382,518 shares of the electric vehicle producer's stock after buying an additional 58,347 shares during the quarter. Tesla makes up 1.1% of Thrivent Financial for Lutherans' portfolio, making the stock its 10th biggest position. Thrivent Financial for Lutherans' holdings in Tesla were worth $621,959,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its holdings in shares of Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after acquiring an additional 5,039 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after acquiring an additional 7,446 shares during the period. Calamos Wealth Management LLC increased its holdings in shares of Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after acquiring an additional 2,341 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in shares of Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after acquiring an additional 3,935 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after acquiring an additional 3,724 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received fresh momentum from reports that it was authorized to test supervised self-driving software in Belgium, reinforcing the bullish case for its autonomy roadmap. Reuters: Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: Investor optimism also improved after Tesla-related articles highlighted stronger China FSD hopes, a new easy-loan incentive for Chinese buyers, and broader enthusiasm around the robotaxi and Optimus narratives. TipRanks: Tesla Gives Chinese EV Drivers an ‘Easy Loan’ Incentive
• Positive Sentiment: Tesla’s Berlin expansion plan and a KBRA preliminary rating on its sustainable energy ABS deal support the view that the company is still investing in manufacturing and energy financing growth. Zacks: Can Tesla's $250M Berlin Expansion Strengthen Its EV Lead?
• Neutral Sentiment: UBS raised its price target to $364 but kept a Neutral rating, while Barclays reiterated Neutral and Phillip Securities kept a Sell rating, signaling mixed Wall Street views rather than a clear catalyst. MarketScreener: UBS raises Tesla price target
• Neutral Sentiment: Media coverage around Elon Musk’s China trip, Trump’s delegation, and comparisons with rivals like Ford and BYD added noise, but the biggest investor takeaway is still Tesla’s AI/autonomy upside versus execution risk. Invezz: Why Tesla stock is jittery as Elon Musk visits Beijing
• Negative Sentiment: On the bearish side, Tesla faced fresh skepticism from analysts and bearish commentary about valuation, plus criticism that rivals are advancing on certain AI and EV features, which could cap upside if execution slows. TipRanks: Tesla AI Falters Against Rivian

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a report on Monday, April 27th. Mizuho decreased their target price on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a research report on Thursday, April 23rd. China Renaissance lowered their target price on shares of Tesla from $382.00 to $372.00 and set a "hold" rating on the stock in a research note on Monday, April 27th. Cantor Fitzgerald reissued an "overweight" rating and set a $510.00 target price on shares of Tesla in a research note on Wednesday, April 22nd. Finally, Phillip Securities lowered their target price on shares of Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $395.20.

Tesla Stock Down 0.4%

Tesla stock opened at $443.30 on Friday. The stock has a market cap of $1.66 trillion, a price-to-earnings ratio of 406.70, a PEG ratio of 17.56 and a beta of 1.79. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company's 50-day moving average price is $386.08 and its two-hundred day moving average price is $418.25. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83.

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

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred 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 transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,213 shares of company stock worth $30,851,105 in the last ninety days. Corporate insiders own 19.90% of the company's stock.

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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