Van Cleef Asset Management Inc Invests $1.28 Million in Tesla, Inc. $TSLA

Key Points

• Van Cleef Asset Management opened a new Tesla position in the fourth quarter, buying 2,836 shares valued at about $1.28 million.
• Several large institutional investors also increased their Tesla holdings, and the article notes that 66.2% of Tesla stock is owned by institutions and hedge funds.
• Despite continued investor interest, Tesla saw notable insider selling, including sales by CFO Vaibhav Taneja and director Kathleen Wilson-Thompson, while analysts currently have a Hold consensus and a price target of $395.20.

Van Cleef Asset Management Inc purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,836 shares of the electric vehicle producer's stock, valued at approximately $1,275,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the period. State Street Corp lifted its stake in shares of Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer's stock worth $50,592,614,000 after acquiring an additional 344,162 shares during the period. Capital World Investors lifted its stake in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares during the period. Jennison Associates LLC lifted its stake in shares of Tesla by 38.3% in the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock worth $4,851,747,000 after acquiring an additional 3,021,550 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Tesla by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer's stock worth $2,996,118,000 after acquiring an additional 368,493 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business'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 sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 83,213 shares of company stock worth $32,201,105 in the last 90 days. 19.90% of the stock is owned by company insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s disclosed stake in SpaceX is drawing fresh investor interest as SpaceX’s planned IPO could indirectly highlight Tesla’s exposure to Elon Musk’s broader private-company ecosystem and improve the market’s view of Tesla’s AI and autonomy story. Did Tesla's SpaceX Stake And China FSD Rollout Just Reframe TSLA's AI And Autonomy Story?
• Positive Sentiment: Reports that retail investors may be able to access the upcoming SpaceX IPO through platforms such as Robinhood, E-TRADE, and SoFi are adding to the buzz around Musk-linked assets, which can spill over into Tesla sentiment. Tesla Investor Shares How Retail Investors Can Participate In Blockbuster SpaceX IPO Via Robinhood, Sofi
• Positive Sentiment: Coverage around Tesla’s Full Self-Driving rollout in China and broader AI/autonomy progress is reinforcing the thesis that Tesla remains a key long-term beneficiary of self-driving and robotics adoption. Weekend Round-Up: Tesla's FSD In China, Nvidia's Uber Partnership, Boeing's 737 Max Case Victory And More
• Neutral Sentiment: Several market roundups continue to list Tesla among stocks to watch or near buy points, suggesting investors still see momentum, but these are mostly broad market commentary rather than company-specific catalysts. Dow Jones Futures: Trump Says Iran Deal Announcement 'Shortly' With Hormuz 'Opened'; Tesla, AI Stocks Near Buy Points
• Negative Sentiment: Ford’s renewed push into Europe highlights intensifying competition in EVs, which could pressure Tesla’s growth narrative in overseas markets. Ford Takes Aim At Tesla And BYD In Europe With New Electric Hatchback, SUV Roadmap
• Negative Sentiment: Commentary on Tesla robotaxi issues in Texas keeps execution risk in focus, reminding investors that autonomy remains promising but not yet fully proven commercially. Tesla Robotaxi Problems in Texas: What Could It Mean for TSLA Stock?

Tesla Price Performance

TSLA stock opened at $426.01 on Monday. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83. The firm has a market cap of $1.60 trillion, a PE ratio of 390.83, a P/E/G ratio of 16.82 and a beta of 1.79. The firm has a 50 day simple moving average of $387.76 and a 200 day simple moving average of $416.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

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. 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 analyst estimates of $22.96 billion. During the same period in the prior year, the business earned $0.27 earnings per share. The business's quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSLA. President Capital upped their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Wedbush reaffirmed an "outperform" rating and issued a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Friday, April 24th. Benchmark reissued a "buy" rating on shares of Tesla in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group increased their target price on shares of Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Nineteen 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. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $395.20.

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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