Tesla, Inc. $TSLA Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 111.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,740 shares of the electric vehicle producer’s stock after buying an additional 50,945 shares during the period. Gabelli Funds LLC’s holdings in Tesla were worth $43,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sapient Capital LLC increased its holdings in Tesla by 7.4% in the fourth quarter. Sapient Capital LLC now owns 19,263 shares of the electric vehicle producer’s stock valued at $8,754,000 after buying an additional 1,322 shares during the last quarter. Passumpsic Savings Bank bought a new stake in Tesla in the fourth quarter valued at about $1,261,000. Chase Investment Counsel Corp bought a new stake in Tesla in the fourth quarter valued at about $570,000. North Dakota State Investment Board bought a new stake in Tesla in the fourth quarter valued at about $43,387,000. Finally, Elyxium Wealth LLC increased its holdings in Tesla by 5.8% in the fourth quarter. Elyxium Wealth LLC now owns 8,217 shares of the electric vehicle producer’s stock valued at $3,695,000 after buying an additional 449 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

NASDAQ:TSLA opened at $422.24 on Monday. 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 stock has a 50 day moving average of $386.41 and a 200-day moving average of $418.04. The firm has a market capitalization of $1.59 trillion, a PE ratio of 387.38, a price-to-earnings-growth ratio of 16.67 and a beta of 1.79. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Analysts predict that Tesla, Inc. will post 1.2 EPS for the current year.

More Tesla News

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Phillip Securities lowered their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. UBS Group upped their target price on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. President Capital upped their target price on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. 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’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $395.20.

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s 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 approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 83,213 shares of company stock valued at $32,201,105. 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.