Bank of New York Mellon Corp Has $6.76 Billion Stake in Tesla, Inc. $TSLA

Bank of New York Mellon Corp lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,031,161 shares of the electric vehicle producer’s stock after selling 226,412 shares during the period. Tesla accounts for about 1.2% of Bank of New York Mellon Corp’s portfolio, making the stock its 11th biggest holding. Bank of New York Mellon Corp’s holdings in Tesla were worth $6,759,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Tesla during the 4th quarter worth approximately $17,128,100,000. Vanguard Group Inc. lifted its holdings in shares of Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. Holocene Advisors LP grew its stake in shares of Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after purchasing an additional 3,505,000 shares during the last quarter. Capital World Investors increased its holdings in Tesla by 5.8% in 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 during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Tesla during the 4th quarter worth $748,084,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of Tesla stock opened at $423.74 on Wednesday. The business has a 50-day simple moving average of $392.55 and a 200 day simple moving average of $416.03. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83. 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 has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 388.75, a PEG ratio of 16.42 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted 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 business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the firm posted $0.27 EPS. Tesla’s revenue was up 15.8% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 39.4% in May, extending six straight months of growth and signaling resilience despite intense competition from Chinese automakers. Reuters: Tesla’s Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: Tesla also saw a sharp rebound in several European markets, including a major jump in France registrations and stronger Model Y demand, which supports hopes for a Q2 delivery beat. Reuters: Tesla May registrations jump in several European markets
• Positive Sentiment: Investor optimism improved after Elon Musk highlighted how small Tesla’s IPO valuation was relative to today’s market cap, reinforcing the company’s long-term growth narrative and helping the shares bounce. Yahoo Finance: Tesla’s IPO Was One of the Greatest Ever
• Positive Sentiment: Reports that Estonia cleared Tesla’s FSD driver-assistance system for use could modestly bolster confidence in Tesla’s autonomy roadmap and international acceptance of its software. Insider Monkey: Estonia clears Tesla’s FSD system for use
• Neutral Sentiment: Heavy trading around Tesla’s rumored ties to SpaceX, including speculation about a merger or IPO-related “Musk premium,” is driving volatility but remains highly speculative and not directly tied to Tesla’s fundamentals. Benzinga: What Happens To TSLA If It Merges With SpaceX?
• Neutral Sentiment: News that Tesla withdrew a termination notice on its graphite supply deal with Syrah Resources reduces supply-chain uncertainty, but the issue appears to be settling rather than creating a major new catalyst. Reuters: Tesla withdraws termination notice on graphite supply deal
• Negative Sentiment: Tesla faces rising competition in humanoid robotics and AI, with OpenAI and Nvidia both moving into areas that overlap with Tesla’s Optimus ambitions, raising concern about future growth optionality. Benzinga: Nvidia is taking on Tesla in the humanoid robot race
• Negative Sentiment: Articles warning that a potential SpaceX-Tesla combination could be value-destructive are adding pressure by suggesting the market may be overestimating the “Musk premium” embedded in TSLA. TipRanks: Potential SpaceX and Tesla merger blasted as value destroying
• Negative Sentiment: New concerns about Tesla’s robotaxi program and litigation risk, including scrutiny under Texas legislation and a China FSD lawsuit, could weigh on sentiment around autonomy monetization. Yahoo Finance: Tesla faces China FSD lawsuit

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was 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 approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company’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 approximately $18,300,145.89. The trade was 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 57,482 shares of company stock valued at $21,508,331 over the last three months. 19.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TSLA shares. BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating in a research report on Monday, April 27th. Benchmark reissued a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Canaccord Genuity Group raised their price target on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Tigress Financial initiated coverage on shares of Tesla in a research report on Monday, April 27th. They issued a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $395.20.

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.