Tesla, Inc. $TSLA Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,491,144 shares of the electric vehicle producer’s stock after buying an additional 23,381 shares during the period. TD Asset Management Inc’s holdings in Tesla were worth $670,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its holdings in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after buying an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after buying an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Tesla by 8.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after buying an additional 3,935 shares in the last quarter. Calamos Wealth Management LLC increased its holdings in shares of Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after buying an additional 2,341 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of Tesla by 26.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after buying an additional 3,724 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on TSLA. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday. Bank of America assumed coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 target price on the stock. Mizuho reduced their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Roth Mkm reissued a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Finally, Phillip Securities reduced their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Wednesday, May 13th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $395.20.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’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 completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 57,482 shares of company stock worth $21,508,331 over the last ninety days. 19.90% of the stock is currently owned by company insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose nearly 40% in May, suggesting a firmer recovery in a key market. Reuters article
• Positive Sentiment: Tesla expanded its unsupervised robotaxi service area in Austin, supporting the autonomy growth narrative. Reuters article
• Positive Sentiment: FSD Supervised reportedly gained approval in Estonia, extending Tesla’s driver-assistance rollout in Europe. Zacks article
• Neutral Sentiment: SpaceX’s IPO and talk of a possible Tesla-SpaceX link are drawing attention to Elon Musk’s broader empire, but this is still speculative for TSLA. CNBC article
• Negative Sentiment: Tesla settled some racism claims in California, while a larger jury trial still looms as a legal overhang. TipRanks article
• Negative Sentiment: New FSD-related litigation in China and intensifying robotics competition raise concerns about Tesla’s valuation and growth story. Yahoo Finance article

Tesla Trading Down 0.0%

NASDAQ TSLA opened at $423.70 on Thursday. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. 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 has a market capitalization of $1.59 trillion, a PE ratio of 388.72, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80. The firm’s fifty day simple moving average is $394.52 and its 200-day simple moving average is $416.14.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the business posted $0.27 earnings per share. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal 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.