Janus Henderson Group PLC Reduces Stock Position in Tesla, Inc. $TSLA

Janus Henderson Group PLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the first quarter, Holdings Channel.com reports. The fund owned 863,377 shares of the electric vehicle producer’s stock after selling 12,108 shares during the period. Janus Henderson Group PLC’s holdings in Tesla were worth $320,962,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at $17,128,100,000. Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after buying an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. boosted its position in shares of Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after buying an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla produced its 10 millionth electric vehicle, a milestone that reinforces the company’s manufacturing scale and long-term position in the EV market. Tesla made its 10 millionth EV
• Positive Sentiment: Global EV sales accelerated in the second quarter, particularly in countries affected by higher gasoline prices. Tesla could benefit from stronger international demand alongside BYD. Tesla and BYD Ride Global EV Boom
• Positive Sentiment: Reports highlighting the safety performance of Tesla’s supervised Full Self-Driving system in Europe support the company’s autonomy strategy, although regulatory and commercial hurdles remain. Tesla’s European Full Self-Driving Supervised
• Positive Sentiment: ARK Invest’s Cathie Wood reportedly bought approximately $53.5 million of Tesla shares after the selloff, signaling continued confidence in robotaxis, Optimus and AI-related growth. Cathie Wood Bought Tesla Stock

Tesla Price Performance

Tesla stock opened at $308.85 on Friday. The stock has a market capitalization of $1.22 trillion, a P/E ratio of 285.97, a P/E/G ratio of 14.80 and a beta of 1.80. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The firm’s 50-day moving average is $392.23 and its two-hundred day moving average is $398.52.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Equities analysts predict that Tesla, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Guggenheim started coverage on shares of Tesla in a report on Monday, June 29th. They set a “neutral” rating for the company. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. BTIG Research cut shares of Tesla to a “neutral” rating in a research note on Friday, June 5th. Citizens Jmp initiated coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $402.24.

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.