Hodges Capital Management Inc. Has $16.51 Million Position in Tesla, Inc. $TSLA

Hodges Capital Management Inc. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,721 shares of the electric vehicle producer’s stock after selling 3,207 shares during the period. Tesla accounts for about 1.4% of Hodges Capital Management Inc.’s portfolio, making the stock its 18th largest position. Hodges Capital Management Inc.’s holdings in Tesla were worth $16,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TSLA. Vanguard Group Inc. raised its holdings in 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 buying an additional 6,538,720 shares during the last quarter. State Street Corp raised its holdings in Tesla by 0.3% during the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after buying an additional 375,946 shares during the last quarter. Capital World Investors raised its holdings in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the last quarter. Finally, Norges Bank acquired a new position in Tesla during the fourth quarter worth $17,128,100,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $381.59 on Thursday. Tesla, Inc. has a 1 year low of $288.77 and a 1 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 cap of $1.43 trillion, a price-to-earnings ratio of 350.08, a PEG ratio of 15.83 and a beta of 1.80. The company has a fifty day moving average price of $397.29 and a 200-day moving average price of $416.02.

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, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $145.00 to $475.00 in a report on Friday, June 5th. Benchmark restated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Finally, Roth Mkm restated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Twenty-two investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $404.37.

Insider Activity

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 stock in a transaction dated 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 transaction, 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. In the last 90 days, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by company insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts at Piper Sandler and JPMorgan turned more bullish on Tesla, citing stronger-than-expected potential in autonomy, robotics, energy storage, and “physical AI,” with some raising price targets sharply. Article Title
• Positive Sentiment: Multiple reports said Tesla’s Full Self-Driving narrative is gaining credibility, including Dutch safety data showing far fewer crashes and news that Belgium approved FSD software use. Article Title
• Positive Sentiment: Tesla also received support from reports of continued robotaxi rollout in Austin and renewed optimism around Optimus and other AI-driven projects, reinforcing the view that the stock’s upside may come more from software and autonomy than car sales alone. Article Title
• Positive Sentiment: Tesla’s China sales reportedly rebounded in May, with retail deliveries up 22.5% year over year and exports from Shanghai improving, easing some demand concerns. Article Title
• Neutral Sentiment: There was also chatter around a possible SpaceX IPO and broader Elon Musk ecosystem speculation, which has boosted sentiment at times but remains largely a narrative-driven factor rather than a direct Tesla operating update. Article Title
• Neutral Sentiment: Tesla CFO Vaibhav Taneja sold shares to cover tax withholding on vested awards, which is routine insider activity and not necessarily a negative fundamental signal. Article Title
• Negative Sentiment: Broader market weakness tied to Middle East tensions, inflation worries, and a tech selloff pressured Tesla along with other high-multiple growth stocks. Article Title
• Negative Sentiment: Competition remains intense, with BYD accelerating charger and product investments and Rivian launching lower-priced EVs, keeping pressure on Tesla’s pricing and market share outlook. Article Title
• Negative Sentiment: Investors also remain cautious about Tesla’s premium valuation and repeated headlines around Musk’s SpaceX plans and merger speculation, which can distract from near-term execution and add volatility. Article Title

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.