Tesla, Inc. $TSLA Shares Bought by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,716 shares of the electric vehicle producer’s stock after purchasing an additional 2,965 shares during the quarter. Tesla accounts for 1.4% of ICICI Prudential Asset Management Co Ltd’s portfolio, making the stock its 10th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Tesla were worth $11,565,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSLA. PFS Partners LLC grew its stake in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 24 shares during the period. Presidio Capital Management LLC grew its stake in Tesla by 0.6% during the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after purchasing an additional 25 shares during the period. Journey Advisory Group LLC grew its stake in Tesla by 0.7% during the third quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock worth $1,518,000 after purchasing an additional 25 shares during the period. Boltwood Capital Management grew its stake in Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after purchasing an additional 25 shares during the period. Finally, Woodmont Investment Counsel LLC grew its stake in Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Tuesday, April 21st. Finally, TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Tesla in a research note on Thursday, June 4th. Twenty-two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $404.37.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm’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 in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company’s stock, valued at $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 57,824 shares of company stock worth $21,657,588 in the last 90 days. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Up 4.6%

Shares of NASDAQ:TSLA opened at $399.15 on Friday. The business’s 50 day simple moving average is $397.84 and its two-hundred day simple moving average is $416.08. The firm has a market cap of $1.50 trillion, a P/E ratio of 366.19, a PEG ratio of 15.29 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla secured approval to expand Full Self-Driving in Belgium, adding momentum to its European autonomy rollout and supporting the long-term software revenue story.
• Positive Sentiment: Coverage of Tesla’s Austin robotaxi rollout and improving analyst views on autonomy are strengthening the bull case for future AI-driven growth.
• Positive Sentiment: SpaceX IPO excitement may be reducing some of the recent selling pressure on TSLA as investors reassess Musk-related capital rotation.
• Neutral Sentiment: Analyst commentary remains split on valuation, with bulls focused on autonomy and robotics while bears argue Tesla still looks expensive versus current earnings.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja’s recent share sale was disclosed as tax withholding tied to equity awards, which is typically a routine insider transaction.
• Negative Sentiment: Some articles noted that TSLA remains volatile as traders weigh whether SpaceX hype is distracting from Tesla’s core EV business and execution.

Tesla 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.