Tesla, Inc. $TSLA Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 892,972 shares of the electric vehicle producer’s stock after purchasing an additional 16,083 shares during the quarter. Tesla makes up 1.6% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 9th biggest holding. Resona Asset Management Co. Ltd.’s holdings in Tesla were worth $329,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crestwood Advisors Group LLC boosted its position in shares of Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC increased its position in Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. lifted its stake in Tesla by 139.3% in the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the last quarter. Wealthquest Corp purchased a new stake in Tesla in the fourth quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock valued at $28,998,000 after acquiring an additional 16,652 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their position. 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 have sold 32,015 shares of company stock valued at $12,383,640 over the last three months. 19.90% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

Shares of TSLA opened at $394.11 on Thursday. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 361.57, a P/E/G ratio of 14.81 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 1 year low of $293.55 and a 1 year high of $498.83. The company’s fifty day moving average is $409.15 and its two-hundred day moving average is $409.76.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. On average, sell-side analysts predict that Tesla, Inc. will post 1.29 earnings per share for the current year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. Tigress Financial began coverage on shares of Tesla in a research report on Monday, April 27th. They set a “buy” rating on the stock. Guggenheim began coverage on shares of Tesla in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. Mizuho decreased their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on Tesla from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $408.52.

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.