Tesla, Inc. $TSLA Shares Bought by USS Investment Management Ltd

USS Investment Management Ltd raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 459,625 shares of the electric vehicle producer’s stock after acquiring an additional 14,190 shares during the period. Tesla makes up approximately 1.0% of USS Investment Management Ltd’s investment portfolio, making the stock its 19th largest position. USS Investment Management Ltd’s holdings in Tesla were worth $206,670,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSLA. Norges Bank acquired a new stake in Tesla in the 4th quarter valued at about $17,128,100,000. Cardano Risk Management B.V. raised its holdings in 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 valued at $3,688,630,000 after acquiring an additional 7,367,507 shares during the last quarter. Vanguard Group Inc. raised its holdings 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. Holocene Advisors LP raised its holdings in Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock valued at $2,738,141,000 after acquiring an additional 3,505,000 shares during the last quarter. Finally, Capital World Investors raised its holdings in Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after acquiring an additional 2,403,019 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 1.2%

Tesla stock opened at $411.15 on Tuesday. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm has a 50 day moving average price of $399.36 and a 200 day moving average price of $415.94. The company has a market capitalization of $1.54 trillion, a PE ratio of 377.20, a price-to-earnings-growth ratio of 16.25 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its 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. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,824 shares of company stock valued at $21,657,588 in the last quarter. 19.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. President Capital increased their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. BNP Paribas Exane downgraded shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Tesla in a report on Thursday, June 4th. Finally, BTIG Research downgraded shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Twenty-one research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $404.37.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s strong debut and rising attention on Musk’s empire have lifted sentiment around Tesla, with some investors viewing TSLA as a beneficiary of growing interest in a potential Tesla-SpaceX combination. Article Title
• Positive Sentiment: Wall Street discussion about Tesla’s AI-driven valuation, including robotaxi and Optimus upside, is keeping bullish expectations alive despite a high valuation. Article Title
• Neutral Sentiment: Rivian’s CEO said his company plans to release Tesla FSD-like self-driving tech later this year, underscoring continued competition in autonomous driving. Article Title
• Negative Sentiment: Reuters reported that Tesla gave European regulators safety data for Full Self-Driving that Swedish and Dutch authorities viewed as misleading, raising the risk of scrutiny or delays for FSD approval in Europe. Article Title
• Negative Sentiment: Additional reports about European regulators questioning Tesla’s FSD data could increase concerns about regulatory hurdles for one of Tesla’s key AI/autonomy growth drivers. Article Title

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.