Concentric Capital Strategies LP Decreases Stake in Tesla, Inc. $TSLA

Concentric Capital Strategies LP reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,180 shares of the electric vehicle producer’s stock after selling 5,237 shares during the quarter. Concentric Capital Strategies LP’s holdings in Tesla were worth $7,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contour Asset Management LLC purchased a new stake in shares of Tesla during the 4th quarter valued at $38,510,000. Core Wealth Partners LLC grew its position in Tesla by 7.2% during the fourth quarter. Core Wealth Partners LLC now owns 6,436 shares of the electric vehicle producer’s stock valued at $2,894,000 after buying an additional 432 shares during the period. Asset One Wealth Management LLC purchased a new stake in Tesla during the fourth quarter worth about $3,122,000. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Tesla by 20.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 252,005 shares of the electric vehicle producer’s stock worth $113,961,000 after acquiring an additional 42,806 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in Tesla by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 54,133 shares of the electric vehicle producer’s stock valued at $24,345,000 after acquiring an additional 2,527 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. HSBC reissued a “hold” rating on shares of Tesla in a research report on Monday. Robert W. Baird cut their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. China Renaissance decreased their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $404.37.

Tesla Stock Down 2.0%

Shares of NASDAQ TSLA opened at $396.38 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $401.11 and a 200-day moving average of $415.57. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 363.65, a PEG ratio of 16.17 and a beta of 1.80. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its 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. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Goldman Sachs raised its Q2 delivery outlook for Tesla, suggesting second-quarter vehicle deliveries could come in stronger than expected. Goldman Sachs Raises Tesla Delivery Forecast as Second-Quarter Performance Appears Stronger Than Expected (TSLA)
• Positive Sentiment: Comments from a Texas DOT official and other coverage continue to support Tesla’s robotaxi/Cybercab story, reinforcing investor hopes that autonomy could become a major future growth driver. Elon Musk’s Robotaxi Goals Get A Boost As Texas DOT Official Hails Tesla Cybercab
• Positive Sentiment: New chip and AI commentary, including Tesla’s AI5 tape-out and broader “physical AI” bullishness, is feeding the long-term thesis that Tesla can evolve beyond auto sales into an AI/robotics platform. Tesla’s AI5 Chip Recently Completed Tape-Out. Here’s Why This Could Be the Most Important Development in the Company’s Transition From Automaker to AI Giant.
• Neutral Sentiment: Ongoing speculation about a Tesla-SpaceX merger is drawing attention and adding optionality to the stock, but it remains unconfirmed and could face regulatory hurdles if it ever became real. Musk’s Next Move May Be a Mega-Merger of SpaceX and Tesla
• Neutral Sentiment: Tesla’s expansion into Argentina and charging/energy-storage collaboration news is constructive for long-term global infrastructure growth, but it is not likely to move shares much on its own. Argentina’s YPF, Tesla to explore EV charging, energy storage collaboration
• Negative Sentiment: Shares are under pressure from renewed scrutiny of Tesla’s Full Self-Driving safety data, with U.S. senators asking regulators to review whether Tesla’s crash statistics are misleading or incomplete. US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report
• Negative Sentiment: Multiple articles say Tesla is slipping because investors remain unconvinced that upbeat delivery estimates alone can offset valuation concerns, competitive pressure, and caution around the autonomy narrative. Tesla stock slips below $400: why upbeat EV sales estimates are not helping
• Negative Sentiment: Bearish commentary from analysts and media also highlights concerns that Tesla’s robotaxi progress is still limited versus competitors, adding to valuation skepticism. Tesla Has Only 69 Robotaxis In Texas — But They Are Cheap

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s 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 completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s 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 transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 57,824 shares of company stock worth $21,657,588. Company insiders own 19.90% of the company’s stock.

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.