Varma Mutual Pension Insurance Co Increases Stake in Tesla, Inc. $TSLA

Varma Mutual Pension Insurance Co raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 392,123 shares of the electric vehicle producer’s stock after acquiring an additional 39,900 shares during the quarter. Tesla comprises approximately 1.1% of Varma Mutual Pension Insurance Co’s portfolio, making the stock its 14th biggest holding. Varma Mutual Pension Insurance Co’s holdings in Tesla were worth $174,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla in the second quarter valued at about $26,000. LGT Financial Advisors LLC bought a new stake in shares of Tesla during the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the third quarter worth $29,000. CoreFirst Bank & Trust bought a new position in shares of Tesla during the second quarter worth $30,000. Finally, ESL Trust Services LLC grew its stake in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Chinese regulator steps to curb cutthroat EV price wars in China, which should reduce aggressive discounting and help stabilize Tesla’s China pricing and margins. Tesla Stock (TSLA) Rises as Chinese Watchdog Moves to Tame Cutthroat Price War
• Positive Sentiment: Tencent Cloud partnership to add WeChat-linked in-car features, OTA updates and China-specific services — improves local product experience and deepens ties with a major Chinese tech partner (and investor). Tencent, Tesla team up on WeChat-linked in-car features in China
• Positive Sentiment: Company appoints its Europe head to run global sales — centralizing sales leadership could improve go-to-market execution and inventory/pricing discipline across regions. Tesla names Europe executive to head global sales, Bloomberg News reports
• Positive Sentiment: Analyst attention on Tesla’s solar & energy TAM (Morgan Stanley coverage) highlights a large long-term growth opportunity beyond autos, supporting investor interest in non-vehicle revenue upside. Tesla (TSLA) draws fresh attention as Morgan Stanley highlights solar opportunity
• Neutral Sentiment: MarketBeat technical take: Tesla has staged a bounce from known support and momentum indicators look constructive, but valuation and a broken uptrend make any rally fragile — implies higher short-term volatility. Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile
• Negative Sentiment: Prominent investor Gary Black publicly rejects Elon Musk’s reported “discount-first” communications strategy — investor pushback on margin-dilutive tactics raises concern about pricing strategy and management messaging. Gary Black rejects Elon Musk-led Tesla’s discount-first communications strategy: ‘I don’t think…’
• Negative Sentiment: Executive turnover continues: VP Raj Jegannathan and other senior departures (AI/infosec and sales leadership moves) raise execution risk for ambitious AI/robotics initiatives (Optimus/robotaxi) and sales operations. Tesla VP Raj Jegannathan departs after 13 years with Elon Musk’s EV giant

Wall Street Analysts Forecast Growth

Several research firms have commented on TSLA. China Renaissance increased their price objective on shares of Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft cut their price target on Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, January 30th. CICC Research upped their price objective on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $403.92.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Up 0.7%

Shares of NASDAQ:TSLA opened at $428.26 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The business has a 50 day simple moving average of $445.74 and a two-hundred day simple moving average of $413.37. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The firm has a market capitalization of $1.61 trillion, a PE ratio of 396.54, a price-to-earnings-growth ratio of 14.24 and a beta of 1.86.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.Tesla’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

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.