UniSuper Management Pty Ltd Boosts Stock Position in Tesla, Inc. $TSLA

UniSuper Management Pty Ltd grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 72.2% during the 4th quarter, HoldingsChannel reports. The fund owned 505,330 shares of the electric vehicle producer’s stock after buying an additional 211,915 shares during the period. Tesla comprises 1.4% of UniSuper Management Pty Ltd’s portfolio, making the stock its 13th biggest holding. UniSuper Management Pty Ltd’s holdings in Tesla were worth $227,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. lifted its position in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the third quarter worth $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about 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.

Insiders Place Their Bets

In related news, 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. This represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $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. In the last three months, insiders sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Tuesday, April 21st. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Wednesday. Canaccord Genuity Group increased their price objective on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Thursday. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research report on Monday, June 1st. Twenty-two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $404.37.

Tesla Stock Up 4.6%

TSLA opened at $399.15 on Friday. The stock has a market cap of $1.50 trillion, a PE ratio of 366.19, a P/E/G ratio of 15.29 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The business’s fifty day simple moving average is $397.84 and its 200 day simple moving average is $416.08.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current fiscal 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.