Tesla, Inc. $TSLA Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,466,810 shares of the electric vehicle producer’s stock after selling 61,034 shares during the quarter. Tesla makes up about 1.5% of State of Wisconsin Investment Board’s investment portfolio, making the stock its 11th largest position. State of Wisconsin Investment Board’s holdings in Tesla were worth $659,654,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Networth Advisors LLC purchased a new stake in shares of Tesla in the 4th quarter valued at $26,000. Davidson Capital Management Inc. boosted its holdings in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Tesla during the third quarter worth $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s AI5 chip completed tape-out, reinforcing the company’s push toward AI and advanced autonomy, which bulls see as a key long-term growth driver. 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.
• Positive Sentiment: Goldman Sachs raised its Q2 delivery forecast, saying Tesla’s second-quarter deliveries appear to be tracking ahead of consensus, which could support the stock if confirmed in the upcoming delivery report. Tesla Q2 deliveries “likely tracking ahead of consensus”: Goldman
• Positive Sentiment: Speculation around a Tesla-SpaceX combination continues to fuel investor enthusiasm, with some analysts arguing the newly public SpaceX could make a future merger more plausible. Could a Tesla-SpaceX Merger Be Closer Than Investors Think?
• Neutral Sentiment: Texas transportation officials publicly backed Tesla’s Cybercab/robotaxi ambitions, which helps the company’s autonomy narrative even as Tesla’s robotaxi fleet has reportedly shrunk. Elon Musk’s Robotaxi Goals Get A Boost As Texas DOT Official Hails Tesla Cybercab
• Neutral Sentiment: Analysts at JPMorgan and Goldman kept Tesla under review with mixed views on valuation, suggesting the market remains divided on how much upside is already priced in. What Led JPMorgan to Revisit Its Tesla Inc (TSLA) Stock Rating?
• Negative Sentiment: Two U.S. senators asked regulators to review Tesla’s FSD crash statistics, calling the data “misleading and incomplete,” which raises reputational and regulatory risk for the autonomy business. US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report
• Negative Sentiment: Reports that Tesla may have used exaggerated or misleading FSD safety numbers in Europe are adding pressure on the stock and could slow regulatory approvals. Dutch transportation minister defends Tesla FSD approval
• Negative Sentiment: Bearish commentary continues to frame the recent robotaxi excitement as a “stock pump,” underscoring skepticism that the current narrative is supported by fundamentals. Wall Street analyst says Tesla ‘Robotaxi’ just a ‘stock pump’

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Phillip Securities lowered their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. China Renaissance lowered their price target on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Thursday, June 11th. Finally, Tigress Financial assumed coverage on shares of Tesla in a report on Monday, April 27th. They set a “buy” rating on the stock. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $404.37.

Tesla Stock Performance

TSLA opened at $404.66 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 371.25, a PEG ratio of 16.44 and a beta of 1.80. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The firm’s fifty day simple moving average is $400.24 and its two-hundred day simple moving average is $415.78.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) 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 business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is currently owned by corporate insiders.

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.