USS Investment Management Ltd Grows Stock Holdings in Tesla, Inc. $TSLA

USS Investment Management Ltd increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,864 shares of the electric vehicle producer’s stock after purchasing an additional 7,239 shares during the period. Tesla accounts for approximately 0.7% of USS Investment Management Ltd’s portfolio, making the stock its 21st largest position. USS Investment Management Ltd’s holdings in Tesla were worth $173,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Tcfg Wealth Management LLC lifted its holdings in Tesla by 10.9% during the 1st quarter. Tcfg Wealth Management LLC now owns 2,304 shares of the electric vehicle producer’s stock worth $855,000 after buying an additional 227 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Tesla by 4.1% in the 1st quarter. IFM Investors Pty Ltd now owns 583,146 shares of the electric vehicle producer’s stock valued at $216,785,000 after acquiring an additional 22,762 shares during the last quarter. Rexford Capital Inc. raised its position in shares of Tesla by 513.6% during the 1st quarter. Rexford Capital Inc. now owns 135 shares of the electric vehicle producer’s stock worth $50,000 after acquiring an additional 113 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its stake in Tesla by 8.0% during the first quarter. American Institute for Advanced Investment Management LLP now owns 1,117 shares of the electric vehicle producer’s stock worth $415,000 after purchasing an additional 83 shares during the last quarter. Finally, Wealth Care LLC acquired a new position in Tesla in the first quarter valued at approximately $686,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on TSLA shares. Truist Financial cut their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. BTIG Research downgraded shares of Tesla to a “neutral” rating in a research report on Friday, June 5th. Robert W. Baird cut their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Mizuho reduced their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, China Renaissance decreased their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $403.07.

Tesla Stock Up 1.1%

Shares of NASDAQ:TSLA opened at $425.30 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The stock has a market cap of $1.60 trillion, a P/E ratio of 390.18, a P/E/G ratio of 16.72 and a beta of 1.80. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The firm has a fifty day moving average price of $407.13 and a 200 day moving average price of $412.38.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share 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 business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 1.2 EPS for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 company’s stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is owned by company insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began rolling out a long-awaited FSD v14 Lite update, seen as meaningful progress for its autonomy thesis and a positive proof point for the company’s software-led growth narrative. Tesla Stock Surges 15% as FSD Update Backs Its Autonomy Thesis
• Positive Sentiment: Investors are positioning ahead of Tesla’s Q2 delivery release, with analysts expecting a rebound and stronger overseas demand, especially in Europe, supporting expectations for a solid print. Tesla Q2 Deliveries Due Later This Week. Stock Gains On Newest FSD Update.
• Positive Sentiment: European registrations climbed in June, reinforcing the view that international demand is offsetting weakness in the U.S. market and could help Tesla beat delivery expectations. Tesla European registrations climb in June
• Neutral Sentiment: Retail-trader enthusiasm remains high, with Tesla’s price crossing a “meme” level that could attract more speculative buying, but this is more of a trading catalyst than a fundamental change. Tesla (TSLA) Retail Traders May Get Fired Up as Stock Crosses $420
• Negative Sentiment: Michael Burry disclosed new short positions against Tesla, adding a high-profile bearish headline that reinforces concerns about valuation and execution risk. ‘Big Short’ Investor Michael Burry Reveals Tesla, Nvidia Shorts, Says Chip Boom Is ‘Beginning of the End’
• Negative Sentiment: California’s new EV incentives appear to favor Tesla rivals like Rivian and Lucid, potentially pressuring Tesla’s U.S. demand outlook at the margin. California vs. Elon Musk: Tesla Snubbed as New EV Incentives Boost Rivian, Lucid
• Negative Sentiment: BYD’s continued recovery and expanding global sales raise competitive pressure, reviving concerns that Tesla could lose ground in the global EV race. Tesla Stock (TSLA) Falls as Archrival BYD Extends Sales Recovery

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.