HITE Hedge Asset Management LLC Invests $2.01 Million in Tesla, Inc. $TSLA

HITE Hedge Asset Management LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel reports. The fund acquired 4,479 shares of the electric vehicle producer’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Networth Advisors LLC bought a new position in shares of Tesla during the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. lifted its holdings in shares of Tesla by 79.4% during the 4th 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 during the period. Prism Advisors Inc. bought a new position in shares of Tesla during the 4th quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in Tesla during the 3rd quarter valued at about $30,000. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 1.8%

Shares of NASDAQ TSLA opened at $406.43 on Friday. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The company has a market cap of $1.53 trillion, a PE ratio of 372.87, a P/E/G ratio of 15.96 and a beta of 1.80. 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 company has a 50-day moving average of $398.35 and a two-hundred day moving average of $416.01.

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 analysts’ consensus estimates 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 the consensus estimate of $22.96 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of several analyst reports. UBS Group lifted their price target on shares of Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. BTIG Research downgraded shares of Tesla to a “neutral” rating in a report on Friday, June 5th. President Capital lifted their price target on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group lifted their price target on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Thursday. Twenty-two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $404.37.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% 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 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 business’s stock in a transaction dated Thursday, April 30th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 57,824 shares of company stock valued at $21,657,588. Insiders own 19.90% of the company’s stock.

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.