Tesla, Inc. $TSLA Position Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3,831.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 456,834 shares of the electric vehicle producer’s stock after acquiring an additional 445,213 shares during the quarter. Tesla makes up about 0.7% of Rakuten Investment Management Inc.’s portfolio, making the stock its 14th biggest holding. Rakuten Investment Management Inc.’s holdings in Tesla were worth $209,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. PFS Partners LLC increased its holdings in shares of Tesla by 4.2% in the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 24 shares in the last quarter. Journey Advisory Group LLC boosted its stake in shares of Tesla by 0.7% during the 3rd quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock worth $1,518,000 after acquiring an additional 25 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Tesla by 1.2% during the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after acquiring an additional 25 shares in the last quarter. Woodmont Investment Counsel LLC grew its holdings in shares of Tesla by 1.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after acquiring an additional 25 shares during the last quarter. Finally, Aspect Partners LLC raised its position in shares of Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock worth $101,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 57,824 shares of company stock valued at $21,657,588. Insiders own 19.90% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s blockbuster IPO has intensified talk that Elon Musk could eventually combine Tesla and SpaceX, with some bullish commentators arguing the two companies’ AI, robotics, and data ambitions could be more valuable together. That speculation has helped support TSLA shares. Forget Robotaxis, Wall Street’s Finally Asking the Real Tesla Question
• Positive Sentiment: Piper Sandler reportedly said Tesla has “cracked” the self-driving challenge, reinforcing the longer-term bull case around Full Self-Driving, robotaxis, and Optimus.
• Neutral Sentiment: Goldman Sachs maintained a Hold rating and a $375 price target, noting that stronger global deliveries offset U.S. softness, which suggests the stock may still have support but not a clear catalyst from this note alone. Tesla Rated Hold as Global Delivery Strength Offsets U.S. Softness; $375 Price Target Reiterated
• Neutral Sentiment: Several market roundups and “stocks to watch” pieces kept Tesla in the spotlight, but they did not add a major new fundamental driver.
• Negative Sentiment: Reuters reported that European regulators in Sweden and the Netherlands said Tesla presented misleading Full Self-Driving safety data while seeking approval in Europe, increasing the risk of regulatory backlash around a key growth product. Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
• Negative Sentiment: Tesla also faced headlines about FSD scrutiny from Europe, which could slow adoption and raise approval hurdles for its autonomous-driving plans.

Tesla Trading Up 1.2%

NASDAQ:TSLA opened at $411.15 on Tuesday. The stock has a market cap of $1.54 trillion, a PE ratio of 377.20, a price-to-earnings-growth ratio of 16.25 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. 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’s 50-day moving average is $399.36 and its two-hundred day moving average is $415.94.

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

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Canaccord Genuity Group upped their price objective on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Bank of America started coverage on shares of Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target on the stock. Finally, Tigress Financial started coverage on shares of Tesla in a research report on Monday, April 27th. They issued a “buy” rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.37.

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.