Simplify Asset Management Inc. decreased its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 13.6% in the first quarter, Holdings Channel reports. The fund owned 11,094 shares of the electric vehicle producer’s stock after selling 1,749 shares during the quarter. Simplify Asset Management Inc.’s holdings in Tesla were worth $4,124,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Networth Advisors LLC bought a new position in Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $26,000. Davidson Capital Management Inc. boosted its stake 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 purchasing an additional 27 shares during the period. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the period. Finally, Prism Advisors Inc. bought a new position in Tesla during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Thursday, June 11th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Finally, UBS Group restated a “neutral” rating on shares of Tesla in a report on Tuesday, June 23rd. Twenty-one research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $403.92.
Tesla Price Performance
Tesla stock opened at $393.45 on Friday. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 360.96, a price-to-earnings-growth ratio of 15.61 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83. The firm has a 50-day moving average of $407.39 and a two-hundred day moving average of $411.79.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, research analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 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 sale was disclosed in a document filed 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 2,606 shares of the firm’s 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 transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was 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. Insiders sold 32,015 shares of company stock valued at $12,383,640 in the last quarter. 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’s Q2 deliveries beat estimates by a wide margin, signaling stronger-than-expected demand and a rebound in the company’s auto business. Tesla Second Quarter 2026 Production, Deliveries & Deployments
- Positive Sentiment: Tesla launched the six-seat, long-wheelbase Model Y L in the U.S., a new variant aimed at boosting sales and expanding its lineup beyond the standard SUV. Tesla launches six-seater Model Y L in US to boost sales
- Positive Sentiment: Tesla expanded its robotaxi service to Miami, reinforcing the market’s long-term autonomy and AI growth narrative. Tesla rolls out robotaxi service in Miami
- Neutral Sentiment: Analysts remain split: some raised earnings estimates or price targets after the delivery beat, but several still view the stock as fairly valued given Tesla’s high multiple and margin risk. Tesla Stock Price Forecast — What Financial Analysts Expect After Q2 Deliveries
- Negative Sentiment: Despite the delivery beat, the stock has been pressured by “sell-the-news” behavior as investors focus on profitability, competition, and whether growth can hold up after recent gains. Tesla Reports Strong Deliveries, Yet Investors Remain Unimpressed
- Negative Sentiment: Safety headlines remain a drag, including a fatal Tesla Semi crash and a Texas manslaughter case tied to Autopilot-related driving, which can keep regulatory and reputational risk in focus. Tesla driver charged with manslaughter over crash into Texas home
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.
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