Genus Capital Management Inc. Sells 4,500 Shares of Tesla, Inc. $TSLA

Genus Capital Management Inc. lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 52.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,030 shares of the electric vehicle producer’s stock after selling 4,500 shares during the quarter. Genus Capital Management Inc.’s holdings in Tesla were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Networth Advisors LLC bought a new position in Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC bought a new position in Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. increased its holdings in 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 buying an additional 27 shares during the period. Prism Advisors Inc. bought a new stake in Tesla in the 4th quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the 3rd quarter worth about $30,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated 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 sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction 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 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 83,213 shares of company stock worth $32,201,105. 19.90% of the stock is owned by insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Tesla Price Performance

TSLA opened at $426.01 on Monday. The firm’s 50-day simple moving average is $387.76 and its 200-day simple moving average is $416.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 390.83, a PEG ratio of 16.82 and a beta of 1.79.

Tesla (NASDAQ:TSLA) last posted 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 for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSLA. UBS Group lifted their target price on shares of Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating and set a $510.00 target price on shares of Tesla in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Jefferies Financial Group reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Finally, Canaccord Genuity Group lifted their target price on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $395.20.

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.