Tobam Acquires 1,508 Shares of Tesla, Inc. $TSLA

Tobam increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 212.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,218 shares of the electric vehicle producer’s stock after purchasing an additional 1,508 shares during the period. Tobam’s holdings in Tesla were worth $997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Clearwave Capital LLC bought a new position in Tesla during the fourth quarter worth $715,000. Wick Capital Partners LLC boosted its holdings in Tesla by 8.1% in the 4th quarter. Wick Capital Partners LLC now owns 4,369 shares of the electric vehicle producer’s stock valued at $1,965,000 after purchasing an additional 328 shares during the period. Instrumental Wealth LLC grew its position in Tesla by 2.6% in the 4th quarter. Instrumental Wealth LLC now owns 1,658 shares of the electric vehicle producer’s stock worth $746,000 after purchasing an additional 42 shares during the last quarter. Mishpacha Holdings Corp bought a new position in shares of Tesla during the 4th quarter worth about $5,264,000. Finally, Anchor Investment Management LLC raised its position in shares of Tesla by 6.2% during the fourth quarter. Anchor Investment Management LLC now owns 9,521 shares of the electric vehicle producer’s stock valued at $4,282,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Tesla in a research report on Friday, June 5th. They set a “buy” rating on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. President Capital lifted their price objective on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citigroup restated a “neutral” rating on shares of Tesla in a research report on Tuesday. Finally, Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $404.37.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk exercised stock options that lifted his Tesla ownership to 19.9%, reinforcing alignment with shareholders and signaling confidence in the company’s long-term strategy.
• Positive Sentiment: ARK Invest, led by Cathie Wood, bought more Tesla shares, adding to a broader bullish narrative around TSLA as an AI and autonomous-driving leader. Article Title
• Positive Sentiment: Analysts and commentary continue to frame Tesla as more than an EV maker, highlighting its AI, robotaxi, and robotics ambitions, which supports the stock’s premium valuation.
• Neutral Sentiment: Tesla received approval for supervised FSD in Denmark, a modest positive for its European rollout, but the approval is still limited and does not remove broader regulatory hurdles.
• Negative Sentiment: Reuters reported that Sweden may push back against Tesla’s supervised self-driving rollout in Europe unless speed-limit behavior is changed, creating a potential roadblock for FSD expansion. Article Title
• Negative Sentiment: Additional reports flagged “fresh FSD roadblock” concerns in Europe, keeping investor focus on regulatory risk rather than near-term software monetization.

Tesla Price Performance

Shares of TSLA opened at $400.49 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $403.33 and a two-hundred day moving average price of $415.26. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 367.42, a P/E/G ratio of 16.01 and a beta of 1.80. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83.

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

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Tesla 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. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,824 shares of company stock worth $21,657,588 over the last quarter. Company insiders own 19.90% of the company’s stock.

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.