Tesla, Inc. $TSLA is Caitong International Asset Management Co. Ltd’s Largest Position

Caitong International Asset Management Co. Ltd grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 151.8% during the fourth quarter, HoldingsChannel reports. The firm owned 79,497 shares of the electric vehicle producer’s stock after purchasing an additional 47,928 shares during the quarter. Tesla accounts for approximately 8.7% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its biggest position. Caitong International Asset Management Co. Ltd’s holdings in Tesla were worth $35,751,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Networth Advisors LLC bought a new position in Tesla in the fourth quarter worth $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% in the fourth 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. Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in Tesla during the 3rd quarter valued at approximately $31,000. 66.20% of the stock is owned by institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts remained constructive on Tesla’s longer-term growth story, with one Seeking Alpha piece upgrading the stock and arguing that two previously speculative “moonshots” are becoming medium-term catalysts. Tesla: 2 Moonshots Have Now Become Medium-Term Catalysts (Rating Upgrade)
• Positive Sentiment: Tesla announced expansion plans in Germany, including higher production at Gigafactory Berlin, which supports the narrative that demand is improving in Europe. Tesla Expands Production In Germany, As VW Cuts 100,000 Jobs
• Positive Sentiment: Tesla also benefited from headlines around its energy business, including a major 16-gigawatt power partnership with Sunrun and Renew Home that could strengthen Tesla Energy’s growth profile. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Neutral Sentiment: Elon Musk’s teaser about a highly advanced next-generation Roadster and other futuristic ambitions may support the long-term story, but it is not an immediate fundamental catalyst. Elon Musk Teases Flying Tesla Roadster With Crazy Tech
• Negative Sentiment: Tesla is facing renewed federal scrutiny after a fatal Model 3 crash, including an NHTSA probe and a separate NTSB investigation, which raises fresh concerns about Full Self-Driving safety. Tesla Under Fresh Scrutiny After Model 3 Crashes Into Home, Killing Woman
• Negative Sentiment: Tesla also settled a lawsuit tied to a fatal Full Self-Driving crash while federal investigations continue, reinforcing investor worries about legal liability and autonomy risk. Tesla settles FSD crash lawsuit as federal investigations continue
• Negative Sentiment: Several market commentaries argued that Tesla remains expensive relative to its current fundamentals, with valuation skepticism and underperformance concerns weighing on sentiment. Tesla Stock Is Having a Bad Week and an Even Worse Month

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. 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. Over the last 90 days, insiders have sold 32,015 shares of company stock valued at $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $379.71 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 348.36, a P/E/G ratio of 15.18 and a beta of 1.80. The firm’s 50 day moving average is $405.62 and its 200 day moving average is $412.99.

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, beating 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 business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSLA. UBS Group reaffirmed a “neutral” rating on shares of Tesla in a research report on Tuesday, June 23rd. Wedbush reiterated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. President Capital increased 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. Erste Group Bank raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a report on Friday, April 24th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $403.07.

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.