BI Asset Management Fondsmaeglerselskab A S Sells 12,914 Shares of Tesla, Inc. $TSLA

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 240,118 shares of the electric vehicle producer’s stock after selling 12,914 shares during the period. Tesla comprises approximately 0.9% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 16th largest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in Tesla were worth $107,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter valued at about $26,000. Networth Advisors LLC bought a new stake in shares of Tesla in the 4th quarter valued at about $26,000. Davidson Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the 3rd quarter valued at about $30,000. Finally, Prism Advisors Inc. bought a new stake in shares of Tesla in the 4th quarter valued at about $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA opened at $391.00 on Friday. 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 firm has a fifty day moving average price of $395.33 and a 200 day moving average price of $416.06. Tesla, Inc. has a 1 year low of $281.85 and a 1 year high of $498.83. The stock has a market cap of $1.47 trillion, a P/E ratio of 358.72, a P/E/G ratio of 16.52 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the previous year, the business posted $0.27 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
• Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
• Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
• Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
• Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Tesla in a report on Thursday. Truist Financial reduced their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Canaccord Genuity Group boosted their price target on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BTIG Research lowered shares of Tesla to a “neutral” rating in a report on Friday. Finally, DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target for the company in a report on Friday, April 24th. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $404.37.

Insider Buying and Selling at Tesla

In other Tesla 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 transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, 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 is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 55,218 shares of company stock valued at $20,609,455. Company insiders own 19.90% of the company’s stock.

About Tesla

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.