Tesla, Inc. $TSLA Stock Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 78.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,937,856 shares of the electric vehicle producer’s stock after buying an additional 1,728,481 shares during the period. Tesla makes up 2.2% of Assenagon Asset Management S.A.’s portfolio, making the stock its 6th biggest holding. Assenagon Asset Management S.A.’s holdings in Tesla were worth $1,463,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Networth Advisors LLC purchased a new position in Tesla in the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. increased its position in shares of 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 acquiring an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the third quarter worth $30,000. Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $375.12 on Friday. 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 1 year low of $288.77 and a 1 year high of $498.83. The firm’s 50-day simple moving average is $405.86 and its 200-day simple moving average is $413.41. The firm has a market cap of $1.41 trillion, a PE ratio of 344.15, a price-to-earnings-growth ratio of 15.01 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly 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. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was 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 quarter, insiders sold 57,824 shares of company stock valued at $21,657,588. Insiders own 19.90% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced a major energy partnership with Sunrun and Renew Home to aggregate more than 16 gigawatts of flexible residential power capacity, positioning Tesla’s battery and software ecosystem as a potential solution for AI data-center power needs. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Positive Sentiment: The Trump administration proposed easing federal AV rules by allowing vehicles designed for automated driving to skip brake pedals, which could help Tesla’s robotaxi and FSD ambitions if adopted. Trump admin proposes axing brake pedal requirement for AVs in a boost for Tesla
• Positive Sentiment: Reports also said Giga Berlin is preparing to raise weekly output to 7,500 vehicles in October, signaling improving demand and production momentum in Europe. TSLA Stock Dips — Tesla Gears Up To Ramp European Production To 7,500 Vehicles Per Week Amid FSD Push
• Neutral Sentiment: Several commentary pieces argued that Tesla’s energy division and robotics strategy could become important long-term growth engines, but these views are speculative and do not change near-term fundamentals. Down 14%, Is Tesla a Good Buy Now?
• Neutral Sentiment: JPMorgan reiterated a neutral stance, underscoring that some analysts remain cautious even with Tesla’s autonomy and energy optionality. Tesla: JP Morgan Gives a Neutral Rating
• Negative Sentiment: Tesla is facing a wrongful-death lawsuit tied to a fatal Texas crash involving Autopilot/FSD, and the NTSB has opened a probe, increasing legal and reputational risk around its driver-assistance systems. Tesla sued over fatal Texas crash linked to Autopilot
• Negative Sentiment: Tesla has also been hit by broader skepticism over its valuation and execution, with one analysis arguing the stock would need an unrealistically high return on assets to justify its price. Tesla Stock Data

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. China Renaissance lowered their price target on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research report on Wednesday, June 10th. Tigress Financial initiated coverage on Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a report on Friday, June 12th. Twenty-one investment 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 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.