iA Global Asset Management Inc. Buys 56,832 Shares of Tesla, Inc. $TSLA

iA Global Asset Management Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 259,838 shares of the electric vehicle producer’s stock after purchasing an additional 56,832 shares during the quarter. Tesla accounts for about 1.5% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 14th biggest position. iA Global Asset Management Inc.’s holdings in Tesla were worth $116,854,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Networth Advisors LLC bought a new stake in Tesla in the fourth quarter valued at about $26,000. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC bought a new stake in Tesla in the third quarter valued at about $29,000. Finally, Prism Advisors Inc. bought a new stake in Tesla in the fourth quarter valued at about $30,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 the company’s stock in a transaction that occurred 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 owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 83,213 shares of company stock worth $32,201,105 over the last ninety days. Insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for ‘gobsmacking’ slow progress in class action lawsuit

Analyst Ratings Changes

TSLA has been the topic of a number of analyst reports. President Capital upped their target price on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Robert W. Baird lowered their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Canaccord Genuity Group upped their target price on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen 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 has an average rating of “Hold” and an average price target of $395.20.

Tesla Price Performance

Shares of Tesla stock opened at $422.24 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 387.38, a P/E/G ratio of 16.65 and a beta of 1.79. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The firm’s 50-day moving average price is $386.41 and its two-hundred day moving average price is $418.28.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

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.