Tesla, Inc. $TSLA Shares Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,317 shares of the electric vehicle producer’s stock after buying an additional 2,491 shares during the quarter. Verus Capital Partners LLC’s holdings in Tesla were worth $10,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSLA. Brighton Jones LLC lifted its holdings in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC raised its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after acquiring an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC raised its holdings in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after acquiring an additional 851 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose nearly 40% in May, suggesting a firmer recovery in a key market. Reuters article
• Positive Sentiment: Tesla expanded its unsupervised robotaxi service area in Austin, supporting the autonomy growth narrative. Reuters article
• Positive Sentiment: FSD Supervised reportedly gained approval in Estonia, extending Tesla’s driver-assistance rollout in Europe. Zacks article
• Neutral Sentiment: SpaceX’s IPO and talk of a possible Tesla-SpaceX link are drawing attention to Elon Musk’s broader empire, but this is still speculative for TSLA. CNBC article
• Negative Sentiment: Tesla settled some racism claims in California, while a larger jury trial still looms as a legal overhang. TipRanks article
• Negative Sentiment: New FSD-related litigation in China and intensifying robotics competition raise concerns about Tesla’s valuation and growth story. Yahoo Finance article

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. 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. Insiders have sold a total of 57,482 shares of company stock worth $21,508,331 over the last quarter. Insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TSLA shares. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Barclays reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday, April 21st. Finally, Truist Financial cut their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $395.20.

Tesla Stock Performance

TSLA stock opened at $423.70 on Thursday. 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’s 50 day simple moving average is $394.52 and its 200 day simple moving average is $416.14. The firm has a market cap of $1.59 trillion, a P/E ratio of 388.72, a P/E/G ratio of 16.73 and a beta of 1.80. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, equities research analysts predict that Tesla, Inc. will post 1.2 EPS for the current 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.