Kettle Hill Capital Management LLC Takes Position in Tesla, Inc. $TSLA

Kettle Hill Capital Management LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,231 shares of the electric vehicle producer’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Gould Asset Management LLC CA boosted its stake in shares of Tesla by 13.3% in the fourth quarter. Gould Asset Management LLC CA now owns 510 shares of the electric vehicle producer’s stock valued at $229,000 after buying an additional 60 shares during the period. Hurley Capital LLC boosted its stake in shares of Tesla by 19.9% in the fourth quarter. Hurley Capital LLC now owns 993 shares of the electric vehicle producer’s stock valued at $447,000 after buying an additional 165 shares during the period. Brooklands Fund Management Ltd bought a new stake in shares of Tesla in the fourth quarter valued at approximately $2,341,000. Bluedoor Private Wealth LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $252,000. Finally, 71 West Capital Partners bought a new stake in shares of Tesla in the fourth quarter valued at approximately $5,477,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 1.2%

Shares of NASDAQ:TSLA opened at $411.15 on Tuesday. The firm has a market cap of $1.54 trillion, a P/E ratio of 377.20, a P/E/G ratio of 16.25 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 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 business has a fifty day simple moving average of $399.36 and a 200 day simple moving average of $415.94.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. Analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s blockbuster IPO has intensified talk that Elon Musk could eventually combine Tesla and SpaceX, with some bullish commentators arguing the two companies’ AI, robotics, and data ambitions could be more valuable together. That speculation has helped support TSLA shares. Forget Robotaxis, Wall Street’s Finally Asking the Real Tesla Question
• Positive Sentiment: Piper Sandler reportedly said Tesla has “cracked” the self-driving challenge, reinforcing the longer-term bull case around Full Self-Driving, robotaxis, and Optimus.
• Neutral Sentiment: Goldman Sachs maintained a Hold rating and a $375 price target, noting that stronger global deliveries offset U.S. softness, which suggests the stock may still have support but not a clear catalyst from this note alone. Tesla Rated Hold as Global Delivery Strength Offsets U.S. Softness; $375 Price Target Reiterated
• Neutral Sentiment: Several market roundups and “stocks to watch” pieces kept Tesla in the spotlight, but they did not add a major new fundamental driver.
• Negative Sentiment: Reuters reported that European regulators in Sweden and the Netherlands said Tesla presented misleading Full Self-Driving safety data while seeking approval in Europe, increasing the risk of regulatory backlash around a key growth product. Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
• Negative Sentiment: Tesla also faced headlines about FSD scrutiny from Europe, which could slow adoption and raise approval hurdles for its autonomous-driving plans.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents 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. Over the last ninety days, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSLA shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. JPMorgan Chase & Co. upgraded Tesla from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $145.00 to $475.00 in a research note on Friday, June 5th. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Roth Mkm reiterated a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group started coverage on Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. Twenty-one analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $404.37.

Tesla Company 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.