Lombard Odier Asset Management Europe Ltd Sells 12,147 Shares of Tesla, Inc. $TSLA

Lombard Odier Asset Management Europe Ltd trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 59.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,268 shares of the electric vehicle producer’s stock after selling 12,147 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Tesla were worth $3,074,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TSLA. Networth Advisors LLC bought a new position in Tesla during the fourth quarter worth about $26,000. Davidson Capital Management Inc. increased its holdings 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 during the third quarter worth about $30,000. Prism Advisors Inc. bought a new position in shares of Tesla during the 4th quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the 3rd quarter valued at approximately $31,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

Tesla Trading Down 0.0%

TSLA stock opened at $311.20 on Monday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a market capitalization of $1.23 trillion, a PE ratio of 288.15, a price-to-earnings-growth ratio of 15.44 and a beta of 1.83. The company’s 50-day simple moving average is $389.93 and its 200 day simple moving average is $397.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TSLA shares. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $475.00 to $445.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. Wedbush reissued an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Finally, UBS Group set a $460.00 price objective on Tesla in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $402.24.

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.