Tesla, Inc. $TSLA Shares Acquired by Swedbank AB

Swedbank AB increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 641,441 shares of the electric vehicle producer’s stock after acquiring an additional 49,861 shares during the period. Swedbank AB’s holdings in Tesla were worth $238,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Tesla during the fourth quarter worth $17,128,100,000. Corient Private Wealth LLC grew its holdings in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of America Corp DE increased its stake in Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. increased its stake in Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after buying an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Glj Research restated a “sell” rating on shares of Tesla in a research note on Friday, June 12th. BNP Paribas Exane cut Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Jefferies Financial Group increased their price target on Tesla from $350.00 to $375.00 and gave the company a “hold” rating in a report on Monday, June 22nd. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Thursday, June 11th. Finally, China Renaissance cut their target price on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Twenty-one research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $408.52.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s second-quarter deliveries came in stronger than Wall Street expected, suggesting improving demand and helping rebuild confidence in the core EV business. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi service into Miami, its first city outside Texas and California, which reinforces the bull case that autonomy could become a major growth engine over time. Article Title
• Positive Sentiment: Royal Bank of Canada raised its price target on Tesla to $500 from $475 and kept an outperform rating, signaling more upside in the eyes of at least one major analyst. Article Title
• Positive Sentiment: Several recent stories highlighted Tesla’s broader AI and robotics ambitions, including the long-term potential of robotaxis and humanoid robots, which may be supporting investor enthusiasm beyond vehicle sales alone. Article Title
• Neutral Sentiment: Some analysts continue to prefer SpaceX over Tesla among Elon Musk’s businesses, suggesting TSLA still faces skepticism about its valuation relative to its growth prospects. Article Title
• Negative Sentiment: Despite the delivery beat and robotaxi launch, several reports noted that the stock has struggled to sustain gains, reflecting investor concern that Tesla’s AI initiatives are still too early-stage to justify the valuation. Article Title
• Negative Sentiment: Commentary also pointed out that Tesla’s robotaxi rollout remains slow, which may temper near-term excitement even as the service expands to new markets. Article Title

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 2,606 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% 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. Over the last three months, insiders have sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Down 3.3%

NASDAQ:TSLA traded down $13.82 during mid-day trading on Tuesday, reaching $405.95. The stock had a trading volume of 15,034,930 shares, compared to its average volume of 58,372,523. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 372.43, a price-to-earnings-growth ratio of 15.61 and a beta of 1.80. Tesla, Inc. has a 1-year low of $293.55 and a 1-year high of $498.83. The stock’s 50 day simple moving average is $407.39 and its two-hundred day simple moving average is $411.34.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts anticipate 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.