Tesla, Inc. $TSLA Shares Purchased by Jericho Financial LLP

Jericho Financial LLP raised its position in Tesla, Inc. (NASDAQ:TSLA) by 13.4% during the 1st quarter, Holdings Channel reports. The firm owned 12,452 shares of the electric vehicle producer’s stock after acquiring an additional 1,469 shares during the quarter. Tesla comprises about 2.9% of Jericho Financial LLP’s holdings, making the stock its 19th biggest position. Jericho Financial LLP’s holdings in Tesla were worth $4,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. State Street Corp lifted its stake in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after buying an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC grew its holdings in Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after buying an additional 375,946 shares during the last quarter. Capital World Investors increased its position in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, Norges Bank purchased a new position in Tesla during the fourth quarter worth $17,128,100,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TSLA shares. Jefferies Financial Group boosted their price objective on shares of Tesla from $350.00 to $375.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Mizuho decreased their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Twenty-one research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $408.52.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported Q2 deliveries of 480,126 vehicles, well above estimates, and revenue growth remained solid, reinforcing that demand and execution improved in the latest quarter. Massive News for Tesla Stock Investors!
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, citing optimism around a possible SpaceX merger that could create additional strategic value for Elon Musk’s ecosystem. Veteran Bank Revamps Tesla Stock Price Target on Potential SpaceX Merger
• Positive Sentiment: Tesla expanded its robotaxi service to Miami, its first market outside Texas and California, which adds a new catalyst for the autonomous-driving story that bulls are betting on. Tesla (TSLA) Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Several articles framed Tesla as a stock to watch ahead of its July 22 earnings report, but these pieces were more commentary than new fundamentals.
• Neutral Sentiment: Wall Street continues to split between enthusiasm for Tesla’s AI/robotaxi optionality and skepticism over whether the stock’s premium valuation is already pricing in too much future growth.
• Negative Sentiment: Despite the delivery beat, Tesla’s stock sold off as investors questioned the sustainability of the demand improvement and the market’s reaction suggested the report was not enough to support a higher share price. Tesla’s Delivery Numbers Blew Past Estimates. So Why Isn’t the Stock Rallying?
• Negative Sentiment: Bearish commentary also highlighted Tesla’s rich valuation and said the delivery strength may not be enough to justify the stock’s current multiple. Tesla: Even The Bull Case Doesn’t Justify This Absurd Valuation
• Negative Sentiment: Some coverage also argued Tesla’s self-driving story faces new legal and regulatory pressure after a Texas manslaughter case raised fresh questions about FSD claims. Tesla’s Self-Driving Story Faces New Test

Tesla Price Performance

TSLA opened at $402.90 on Wednesday. Tesla, Inc. has a 52-week low of $293.55 and a 52-week high of $498.83. The company has a 50 day moving average of $408.84 and a two-hundred day moving average of $410.39. The company has a market cap of $1.51 trillion, a P/E ratio of 369.63, a P/E/G ratio of 16.46 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 (NASDAQ:TSLA) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 1.21 earnings per share for the current year.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated 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 completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were 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 approximately $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 sold 32,015 shares of company stock worth $12,383,640 over the last three months. 19.90% of the stock is currently owned by corporate insiders.

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.