Tamar Securities LLC Sells 1,478 Shares of Tesla, Inc. $TSLA

Tamar Securities LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,640 shares of the electric vehicle producer’s stock after selling 1,478 shares during the quarter. Tesla comprises approximately 3.0% of Tamar Securities LLC’s portfolio, making the stock its 11th largest holding. Tamar Securities LLC’s holdings in Tesla were worth $28,620,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tenzing Financial LLC purchased a new position in Tesla in the fourth quarter worth $682,000. TritonPoint Partners LLC purchased a new position in Tesla in the fourth quarter worth $873,000. USS Investment Management Ltd grew its position in Tesla by 3.2% in the fourth quarter. USS Investment Management Ltd now owns 459,625 shares of the electric vehicle producer’s stock worth $206,670,000 after acquiring an additional 14,190 shares in the last quarter. WealthTrust Axiom LLC grew its position in Tesla by 1.6% in the fourth quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer’s stock worth $733,000 after acquiring an additional 26 shares in the last quarter. Finally, Zinnia Wealth Advisory LLC purchased a new position in Tesla in the fourth quarter worth $1,418,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $411.15 on Tuesday. The company has a 50-day simple moving average of $399.36 and a two-hundred day simple moving average of $415.94. 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 firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 377.20, a PEG ratio of 16.25 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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 net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 1.19 EPS for the current year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s strong debut and rising attention on Musk’s empire have lifted sentiment around Tesla, with some investors viewing TSLA as a beneficiary of growing interest in a potential Tesla-SpaceX combination. Article Title
• Positive Sentiment: Wall Street discussion about Tesla’s AI-driven valuation, including robotaxi and Optimus upside, is keeping bullish expectations alive despite a high valuation. Article Title
• Neutral Sentiment: Rivian’s CEO said his company plans to release Tesla FSD-like self-driving tech later this year, underscoring continued competition in autonomous driving. Article Title
• Negative Sentiment: Reuters reported that Tesla gave European regulators safety data for Full Self-Driving that Swedish and Dutch authorities viewed as misleading, raising the risk of scrutiny or delays for FSD approval in Europe. Article Title
• Negative Sentiment: Additional reports about European regulators questioning Tesla’s FSD data could increase concerns about regulatory hurdles for one of Tesla’s key AI/autonomy growth drivers. Article Title

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSLA shares. BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Tesla in a research report on Thursday, June 4th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, Mizuho cut their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $404.37.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction dated Monday, June 8th. The stock was 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. This represents a 10.57% decrease in their ownership of the stock. 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 quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is currently owned by company insiders.

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.