Tenzing Financial LLC Acquires New Position in Tesla, Inc. $TSLA

Tenzing Financial LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, Holdings Channel reports. The firm purchased 1,517 shares of the electric vehicle producer’s stock, valued at approximately $682,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in Tesla during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new position in Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the 4th 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. Prism Advisors Inc. acquired a new position in Tesla during the 4th quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Tesla during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. BTIG Research cut shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Robert W. Baird lowered their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Finally, HSBC restated a “hold” rating on shares of Tesla in a report on Monday. Twenty-one equities 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, Tesla presently has a consensus rating of “Hold” and a consensus target price of $404.37.

Tesla Trading Up 1.2%

Shares of Tesla stock opened at $411.15 on Tuesday. The company has a fifty day simple moving average of $399.36 and a 200-day simple moving average of $415.94. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The stock 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. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 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 firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. Tesla’s revenue for the quarter 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 fiscal year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 company’s stock in a transaction on 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 owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by insiders.

Tesla News Roundup

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

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.