Russell Investments Group Ltd. Has $904.21 Million Position in Tesla, Inc. $TSLA

Russell Investments Group Ltd. lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,004,951 shares of the electric vehicle producer’s stock after purchasing an additional 234,739 shares during the period. Tesla accounts for 1.0% of Russell Investments Group Ltd.’s portfolio, making the stock its 11th largest position. Russell Investments Group Ltd.’s holdings in Tesla were worth $904,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $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 valued at $27,000 after purchasing an additional 27 shares in the last quarter. Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s 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 transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% 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. Insiders have sold a total of 57,824 shares of company stock worth $21,657,588 over the last 90 days. 19.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSLA. BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. China Renaissance reduced their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research note on Tuesday, April 21st. President Capital raised their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $404.37.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Goldman Sachs raised its Q2 delivery forecast for Tesla, saying shipments appear to be tracking ahead of consensus, which supports the case for stronger near-term fundamentals. Tesla Q2 deliveries “likely tracking ahead of consensus”: Goldman
• Positive Sentiment: Tesla’s AI5 chip reportedly completed tape-out, reinforcing the company’s push into AI, autonomy, and custom hardware beyond its core EV business. Tesla’s AI5 Chip Recently Completed Tape-Out
• Neutral Sentiment: Investors are still speculating about a Tesla-SpaceX merger, but it remains unconfirmed and faces major regulatory and execution hurdles, so it is more a valuation narrative than an immediate business catalyst. Could a Tesla-SpaceX Merger Be Closer Than Investors Think?
• Negative Sentiment: U.S. senators are urging a review of Tesla’s FSD safety data after Reuters reporting questioned the accuracy of Tesla’s self-published crash statistics, increasing regulatory and reputational risk around autonomy. US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data
• Negative Sentiment: Reuters also reported that regulators in Sweden and the Netherlands believe Tesla presented misleading FSD safety data, adding to concerns that could slow European approval efforts and weigh on sentiment. Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators

Tesla Trading Down 1.6%

TSLA opened at $404.66 on Wednesday. The stock has a market capitalization of $1.52 trillion, a P/E ratio of 371.25, a P/E/G ratio of 16.44 and a beta of 1.80. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The firm’s fifty day simple moving average is $400.24 and its 200 day simple moving average is $415.78. 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 issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts anticipate that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

About Tesla

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.