Lazard Asset Management LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 12.9% in the 1st quarter, Holdings Channel reports. The fund owned 511,170 shares of the electric vehicle producer’s stock after buying an additional 58,461 shares during the period. Lazard Asset Management LLC’s holdings in Tesla were worth $190,027,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of TSLA. PFS Partners LLC boosted its holdings in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 24 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares in the last quarter. Aspect Partners LLC increased its holdings in Tesla by 12.5% in the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after buying an additional 25 shares in the last quarter. Human Investing LLC raised its position in shares of Tesla by 4.5% in the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after acquiring an additional 25 shares during the period. Finally, SilverOak Wealth Management LLC boosted its stake in shares of Tesla by 2.3% during the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Price Performance
Shares of NASDAQ:TSLA opened at $313.03 on Monday. Tesla, Inc. has a 52-week low of $297.82 and a 52-week high of $498.83. The stock has a market cap of $1.24 trillion, a P/E ratio of 289.85, a PEG ratio of 10.80 and a beta of 1.80. The business has a fifty day moving average of $400.74 and a two-hundred day moving average of $402.19. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.
Wall Street Analyst Weigh In
TSLA has been the topic of a number of recent analyst reports. HSBC reiterated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group set a $400.00 target price on Tesla and gave the company a “hold” rating in a research report on Monday, July 13th. BTIG Research lowered shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $404.95.
Read Our Latest Analysis on Tesla
Insiders Place Their Bets
In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock in a transaction on 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 transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,015 shares of company stock worth $12,383,640 in the last 90 days. Company insiders own 19.90% of the company’s stock.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Record quarterly revenue and deliveries show Tesla is still growing its top line. Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
- Positive Sentiment: Some investors remain bullish on the long term, with ARK/Cathie Wood buying the dip after the post-earnings slump. Cathie Wood’s Ark Bought the Dip in Tesla Stock
- Neutral Sentiment: Tesla continued to promote robotaxi and Optimus progress, but the market appears to want tangible revenue and execution milestones before rewarding those ambitions. Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
- Negative Sentiment: Q2 earnings missed expectations, and Tesla reported negative free cash flow as spending surged. Tesla’s once-bullish tone on robotaxis shifts
- Negative Sentiment: Management’s large 2026 capex plan and AI spending push are spooking investors over margins and cash burn. Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
- Negative Sentiment: Analysts have been lowering price targets following the report, reflecting near-term profitability concerns. Tesla Stock Plunges as Analysts Slash Price Targets after Q2 Earnings Miss
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.
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