2,993 Shares in Tesla, Inc. $TSLA Bought by Richard Young Associates Ltd.

Richard Young Associates Ltd. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,993 shares of the electric vehicle producer’s stock, valued at approximately $1,346,000. Tesla comprises approximately 1.1% of Richard Young Associates Ltd.’s investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors also recently bought and sold shares of the business. Lockheed Martin Investment Management Co. increased its stake in Tesla by 73.8% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 139,900 shares of the electric vehicle producer’s stock valued at $62,916,000 after purchasing an additional 59,400 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Tesla by 6.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 29,869 shares of the electric vehicle producer’s stock valued at $13,433,000 after purchasing an additional 1,725 shares during the period. HFM Investment Advisors LLC increased its stake in Tesla by 10.4% in the fourth quarter. HFM Investment Advisors LLC now owns 830 shares of the electric vehicle producer’s stock valued at $373,000 after purchasing an additional 78 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Tesla by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 89,782 shares of the electric vehicle producer’s stock valued at $40,377,000 after purchasing an additional 345 shares during the period. Finally, IMG Wealth Management Inc. increased its stake in Tesla by 20.4% in the fourth quarter. IMG Wealth Management Inc. now owns 750 shares of the electric vehicle producer’s stock valued at $337,000 after purchasing an additional 127 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 4.8%

Shares of NASDAQ:TSLA opened at $422.24 on Friday. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 387.38, a PEG ratio of 17.48 and a beta of 1.79. The firm’s 50-day simple moving average is $386.41 and its 200-day simple moving average is $418.28. 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 fifty-two week low of $273.21 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last issued 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. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for ‘gobsmacking’ slow progress in class action lawsuit

Insider Activity

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla 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 of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 83,213 shares of company stock worth $32,201,105. Insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Mizuho dropped their price objective on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. China Renaissance dropped 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. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a research note on Thursday, April 23rd. Wells Fargo & Company dropped their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $395.20.

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.