Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Trims Stock Holdings in Tesla, Inc. $TSLA

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 74.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 840 shares of the electric vehicle producer’s stock after selling 2,460 shares during the quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings in Tesla were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TSLA. Demars Financial Group LLC increased its holdings in Tesla by 6.1% in the 1st quarter. Demars Financial Group LLC now owns 2,726 shares of the electric vehicle producer’s stock worth $1,014,000 after acquiring an additional 157 shares in the last quarter. Capstone Capital Management Ltd raised its stake in Tesla by 2,113.1% during the 1st quarter. Capstone Capital Management Ltd now owns 14,009 shares of the electric vehicle producer’s stock worth $5,208,000 after acquiring an additional 13,376 shares during the period. Personal CFO Solutions LLC lifted its holdings in Tesla by 23.5% during the first quarter. Personal CFO Solutions LLC now owns 12,214 shares of the electric vehicle producer’s stock valued at $4,540,000 after purchasing an additional 2,326 shares in the last quarter. Austin Asset Management Co Inc increased its stake in shares of Tesla by 2.5% in the first quarter. Austin Asset Management Co Inc now owns 1,452 shares of the electric vehicle producer’s stock worth $540,000 after purchasing an additional 36 shares in the last quarter. Finally, W Advisors LLC raised its position in shares of Tesla by 20.7% during the 1st quarter. W Advisors LLC now owns 2,114 shares of the electric vehicle producer’s stock valued at $786,000 after purchasing an additional 363 shares during the period. 66.20% of the stock is currently owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Tesla Stock Down 2.2%

TSLA opened at $394.11 on Thursday. The company has a market capitalization of $1.48 trillion, a PE ratio of 361.57, a price-to-earnings-growth ratio of 14.81 and a beta of 1.80. The firm has a 50-day simple moving average of $409.15 and a two-hundred day simple moving average of $409.76. 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 52 week low of $293.55 and a 52 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 (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.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 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred 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 sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BNP Paribas Exane downgraded shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. President Capital boosted their price objective on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research report on Monday, April 27th. HSBC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday, June 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, June 24th. Finally, Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $408.52.

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.