Atreides Management LP Has $83.66 Million Stock Holdings in Tesla, Inc. $TSLA

Atreides Management LP lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 186,035 shares of the electric vehicle producer’s stock after selling 20,527 shares during the quarter. Tesla comprises about 1.0% of Atreides Management LP’s investment portfolio, making the stock its 23rd biggest position. Atreides Management LP’s holdings in Tesla were worth $83,664,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Networth Advisors LLC acquired a new stake in shares of Tesla during the 4th quarter worth about $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla in the 3rd quarter worth about $30,000. Prism Advisors Inc. acquired a new stake in Tesla in the 4th quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred 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 sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% 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 ninety days. 19.90% of the stock is currently owned by insiders.

Tesla Trading Down 2.0%

Shares of Tesla stock opened at $396.38 on Thursday. The firm has a market capitalization of $1.49 trillion, a PE ratio of 363.65, a price-to-earnings-growth ratio of 16.17 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. The firm’s 50 day moving average is $401.11 and its 200 day moving average is $415.57. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Equities research analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on TSLA. Sanford C. Bernstein upgraded shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $145.00 to $475.00 in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Barclays restated a “neutral” rating on shares of Tesla in a research report on Wednesday, May 13th. Finally, Tigress Financial assumed coverage on shares of Tesla in a research report on Monday, April 27th. They issued a “buy” rating for the company. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target 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 outlook for Tesla, suggesting second-quarter vehicle deliveries could come in stronger than expected. Goldman Sachs Raises Tesla Delivery Forecast as Second-Quarter Performance Appears Stronger Than Expected (TSLA)
• Positive Sentiment: Comments from a Texas DOT official and other coverage continue to support Tesla’s robotaxi/Cybercab story, reinforcing investor hopes that autonomy could become a major future growth driver. Elon Musk’s Robotaxi Goals Get A Boost As Texas DOT Official Hails Tesla Cybercab
• Positive Sentiment: New chip and AI commentary, including Tesla’s AI5 tape-out and broader “physical AI” bullishness, is feeding the long-term thesis that Tesla can evolve beyond auto sales into an AI/robotics platform. Tesla’s AI5 Chip Recently Completed Tape-Out. Here’s Why This Could Be the Most Important Development in the Company’s Transition From Automaker to AI Giant.
• Neutral Sentiment: Ongoing speculation about a Tesla-SpaceX merger is drawing attention and adding optionality to the stock, but it remains unconfirmed and could face regulatory hurdles if it ever became real. Musk’s Next Move May Be a Mega-Merger of SpaceX and Tesla
• Neutral Sentiment: Tesla’s expansion into Argentina and charging/energy-storage collaboration news is constructive for long-term global infrastructure growth, but it is not likely to move shares much on its own. Argentina’s YPF, Tesla to explore EV charging, energy storage collaboration
• Negative Sentiment: Shares are under pressure from renewed scrutiny of Tesla’s Full Self-Driving safety data, with U.S. senators asking regulators to review whether Tesla’s crash statistics are misleading or incomplete. US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report
• Negative Sentiment: Multiple articles say Tesla is slipping because investors remain unconvinced that upbeat delivery estimates alone can offset valuation concerns, competitive pressure, and caution around the autonomy narrative. Tesla stock slips below $400: why upbeat EV sales estimates are not helping
• Negative Sentiment: Bearish commentary from analysts and media also highlights concerns that Tesla’s robotaxi progress is still limited versus competitors, adding to valuation skepticism. Tesla Has Only 69 Robotaxis In Texas — But They Are Cheap

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.