Tesla, Inc. $TSLA Stock Holdings Decreased by Korea Investment CORP

Korea Investment CORP reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,130,150 shares of the electric vehicle producer’s stock after selling 47,394 shares during the period. Tesla accounts for 1.9% of Korea Investment CORP’s portfolio, making the stock its 10th biggest position. Korea Investment CORP’s holdings in Tesla were worth $957,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the second quarter valued at approximately $26,000. Networth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. boosted its stake 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 buying an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at approximately $30,000. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSLA shares. China Renaissance decreased their price target on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Truist Financial decreased their price target on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. BTIG Research downgraded Tesla to a “neutral” rating in a research note on Friday, June 5th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Thursday. Finally, Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Twenty-two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s 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 completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. 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 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% 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. Over the last three months, insiders sold 57,824 shares of company stock valued at $21,657,588. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $406.43 on Friday. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 372.87, a price-to-earnings-growth ratio of 15.96 and a beta of 1.80. The business has a fifty day moving average of $398.35 and a 200-day moving average of $416.01. 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 (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during 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 for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Tesla Company 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.