Mattern Capital Management LLC Trims Position in Tesla, Inc. $TSLA

Mattern Capital Management LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 54.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,229 shares of the electric vehicle producer’s stock after selling 2,636 shares during the quarter. Mattern Capital Management LLC’s holdings in Tesla were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.

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

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Q2 deliveries came in well above expectations at 480,126 vehicles, and analysts have reportedly raised estimates ahead of the July 22 earnings report, improving the near-term setup for results. Tesla Stock Earnings Setup Shifts After Major Delivery Beat
• Positive Sentiment: Jefferies raised its price target on Tesla to $400 from $375, suggesting some Wall Street analysts still see upside even while keeping a cautious stance. Why Jefferies Raised Tesla’s Price Target but Remains Cautious
• Neutral Sentiment: Commentary around Tesla’s stock “stagnation” and post-earnings price behavior reflects a bullish longer-term narrative, but it is largely opinion-based rather than a direct catalyst. The Burst Phenomenon: Why Tesla’s Stock Stagnation Will Soon End
• Neutral Sentiment: Technical analysis suggests Tesla’s bullish trend remains intact, but traders are watching support and resistance closely ahead of earnings. Tesla (TSLA) Price Forecast: Bullish Trend Tests Key Support Ahead of Earnings
• Neutral Sentiment: Reports and commentary about a possible SpaceX-Tesla tie-up and other Musk-related speculation are drawing attention, but they remain highly uncertain and don’t change Tesla’s fundamentals today. Would A SpaceX-Tesla Merger Make Elon Musk Unstoppable? | IBD
• Neutral Sentiment: Tesla’s AI and robotics story continues to attract interest, including discussion of Optimus production and Grok 4.5 use to lower AI costs, but these are still medium- to long-term themes. Tesla (TSLA) Pushes Staff Toward Grok 4.5 as Musk Targets Lower AI Costs
• Negative Sentiment: New federal scrutiny of Tesla’s robotaxi plans is a headwind, with regulators and lawmakers raising safety concerns that could slow autonomous rollout. Tesla (TSLA) Faces New Robotaxi Safety Questions From Federal Regulators
• Negative Sentiment: Competition is also pressuring sentiment, as XPeng and Rivian-related coverage highlights growing EV and self-driving threats, while Tesla’s FSD and robotaxi execution remain under the microscope. Tesla Stock (TSLA) Takes a Battering as Chinese Rival XPeng Declares it is Ready to Go Head-to-Head

Tesla Price Performance

Shares of TSLA opened at $394.76 on Tuesday. Tesla, Inc. has a fifty-two week low of $297.82 and a fifty-two week high of $498.83. The firm’s 50 day moving average price is $410.72 and its 200 day moving average price is $408.03. The company has a market cap of $1.48 trillion, a P/E ratio of 362.17, a PEG ratio of 14.93 and a beta of 1.80. 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 issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, research analysts forecast that Tesla, Inc. will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated 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 owned 22,039 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 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 dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TSLA. DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research note on Friday, April 24th. Guggenheim started coverage on Tesla in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Robert W. Baird cut their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, President Capital boosted their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $407.58.

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.