Constant Guidance Financial LLC Takes Position in Tesla, Inc. $TSLA

Constant Guidance Financial LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,748 shares of the electric vehicle producer’s stock, valued at approximately $1,686,000. Tesla accounts for about 1.2% of Constant Guidance Financial LLC’s holdings, making the stock its 17th largest position.

A number of other institutional investors also recently modified their holdings of TSLA. Vanguard Group Inc. boosted its stake in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares in the last quarter. State Street Corp boosted its stake in Tesla by 0.3% during the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after acquiring an additional 344,162 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares in the last quarter. Capital World Investors boosted its stake in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Tesla by 5.5% during the fourth quarter. Legal & General Group Plc now owns 20,181,227 shares of the electric vehicle producer’s stock worth $9,075,901,000 after acquiring an additional 1,043,213 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s European sales momentum appears to be improving, with multiple reports citing April registrations up sharply year over year and suggesting the EV business is regaining traction after a long slump. Tesla Logs Strong Growth in European Monthly Sales
• Positive Sentiment: Wall Street is also focusing on Tesla’s robotaxi and Optimus opportunities, with coverage saying a new patent could protect future revenue drivers and that the stock is approaching a technical breakout setup. Tesla Patent Could Protect Two Biggest Future Revenue Drivers: Here’s Why ‘Lens Cleaning System’ May Matter
• Positive Sentiment: Renewed speculation around a possible SpaceX-Tesla tie-up is adding excitement, with reports and commentary suggesting the rumored SpaceX IPO could become a major long-term catalyst for Tesla shareholders. SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Robert W. Baird cut their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Phillip Securities cut their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Wednesday, May 13th. Finally, Roth Mkm reissued a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Nineteen 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 data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $395.20.

Tesla Stock Up 1.6%

Tesla stock opened at $440.36 on Thursday. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 404.00, a price-to-earnings-growth ratio of 17.12 and a beta of 1.79. The firm’s fifty day moving average price is $390.12 and its two-hundred day moving average price is $416.18. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period last year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is currently owned by corporate insiders.

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.