Groupama Asset Managment Trims Position in Tesla, Inc. $TSLA

Groupama Asset Managment trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,292 shares of the electric vehicle producer’s stock after selling 10,210 shares during the period. Groupama Asset Managment’s holdings in Tesla were worth $36,540,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TSLA. WNY Asset Management LLC purchased a new stake in shares of Tesla during the first quarter worth about $997,000. Segall Bryant & Hamill LLC purchased a new position in Tesla in the 1st quarter worth approximately $1,172,000. Wellington Grp LLC boosted its stake in Tesla by 19.2% in the 1st quarter. Wellington Grp LLC now owns 9,359 shares of the electric vehicle producer’s stock worth $3,479,000 after purchasing an additional 1,507 shares during the period. Verus Capital Partners LLC boosted its stake in Tesla by 20.5% in the 1st quarter. Verus Capital Partners LLC now owns 26,884 shares of the electric vehicle producer’s stock worth $9,994,000 after purchasing an additional 4,567 shares during the period. Finally, Front Street Capital Management Inc. grew its holdings in Tesla by 21.0% during the 1st quarter. Front Street Capital Management Inc. now owns 1,182 shares of the electric vehicle producer’s stock valued at $439,000 after buying an additional 205 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSLA. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. China Renaissance reduced their price target on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $402.24.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Tesla Stock Up 0.8%

NASDAQ TSLA opened at $311.20 on Friday. The stock has a 50 day moving average price of $389.93 and a 200-day moving average price of $397.91. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market capitalization of $1.23 trillion, a P/E ratio of 288.15, a P/E/G ratio of 15.33 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities analysts predict that Tesla, Inc. will post 0.89 EPS for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

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.