AustralianSuper Pty Ltd Buys 179,596 Shares of Tesla, Inc. $TSLA

AustralianSuper Pty Ltd grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 6,175.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,504 shares of the electric vehicle producer’s stock after acquiring an additional 179,596 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Tesla were worth $82,076,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSLA. Vanguard Group Inc. raised its holdings in Tesla by 2.6% in 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 purchasing an additional 6,538,720 shares in the last quarter. State Street Corp boosted its holdings in shares of Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock valued at $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Capital World Investors grew its position in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after acquiring an additional 3,021,550 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Tesla by 5.8% during the third quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer’s stock valued at $2,996,118,000 after acquiring an additional 368,493 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TSLA. Barclays reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a report on Monday, April 27th. BNP Paribas Exane raised Tesla from an “underperform” rating to a “neutral” rating in a research report on Monday, April 27th. Bank of America initiated coverage on Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 target price on the stock. Finally, Mizuho decreased their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $395.20.

Insider Buying and Selling

In other 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 2,264 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,213 shares of company stock worth $30,851,105 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $443.30 on Friday. The company has a 50 day simple moving average of $386.08 and a two-hundred day simple moving average of $418.25. The stock has a market cap of $1.66 trillion, a price-to-earnings ratio of 406.70, a PEG ratio of 17.56 and a beta of 1.79. 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, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83.

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. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. As a group, analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received fresh momentum from reports that it was authorized to test supervised self-driving software in Belgium, reinforcing the bullish case for its autonomy roadmap. Reuters: Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: Investor optimism also improved after Tesla-related articles highlighted stronger China FSD hopes, a new easy-loan incentive for Chinese buyers, and broader enthusiasm around the robotaxi and Optimus narratives. TipRanks: Tesla Gives Chinese EV Drivers an ‘Easy Loan’ Incentive
• Positive Sentiment: Tesla’s Berlin expansion plan and a KBRA preliminary rating on its sustainable energy ABS deal support the view that the company is still investing in manufacturing and energy financing growth. Zacks: Can Tesla’s $250M Berlin Expansion Strengthen Its EV Lead?
• Neutral Sentiment: UBS raised its price target to $364 but kept a Neutral rating, while Barclays reiterated Neutral and Phillip Securities kept a Sell rating, signaling mixed Wall Street views rather than a clear catalyst. MarketScreener: UBS raises Tesla price target
• Neutral Sentiment: Media coverage around Elon Musk’s China trip, Trump’s delegation, and comparisons with rivals like Ford and BYD added noise, but the biggest investor takeaway is still Tesla’s AI/autonomy upside versus execution risk. Invezz: Why Tesla stock is jittery as Elon Musk visits Beijing
• Negative Sentiment: On the bearish side, Tesla faced fresh skepticism from analysts and bearish commentary about valuation, plus criticism that rivals are advancing on certain AI and EV features, which could cap upside if execution slows. TipRanks: Tesla AI Falters Against Rivian

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.