Mutual of America Capital Management LLC Sells 1,470 Shares of Tesla, Inc. $TSLA

Mutual of America Capital Management LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 302,656 shares of the electric vehicle producer’s stock after selling 1,470 shares during the quarter. Tesla comprises approximately 1.4% of Mutual of America Capital Management LLC’s holdings, making the stock its 10th biggest position. Mutual of America Capital Management LLC’s holdings in Tesla were worth $136,110,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSLA. Brighton Jones LLC boosted its holdings in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC boosted its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC boosted its holdings in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 owned by corporate insiders.

Tesla Stock Down 4.6%

NASDAQ TSLA opened at $415.88 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm has a 50-day simple moving average of $392.55 and a 200 day simple moving average of $416.03. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. The stock has a market cap of $1.56 trillion, a PE ratio of 381.54, a PEG ratio of 17.21 and a beta of 1.80.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSLA shares. DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a report on Friday, April 24th. Benchmark reiterated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a report on Wednesday, April 22nd. Bank of America began coverage on shares of Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $395.20.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s May registrations surged in several European markets, including a 655% jump in France and more than a doubling of sales in Spain, signaling a potential recovery in demand and supporting hopes for a Q2 delivery beat. Reuters article
• Positive Sentiment: Andrew Left’s securities fraud conviction removed a high-profile Tesla critic from the short-selling debate, which some investors view as a modest sentiment boost for TSLA. TipRanks article
• Positive Sentiment: Tesla backed away from terminating its graphite supply agreement with Syrah Resources, reducing a supply-chain overhang even though the issue appears to be still under qualification. Reuters article
• Neutral Sentiment: Investors are increasingly focused on whether a future SpaceX IPO could create a benchmark for the “Musk premium” embedded in Tesla’s valuation, but the implications remain highly speculative. Benzinga article
• Neutral Sentiment: Analysts and market commentary continue debating a possible SpaceX-Tesla merger, but the deal is still theoretical and may be more headline-driven than fundamentally actionable for TSLA today. Motley Fool article
• Negative Sentiment: Tesla stock faced renewed pressure as OpenAI and Nvidia moved deeper into humanoid robotics, raising concerns that Tesla’s Optimus project could face stronger competition. TipRanks article
• Negative Sentiment: BYD and NIO posted strong May sales and delivery figures, highlighting intensifying EV competition in China and abroad that could weigh on Tesla’s growth narrative. Benzinga article

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.