Lingotto Investment Management LLP Has $26.45 Million Stake in Tesla, Inc. $TSLA

Lingotto Investment Management LLP raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 33.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,804 shares of the electric vehicle producer’s stock after buying an additional 14,843 shares during the period. Tesla comprises 0.5% of Lingotto Investment Management LLP’s portfolio, making the stock its 24th biggest position. Lingotto Investment Management LLP’s holdings in Tesla were worth $26,445,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 6,538,720 shares in the last quarter. State Street Corp increased its holdings in shares of 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 buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 375,946 shares in the last quarter. Capital World Investors increased its holdings in shares of 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 buying an additional 2,403,019 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tesla during the fourth quarter worth approximately $17,128,100,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported a sharp rebound in several European markets, including a 655% jump in registrations in France and more than a doubling of sales in Spain and Portugal, which supports the view that demand is recovering outside the U.S. Reuters: Tesla May registrations jump in several European markets as recovery continues
• Positive Sentiment: Prediction markets are now pricing in a better chance that Tesla could beat second-quarter delivery expectations after the strong European registration data, which could help sentiment ahead of the next delivery report. Benzinga: Tesla Registrations Surge 655% In France
• Positive Sentiment: Tesla backed off its termination threat in the Australian graphite supply dispute with Syrah Resources, reducing near-term supply-chain risk for battery materials. Reuters: Tesla withdraws termination notice on graphite supply deal with Australia’s Syrah
• Neutral Sentiment: Market commentary is increasingly focused on Tesla’s relationship to Elon Musk’s broader empire, with SpaceX IPO and merger chatter creating uncertainty about whether Tesla’s valuation will benefit from or be diluted by future corporate combinations. Fortune: A SpaceX-Tesla union would mark the largest merger of all time
• Neutral Sentiment: Analysts also pointed out that Tesla still screens as overvalued on traditional metrics, reinforcing the stock’s sensitivity to growth expectations rather than current earnings power. GuruFocus: Tesla Inc Stock Down 4.6% but Still Overvalued
• Negative Sentiment: TSLA is being hit by rising competition in AI and robotics, especially after OpenAI moved into humanoid robots and Nvidia executives highlighted robotics ambitions, which investors see as a challenge to Tesla’s Optimus narrative. TipRanks: Tesla Stock Falls on Robo Attack from Nvidia and OpenAI
• Negative Sentiment: Tesla’s China EV backdrop also looks tougher, with rival NIO posting a strong May delivery surge and BYD showing enough momentum to pressure Tesla’s competitive position in key global markets. 247WallSt: NIO Soars 7% … Tesla Sinks … as China EV Battle Intensifies

Tesla Price Performance

TSLA opened at $415.88 on Tuesday. The company has a fifty day moving average price of $392.55 and a two-hundred day moving average price of $416.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83. The firm has a market capitalization of $1.56 trillion, a PE ratio of 381.54, a P/E/G 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 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction 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 sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $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. Insiders have sold a total of 57,482 shares of company stock valued at $21,508,331 in the last ninety days. Company insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DZ Bank raised 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. Canaccord Genuity Group raised their price objective on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Truist Financial dropped their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Mizuho lowered their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Nineteen equities 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, the stock has a consensus rating of “Hold” and an average price target of $395.20.

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.