Westerkirk Capital Inc. Decreases Position in Tesla, Inc. $TSLA

Westerkirk Capital Inc. decreased its stake in Tesla, Inc. (NASDAQ:TSLA) by 53.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,242 shares of the electric vehicle producer’s stock after selling 1,442 shares during the quarter. Westerkirk Capital Inc.’s holdings in Tesla were worth $559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 6,538,720 shares during the period. State Street Corp boosted its position in shares of Tesla by 0.3% in 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 during the period. Geode Capital Management LLC boosted its position in shares of Tesla by 0.6% in 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 during the period. Capital World Investors boosted its position in shares of Tesla by 5.8% in 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 during the period. Finally, Norges Bank purchased a new stake in shares of Tesla in the fourth quarter worth about $17,128,100,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 3.0%

Shares of NASDAQ TSLA opened at $396.68 on Wednesday. The stock’s 50 day moving average price is $396.77 and its two-hundred day moving average price is $416.12. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 363.93, a PEG ratio of 16.15 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

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

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan sharply raised its Tesla price target from $145 to $475, saying the market is undervaluing TSLA’s opportunity in autonomy, robotics, energy storage, and infrastructure licensing. JPMorgan Just Dramatically Reversed Course on Tesla Because TSLA Stock Has Massive Physical AI Potential
• Positive Sentiment: Reports that Tesla is rolling out unsupervised robotaxis in the Austin metro area are reinforcing the company’s autonomy narrative and could support future software-driven revenue growth. Tesla (TSLA) Rolls Out Unsupervised Robotaxis in Austin Metro Area, Reuters Reports
• Positive Sentiment: Tesla won Denmark approval for FSD expansion, and Dutch safety results showing fewer crashes added credibility to the company’s self-driving push. Tesla Wins Denmark Green Light For FSD Expansion — But TSLA Stock Slips
• Positive Sentiment: News that Tesla’s China retail sales jumped 22% in May suggests a potential rebound in a key market after a recent slump. Tesla’s China Sales Just Snapped a 2-Month Slump With a 22% Jump. Is the Turnaround Real?
• Neutral Sentiment: CFO Vaibhav Taneja sold 2,606 shares, but the filing says the sale was to cover tax withholding on equity awards, making it a routine insider transaction rather than a strong negative signal. Vaibhav Taneja Sells 2,606 Shares of Tesla (NASDAQ:TSLA) Stock
• Neutral Sentiment: Several articles focused on the ongoing valuation debate and speculation around a possible SpaceX/Tesla relationship, which is fueling trading interest but not yet changing Tesla’s core fundamentals. Wall Street Is Starting to Talk About Tesla’s Endgame
• Negative Sentiment: BYD’s €2 billion investment in 5-minute charging stations highlights intensifying EV competition, especially in China and Europe, which could pressure Tesla’s market share narrative. BYD Spending €2B on 5-Minute Charging Stations to Slam the Brakes on Rival Tesla
• Negative Sentiment: Some recent trading headlines noted TSLA weakness amid a broader selloff in high-valuation tech names, suggesting investors are still wary of Tesla’s rich multiple and execution risk. Why Tesla stock is crashing around 5% today

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSLA shares. UBS Group upped their target price on Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Tuesday, April 21st. Roth Mkm restated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. The Goldman Sachs Group initiated coverage on Tesla in a research report on Friday. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. Twenty-two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $404.37.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% 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 57,824 shares of company stock worth $21,657,588 in the last 90 days. 19.90% of the stock is currently owned by 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.