Tesla, Inc. $TSLA Stock Holdings Lifted by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 22.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 83,220 shares of the electric vehicle producer’s stock after acquiring an additional 15,450 shares during the quarter. Tesla comprises 1.2% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 28th largest position. Nippon Life Global Investors Americas Inc.’s holdings in Tesla were worth $29,527,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the second quarter worth approximately $25,000. Harborfront Financial Group LLC bought a new stake in Tesla during the 2nd quarter valued at $34,000. Montgomery Financial Services LLC bought a new stake in Tesla during the 2nd quarter valued at $40,000. Timbuktu Capital Management LLC purchased a new stake in shares of Tesla in the 2nd quarter worth $42,000. Finally, Navigoe LLC bought a new position in shares of Tesla during the 2nd quarter worth $45,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European sales showed meaningful improvement in October: Tesla registrations rose 248% year over year in Sweden, 131% in Norway and 34% in Denmark. The gains suggest Tesla may be beginning to recover from its prolonged global sales slump. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Tesla’s Cybercab and robotaxi expansion remains a major part of the bullish investment case. New or expanded operations in Texas, Nevada and other U.S. markets could create higher-margin, recurring software and mobility revenue if Tesla reaches its targeted operating cost of roughly $0.30 per paid mile. Cybercab Expansion Might Change the Case for Investing in Tesla Stock
• Neutral Sentiment: Tesla may be reconsidering a larger role for Taiwan Semiconductor Manufacturing Co. in its Texas Terafab chip project. TSMC’s manufacturing expertise could improve execution, although the report also suggests Tesla may have less direct control over a strategically important initiative. Tesla’s Terafab May Reportedly Lean on TSMC After All
• Neutral Sentiment: Reports that Tesla and SpaceX are exploring a combination continue to generate speculative upside scenarios, but the transaction would require agreement on valuation, exchange terms and shareholder approval. The potential deal is not yet a completed corporate action. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
• Negative Sentiment: Investor Gary Black says Tesla’s U.S. EV share has fallen from approximately 80% to 52% as smaller and lesser-known rivals gain ground. His call for stronger marketing highlights competitive pressure and could weigh on confidence in Tesla’s ability to justify its very high valuation. Gary Black Says Tesla Is Losing EV Share
• Negative Sentiment: BYD, Xiaomi and XPeng reported strong October sales in China, reinforcing the threat from increasingly capable local competitors. That pressure is especially important because Tesla trades at a substantial earnings premium despite modest profitability and recently declining revenue. Tesla China EV Rivals Report Strong Sales

Tesla Price Performance

Shares of TSLA stock opened at $399.81 on Monday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The stock’s 50-day moving average is $369.61 and its 200 day moving average is $385.81. The company has a market cap of $1.58 trillion, a P/E ratio of 439.36, a PEG ratio of 24.77 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Research analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Monness Crespi & Hardt initiated coverage on Tesla in a research note on Monday, October 26th. They set a “buy” rating on the stock. Yorkville Ives began coverage on shares of Tesla in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price objective for the company. Barclays upgraded shares of Tesla from an “outperform” rating to an “overweight” rating and increased their target price for the stock from $370.00 to $450.00 in a report on Monday, October 26th. Stifel Nicolaus set a $475.00 target price on shares of Tesla in a research report on Thursday, October 22nd. Finally, CLSA restated an “underperform” rating on shares of Tesla in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.

Tesla Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.