Carlson Capital Management Has $2.20 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Carlson Capital Management decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,394 shares of the electric vehicle producer’s stock after selling 3,156 shares during the quarter. Carlson Capital Management’s holdings in Tesla were worth $2,196,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Principal Street Partners LLC increased its stake in Tesla by 100.7% in the third quarter. Principal Street Partners LLC now owns 9,028 shares of the electric vehicle producer’s stock valued at $2,362,000 after acquiring an additional 4,529 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Tesla by 50.1% during the 3rd quarter. Brooklyn Investment Group now owns 16,096 shares of the electric vehicle producer’s stock worth $4,211,000 after buying an additional 5,375 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Tesla during the 3rd quarter worth $687,000. FMR LLC grew its position in Tesla by 3.5% in the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer’s stock valued at $6,473,008,000 after acquiring an additional 828,308 shares during the last quarter. Finally, Elios Financial Group Inc. acquired a new position in Tesla during the third quarter worth about $292,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $295.00 price target on shares of Tesla in a report on Tuesday, September 10th. Sanford C. Bernstein reiterated an “underperform” rating and set a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Piper Sandler upped their price objective on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Wedbush reiterated an “outperform” rating and set a $400.00 target price on shares of Tesla in a research report on Monday, November 18th. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $231.06.

Tesla Price Performance

NASDAQ TSLA traded down $13.97 during trading on Tuesday, reaching $338.59. The company’s stock had a trading volume of 95,890,899 shares, compared to its average volume of 95,798,258. The firm has a fifty day moving average of $266.31 and a 200 day moving average of $227.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market capitalization of $1.09 trillion, a PE ratio of 92.76, a P/E/G ratio of 11.45 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $361.93.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $36,761,200. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 over the last ninety days. Insiders own 20.70% of the company’s stock.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.