Shares of Tesla rose to $279.82 during today's afternoon trading session. Despite the 6.9% change, the large-cap Auto Manufacturers company still trades 39.32% above its average analyst target price of $200.84. So there may be further downside for the Auto Manufacturers stock. Tesla has target prices ranging from $24.33 to $335.0 per share, and its average rating is hold.
Tesla's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.5%. The stock's short ratio is 0.66. The company's insiders own 13.06% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 44.9%. In conclusion, we believe there is mixed market sentiment regarding Tesla.
Institutions Invested in Tesla
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 7% | 220,622,525 | $61,734,596,561 |
| 2023-03-31 | Blackrock Inc. | 6% | 178,662,226 | $49,993,265,387 |
| 2023-03-31 | State Street Corporation | 3% | 99,683,820 | $27,893,527,242 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 50,047,967 | $14,004,422,492 |
| 2023-03-31 | Capital World Investors | 1% | 43,760,201 | $12,244,979,764 |
| 2023-03-31 | FMR, LLC | 1% | 33,326,389 | $9,325,390,414 |
| 2023-03-31 | JP Morgan Chase & Company | 1% | 29,229,125 | $8,178,893,971 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 28,085,245 | $7,858,813,461 |
| 2023-03-31 | Northern Trust Corporation | 1% | 27,057,308 | $7,571,176,122 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 1% | 26,224,189 | $7,338,052,758 |
