Tesla surged to $266.44 per share Friday, but it remains 13.0% above its mean target price of $235.79. There may still be room for more downwards movement — even after today's 4.2% drop. Analysts are giving the large-cap Auto Manufacturers stock on average rating of hold, with target prices ranging from $24.33 to $350.0 per share.
The stock has an average amount of shares sold short at 3.5%, and a short ratio of 0.59. The company's insiders own 13.06% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 44.9% of Tesla's shares being owned by this investor type.
Institutions Invested in Tesla
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 7% | 220,623,239 | $58,782,856,337 |
| 2023-03-31 | Blackrock Inc. | 6% | 178,662,226 | $47,602,763,931 |
| 2023-03-31 | State Street Corporation | 3% | 99,683,820 | $26,559,757,244 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 50,047,967 | $13,334,780,449 |
| 2023-03-31 | Capital World Investors | 1% | 43,760,201 | $11,659,468,061 |
| 2023-03-31 | FMR, LLC | 1% | 33,326,389 | $8,879,483,166 |
| 2023-03-31 | JP Morgan Chase & Company | 1% | 29,229,125 | $7,787,808,136 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 28,085,245 | $7,483,032,746 |
| 2023-03-31 | Northern Trust Corporation | 1% | 27,057,308 | $7,209,149,209 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 1% | 26,224,189 | $6,987,172,981 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Tesla.
