Shares of Tesla fell to $261.07 during today's evening trading session. Despite the -2.4% change, the large-cap Auto Manufacturers company still trades 10.72% above its average analyst target price of $235.79. So there may be further downside for the Auto Manufacturers stock. Tesla has target prices ranging from $24.33 to $350.0 per share, and its average rating is hold.
The stock has an average amount of shares sold short at 3.4%, and a short ratio of 0.65. The company's insiders own 13.04% 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 44.2% 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 | $57,598,110,621 |
| 2023-03-31 | Blackrock Inc. | 6% | 178,662,226 | $46,643,348,650 |
| 2023-03-31 | State Street Corporation | 3% | 99,683,820 | $26,024,455,617 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 50,047,967 | $13,066,023,111 |
| 2023-03-31 | Capital World Investors | 1% | 43,760,201 | $11,424,475,995 |
| 2023-03-31 | FMR, LLC | 1% | 33,326,389 | $8,700,520,620 |
| 2023-03-31 | JP Morgan Chase & Company | 1% | 29,229,125 | $7,630,847,877 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 28,085,245 | $7,332,215,117 |
| 2023-03-31 | Northern Trust Corporation | 1% | 27,057,308 | $7,063,851,597 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 1% | 26,224,189 | $6,846,349,214 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Tesla.
