What Is the Overall Sentiment on Tesla (TSLA) Shares?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.