Tesla stock is trading -16.62% below its average target price of $204.59 after dropping -3.9% during today's afternoon session. Analysts are giving the Large-Cap Auto Manufacturers company an average rating of hold and target prices ranging from $24.33 to $320.0 per share.
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 0.94. The company's insiders own 13.0% 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 45.7%. In conclusion, we believe there is mixed market sentiment regarding Tesla.
Institutions Invested in Tesla
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 7% | 229,806,372 | $39,202,668,157 |
| 2023-12-31 | Blackrock Inc. | 6% | 188,183,433 | $32,102,211,146 |
| 2023-12-31 | State Street Corporation | 3% | 108,871,505 | $18,572,389,639 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 55,256,335 | $9,426,177,985 |
| 2023-12-31 | Capital World Investors | 1% | 41,034,947 | $7,000,151,458 |
| 2023-12-31 | Morgan Stanley | 1% | 32,995,225 | $5,628,655,311 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 31,570,978 | $5,385,693,021 |
| 2023-12-31 | FMR, LLC | 1% | 29,353,129 | $5,007,350,168 |
| 2023-12-31 | JP Morgan Chase & Company | 1% | 27,826,540 | $4,746,929,356 |
| 2023-12-31 | Price (T.Rowe) Associates Inc | 1% | 26,153,172 | $4,461,469,515 |
