5 Investors Betting Big on Tesla (TSLA) Stock Right Now

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All eyes are on Tesla (NASDAQ:TSLA) stock today after the leading electric vehicle (EV) company reported fourth-quarter earnings yesterday. Throughout the quarter, Tesla produced a complete of 439,701 vehicles and delivered 405,278 vehicles. That translated to revenue of $24.3 billion, up 37% year-over-year (YOY). Analysts polled by Refinitiv had expected revenue of $24.16 billion for the period.

More specifically, automotive revenue tallied in at $21.3 billion, up 33% YOY. Further, $467 million of automotive revenue was attributed to regulatory credits. Meanwhile, adjusted earnings per share (EPS) tallied in at $1.19 versus the analyst estimate of $1.13 per share. The corporate reported an adjusted EPS of 85 cents a 12 months ago.

That said, Tesla’s automotive gross margin did clock in at 25.9%, which is “the bottom figure within the last five quarters.” This figure was affected by supply-chain inefficiencies and average sale prices which have “generally been on a downward trajectory for a few years.”

For 2023, Tesla has a production goal of 1.8 million vehicles. When asked concerning the lower-than-expected guidance, CEO Elon Musk said the next:

“We’re saying 1.8 because there all the time appears to be some friggin’ force majeure thing that happens somewhere on Earth. We don’t control if there’s earthquakes, tsunamis, wars, pandemics, etc. If it’s a smooth 12 months, without some big supply chain interruption or massive problem we’ve got the potential to do 2 million cars this 12 months. I feel there could be demand for that, too.”

5 Investors Betting Big on TSLA Stock Right Now

Tracking institutional ownership is essential, as these large investors provide liquidity and support for stocks. During Q3, a healthy 2,639 13F filers disclosed ownership of TSLA stock, a rise of 100 filers from the prior quarter. Meanwhile, the institutional put/call ratio sits at 1.02, up from 0.95. That’s comparable to 268.75 million puts and 262.36 million calls, implying a neutral options stance. With that in mind, let’s take a take a look at the highest shareholders of Tesla:

  1. Elon Musk: 423.62 million shares. Musk’s stake is accurate as of Dec. 14.
  2. Vanguard: 213.02 million shares. Vanguard purchased 8.3 million shares during Q3.
  3. BlackRock (NYSE:BLK): 171.86 million shares. BlackRock purchased 5.75 million shares during Q3.
  4. State Street (NYSE:STT): 99.64 million shares. State Street purchased 4.28 million shares during Q3.
  5. Capital World Investors: 90.16 million shares. Capital World sold 344,888 shares during Q3.

On the date of publication, Eddie Pan didn’t hold (either directly or not directly) any positions within the securities mentioned in this text. The opinions expressed in this text are those of the author, subject to the InvestorPlace.com Publishing Guidelines.

Eddie Pan makes a speciality of institutional investments and insider activity. He writes for InvestorPlace’s Today’s Market team, which centers on the most recent news involving popular stocks.

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