Truist Securities maintained coverage of Tesla (NASDAQ:TSLA) with a Hold recommendation. The average one-year price target for Tesla is 209.49, representing a 28.07% downside from its latest closing price of 291.26. The projected annual revenue for Tesla is 118,517MM, with a non-GAAP EPS of 5.70.

There are 4074 funds reporting positions in Tesla, an increase of 220 owners or 5.71% in the last quarter. The put/call ratio of TSLA is 0.83, indicating a bullish outlook. Institutional ownership of Tesla decreased by 0.03% to 1,552,028K shares in the last three months.

Top shareholders include Vanguard Total Stock Market Index Fund Investor Shares, Ofi Invest Asset Management, Vanguard 500 Index Fund Investor Shares, Geode Capital Management, and Capital World Investors. These firms hold varying percentages of ownership in Tesla, with increasing portfolio allocations.

Tesla’s mission is to accelerate the world’s transition to sustainable energy. Known for its high-performance electric vehicles and energy products, Tesla aims to lead the shift towards a sustainable energy platform. The company offers a range of vehicles, including the Model S, Model X, and Model 3, along with solar, storage, and grid services.

For more information, you can read the full story on Fintel’s website. Please note that the views expressed in this summary are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

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