Soros Fund Management has significantly increased its exposure to Tesla Inc, raising its shareholding by 63.6% to a total of 86,846 shares. The move was disclosed in a recent filing with the US Securities and Exchange Commission (SEC).

The transaction reflects a notable accumulation of positions by the hedge fund, which is led by George Soros. While the absolute number of shares remains relatively small compared to Tesla’s total outstanding equity, the percentage increase indicates a deliberate adjustment in the fund’s portfolio allocation towards the EV maker.

Filing Details

The disclosure was made through a standard regulatory submission required for institutional investors reporting changes in their holdings. The filing confirms the final position size but does not disclose the specific timing or price at which the additional shares were acquired during the reporting period.

TD Cowen reiterated a Buy rating on Tesla Inc (NASDAQ: TSLA) shares on Friday, maintaining its price target at $460. The reiteration implies approximately 32.76% upside from the stock’s recent trading level of $346.50. Analyst Itay Michaeli described his view as cautiously positive, driven by confidence in Tesla’s autonomous vehicle (AV) strategy, though tempered by the absence of public safety data that would allow direct comparison with competitor Waymo.

The rating update followed a discussion hosted by TD Cowen during its Internet Bus Tour featuring autonomous vehicle expert Alex Roy. Roy identified Tesla and Waymo as the two firms best positioned to scale AV ridesharing nationally. He noted that while Waymo leads in safety and rollout scale, it faces hardware constraints for licensing to automakers. In contrast, Tesla is focused on improving software safety but lacks head-to-head safety data against Waymo.

Roy suggested that rider behavior could favor Tesla over time, predicting younger customers may accept Tesla’s current safety levels as sufficient. He also indicated a roughly five-year window for a leading U.S. company to secure dominant national scale in the sector.

Technical Position

Tesla shares were up 0.07% to $340.21 at the time of publication. Technically, the stock showed signs of stabilization in the short term but faced headwinds over longer horizons.

Shares held above their 20-day simple moving average of $328.87 and traded near their 20-day exponential moving average of $337.65. This support prevented a sharper decline. However, the stock remained significantly below longer-term averages:

The relative strength index (RSI) sat at 45.96, indicating neutral momentum. The stock was neither oversold enough to trigger a bounce nor strong enough to suggest buyer control. Traders identified $355.50 as resistance, aligning with a zone where past rebounds stalled, and $297.50 as support, just above the 52-week low of $297.38.

What the Numbers Show

The divergence between short-term and long-term technical indicators highlights a market in transition. While immediate selling pressure has eased enough for the stock to hold above its 20-day averages, the significant gap below the 50-day and 200-day averages confirms a broader downtrend persists. The neutral RSI reading reinforces this stalemate, suggesting traders are waiting for a decisive break above the $355.50 resistance level before committing to a long-term bullish stance.