Pitcairn Builds its Long Position in TSLA Stock

According to a recent Form 13F filing submitted to the SEC, Pitcairn Company disclosed a noteworthy and bullish investment in TSLA stock. Here’s what you need to know about Tesla, Inc., as well as Pitcairn Company and their long position in shares of TSLA stock:

About Pitcairn Company

Founded in 1923, Jenkintown, Pennsylvania-based Pitcairn Company is a multi-family office with nearly a century of experience, and offices in Philadelphia, New York, and Washington, DC.

About Tesla, Inc. (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.

Pitcairn Company Buys Stock in TSLA

According to the most recent 13F filed by Pitcairn Company, the firm added 1,034 shares of TSLA stock to it holdings in the recent quarter. That brings their total long position in Tesla, Inc. to 13,103 shares, representing approximately 0.0004% of the 3,157,749,904 TSLA shares outstanding. Based on the most recent closing price of $195.97 per share of TSLA, the entire Pitcairn Company position in Tesla, Inc. is worth roughly $2,567,794.91.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Pitcairn Company. Also be sure to check out more recent 13F filing analysis news here.