Tesla, Inc. $TSLA Position Increased by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 41.4% in the 4th quarter, Holdings Channel reports. The firm owned 58,711 shares of the electric vehicle producer’s stock after purchasing an additional 17,178 shares during the quarter. Wealthspire Advisors LLC’s holdings in Tesla were worth $26,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter valued at $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in Tesla during the third quarter valued at $30,000. Prism Advisors Inc. bought a new stake in Tesla during the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in Tesla during the third quarter valued at $31,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group upped their price target on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Phillip Securities lowered their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. President Capital upped their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wedbush restated an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. Finally, Piper Sandler restated an “overweight” rating on shares of Tesla in a research report on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $404.37.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 57,824 shares of company stock valued at $21,657,588 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $406.43 on Friday. The company has a market capitalization of $1.53 trillion, a P/E ratio of 372.87, a PEG ratio of 15.96 and a beta of 1.80. The company has a 50-day simple moving average of $398.35 and a 200 day simple moving average of $416.01. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.