Fiduciary Alliance LLC Lowers Holdings in Tesla, Inc. $TSLA

Fiduciary Alliance LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 9.1% in the first quarter, HoldingsChannel reports. The firm owned 30,199 shares of the electric vehicle producer’s stock after selling 3,007 shares during the quarter. Tesla makes up approximately 0.7% of Fiduciary Alliance LLC’s holdings, making the stock its 29th biggest holding. Fiduciary Alliance LLC’s holdings in Tesla were worth $11,836,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Crestwood Advisors Group LLC boosted its stake in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after buying an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after buying an additional 7,446 shares during the last quarter. Calamos Wealth Management LLC increased its position in Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after purchasing an additional 2,341 shares during the last quarter. Private Capital Advisors Inc. grew its holdings in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after purchasing an additional 12,417 shares during the period. Finally, Wealthquest Corp purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $1,035,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSLA shares. Bank of America began coverage on Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Truist Financial cut their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. TD Cowen restated a “buy” rating and issued a $490.00 price objective on shares of Tesla in a research note on Thursday, June 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $403.07.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts remained constructive on Tesla’s longer-term growth story, with one Seeking Alpha piece upgrading the stock and arguing that two previously speculative “moonshots” are becoming medium-term catalysts. Tesla: 2 Moonshots Have Now Become Medium-Term Catalysts (Rating Upgrade)
• Positive Sentiment: Tesla announced expansion plans in Germany, including higher production at Gigafactory Berlin, which supports the narrative that demand is improving in Europe. Tesla Expands Production In Germany, As VW Cuts 100,000 Jobs
• Positive Sentiment: Tesla also benefited from headlines around its energy business, including a major 16-gigawatt power partnership with Sunrun and Renew Home that could strengthen Tesla Energy’s growth profile. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Neutral Sentiment: Elon Musk’s teaser about a highly advanced next-generation Roadster and other futuristic ambitions may support the long-term story, but it is not an immediate fundamental catalyst. Elon Musk Teases Flying Tesla Roadster With Crazy Tech
• Negative Sentiment: Tesla is facing renewed federal scrutiny after a fatal Model 3 crash, including an NHTSA probe and a separate NTSB investigation, which raises fresh concerns about Full Self-Driving safety. Tesla Under Fresh Scrutiny After Model 3 Crashes Into Home, Killing Woman
• Negative Sentiment: Tesla also settled a lawsuit tied to a fatal Full Self-Driving crash while federal investigations continue, reinforcing investor worries about legal liability and autonomy risk. Tesla settles FSD crash lawsuit as federal investigations continue
• Negative Sentiment: Several market commentaries argued that Tesla remains expensive relative to its current fundamentals, with valuation skepticism and underperformance concerns weighing on sentiment. Tesla Stock Is Having a Bad Week and an Even Worse Month

Tesla Stock Performance

TSLA stock opened at $379.71 on Friday. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The business’s 50-day moving average price is $405.62 and its two-hundred day moving average price is $413.17. The firm has a market cap of $1.43 trillion, a PE ratio of 348.36, a P/E/G ratio of 14.99 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the company earned $0.27 EPS. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by company insiders.

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.