Boomfish Wealth Group LLC Boosts Stake in Tesla, Inc. $TSLA

Boomfish Wealth Group LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 111.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,522 shares of the electric vehicle producer’s stock after acquiring an additional 3,436 shares during the period. Boomfish Wealth Group LLC’s holdings in Tesla were worth $2,425,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter worth about $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $26,000. Davidson Capital Management Inc. raised its holdings in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares in the last quarter. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. bought a new stake in Tesla in the 4th quarter worth approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA opened at $411.84 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The stock’s 50 day simple moving average is $406.07 and its 200 day simple moving average is $412.75. The firm has a market cap of $1.55 trillion, a price-to-earnings ratio of 377.83, a PEG ratio of 15.18 and a beta of 1.80. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83.

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. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. As a group, analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSLA. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Tesla in a research note on Friday, June 5th. They set a “buy” rating on the stock. China Renaissance lowered their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Finally, BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $403.07.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on 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 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 position. 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 3,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is owned by insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s FSD V14 Lite rollout and software boost for older cars renewed enthusiasm around its self-driving and robotaxi prospects. Tesla’s stock rips higher after a long-awaited update to self-driving technology
• Positive Sentiment: Strong pre-delivery optimism continues, with Morgan Stanley raising its Q2 delivery estimate on better Europe and China trends. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Bullish sector sentiment and a tech rebound lifted EV stocks broadly, adding momentum to TSLA. TSLA, LCID, RIVN: Here’s Why EV Stocks Are Surging Today
• Neutral Sentiment: Investors are awaiting Tesla’s Q2 delivery report, which remains a key near-term catalyst. Tesla Reports Q2 Deliveries in a Matter of Days. Here’s the Number That Matters.
• Negative Sentiment: Some analysts still say Tesla’s valuation depends on much higher FSD performance, showing continued skepticism around autonomy timelines. Tesla Stock (TSLA) Won’t Beat the Nasdaq Until FSD Hits 99.99%, Analyst Warns

Tesla 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.