3,431 Shares in Tesla, Inc. $TSLA Purchased by Flatrock Wealth Partners LLC

Flatrock Wealth Partners LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 1st quarter, HoldingsChannel reports. The firm bought 3,431 shares of the electric vehicle producer’s stock, valued at approximately $1,275,000.

Several other large investors have also modified their holdings of the business. Nicholas Hoffman & Company LLC. boosted its position in Tesla by 24.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,475 shares of the electric vehicle producer’s stock valued at $1,292,000 after acquiring an additional 674 shares in the last quarter. Aljian Capital Management LLC bought a new position in shares of Tesla in the 1st quarter worth $1,382,000. KERR FINANCIAL PLANNING Corp lifted its stake in shares of Tesla by 0.5% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 11,510 shares of the electric vehicle producer’s stock worth $4,327,000 after purchasing an additional 58 shares during the last quarter. American Capital Advisory LLC boosted its position in Tesla by 7.6% during the first quarter. American Capital Advisory LLC now owns 1,465 shares of the electric vehicle producer’s stock valued at $545,000 after purchasing an additional 104 shares in the last quarter. Finally, AK Global Asset Management LLC grew its stake in Tesla by 515.1% in the first quarter. AK Global Asset Management LLC now owns 3,260 shares of the electric vehicle producer’s stock valued at $1,212,000 after purchasing an additional 2,730 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $402.90 on Wednesday. The business has a fifty day moving average of $408.84 and a 200 day moving average of $410.39. Tesla, Inc. has a 1 year low of $293.55 and a 1 year high of $498.83. 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 firm has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 369.63, a price-to-earnings-growth ratio of 16.46 and a beta of 1.80.

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 analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesla in a research report on Tuesday, June 30th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. BTIG Research downgraded shares of Tesla to a “neutral” rating in a research note on Friday, June 5th. Finally, Royal Bank Of Canada upped their price target on Tesla from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $408.52.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 32,015 shares of company stock valued at $12,383,640 in the last ninety days. 19.90% of the stock is owned by corporate insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported Q2 deliveries of 480,126 vehicles, well above estimates, and revenue growth remained solid, reinforcing that demand and execution improved in the latest quarter. Massive News for Tesla Stock Investors!
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, citing optimism around a possible SpaceX merger that could create additional strategic value for Elon Musk’s ecosystem. Veteran Bank Revamps Tesla Stock Price Target on Potential SpaceX Merger
• Positive Sentiment: Tesla expanded its robotaxi service to Miami, its first market outside Texas and California, which adds a new catalyst for the autonomous-driving story that bulls are betting on. Tesla (TSLA) Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Several articles framed Tesla as a stock to watch ahead of its July 22 earnings report, but these pieces were more commentary than new fundamentals.
• Neutral Sentiment: Wall Street continues to split between enthusiasm for Tesla’s AI/robotaxi optionality and skepticism over whether the stock’s premium valuation is already pricing in too much future growth.
• Negative Sentiment: Despite the delivery beat, Tesla’s stock sold off as investors questioned the sustainability of the demand improvement and the market’s reaction suggested the report was not enough to support a higher share price. Tesla’s Delivery Numbers Blew Past Estimates. So Why Isn’t the Stock Rallying?
• Negative Sentiment: Bearish commentary also highlighted Tesla’s rich valuation and said the delivery strength may not be enough to justify the stock’s current multiple. Tesla: Even The Bull Case Doesn’t Justify This Absurd Valuation
• Negative Sentiment: Some coverage also argued Tesla’s self-driving story faces new legal and regulatory pressure after a Texas manslaughter case raised fresh questions about FSD claims. Tesla’s Self-Driving Story Faces New Test

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.