Cherry Tree Wealth Management LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 6,278.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,212 shares of the electric vehicle producer’s stock after buying an additional 1,193 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Tesla were worth $545,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter worth $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the period. Prism Advisors Inc. acquired a new position in Tesla in the fourth quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Tesla during the third quarter valued at about $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred 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 sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,482 shares of company stock worth $21,508,331 in the last quarter. Insiders own 19.90% of the company’s stock.
Tesla Trading Down 1.4%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Robert W. Baird dropped their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. Tigress Financial started coverage on shares of Tesla in a report on Monday, April 27th. They issued a “buy” rating on the stock. Finally, UBS Group raised their price target on shares of Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $395.20.
Read Our Latest Stock Analysis on TSLA
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla was reported to have received authorization in Texas to operate driverless vehicles commercially, a key regulatory step that could move its robotaxi plans closer to launch and support the stock. Tesla (TSLA) Moves Closer to Robotaxi Launch after Texas Driverless Approval
- Positive Sentiment: Counterpoint Research data showed Tesla reclaiming the No. 1 spot in the global battery EV market in Q1 2026, reinforcing its leadership in EVs even as industry growth was modest. Tesla Reclaims No. 1 Position In Global Battery EV Race
- Positive Sentiment: European momentum remained a tailwind, with reports that Tesla EV registrations spiked in Europe and the stock was nearing a buy point, suggesting improving near-term demand trends. Tesla EV Registrations In Europe Spike. The Stock Is Closing In On A Buy Point.
- Neutral Sentiment: Multiple articles and market commentary pointed to Tesla’s huge valuation being tied to future robotaxis, Optimus, and AI products that still feel years away, which keeps sentiment dependent on execution rather than current fundamentals.
- Neutral Sentiment: There was also renewed speculation about a possible Tesla-SpaceX merger, which could be transformative if it ever happened, but remains highly speculative and difficult to value.
- Negative Sentiment: Fresh reports that Tesla’s Texas robotaxi fleet is far smaller than Waymo’s — 42 registered vehicles versus 577 — raised concerns that Tesla is lagging competitors in autonomous deployment. Tesla’s robotaxi fleet in Texas is still playing catch-up to Waymo
- Negative Sentiment: Other coverage said Tesla’s FSD rollout and robotaxi progress were being overshadowed by Waymo’s lead, adding pressure to the company’s autonomous vehicle narrative.
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.
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