1,256 Shares in Tesla, Inc. $TSLA Acquired by Platt Wealth Management LLC

Key Points

• Platt Wealth Management initiated a new position in Tesla during the fourth quarter, buying 1,256 shares valued at about $564,000. Tesla now makes up roughly 0.6% of the firm’s portfolio and is its 26th-largest holding.
• Tesla shares were up 2.0% and last traded at $426.01, with the company sporting a market cap of about $1.6 trillion. The stock remains volatile, trading well above its 52-week low but below its high.
• In its latest quarterly report, Tesla beat earnings estimates with EPS of $0.41, though revenue came in slightly below expectations at $22.39 billion. Analysts currently have a mixed view, with a consensus rating of Hold and an average price target of $395.20.

Platt Wealth Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,256 shares of the electric vehicle producer's stock, valued at approximately $564,000. Tesla accounts for about 0.6% of Platt Wealth Management LLC's investment portfolio, making the stock its 26th largest position.

Several other large investors have also added to or reduced their stakes in the business. Networth Advisors LLC bought a new position in Tesla in the fourth quarter worth approximately $26,000. Chapman Financial Group LLC bought a new position in Tesla in the second quarter worth approximately $26,000. Davidson Capital Management Inc. boosted its holdings in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Prism Advisors Inc. bought a new position in Tesla in the fourth quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in Tesla in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 2.0%

TSLA stock opened at $426.01 on Friday. Tesla, Inc. has a twelve month low of $273.21 and a twelve month 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. The stock's 50 day moving average is $387.76 and its 200-day moving average is $416.91. The firm has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a P/E/G ratio of 16.50 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The company 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%.Tesla's revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was 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 directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, 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 ownership of the stock. 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 have sold 83,213 shares of company stock valued at $32,201,105 over the last ninety days. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird cut their price target on Tesla from $538.00 to $522.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Wells Fargo & Company cut their price target on Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a report on Thursday, January 29th. President Capital increased their price target on Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Phillip Securities cut their price target on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group increased their price target on Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $395.20.

About Tesla

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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