1,846 Shares in Tesla, Inc. $TSLA Bought by Wealth Care LLC

Key Points

• Wealth Care LLC opened a new position in Tesla during the first quarter, buying 1,846 shares valued at about $686,000.
• Institutional ownership in Tesla remains high, with hedge funds and other investors holding about 66.2% of the stock. Several other funds also added or initiated positions in recent quarters.
• Analysts are mixed on Tesla: the stock carries a consensus “Hold” rating and an average price target of $403.07, while recent earnings showed $0.41 EPS on $22.39 billion in revenue, beating profit estimates but missing on sales.

Wealth Care LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,846 shares of the electric vehicle producer's stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Networth Advisors LLC bought a new position in Tesla during the 4th quarter valued at about $26,000. Davidson Capital Management Inc. lifted its stake 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 purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. bought a new position in shares of Tesla during the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Tesla in a research note on Tuesday. HSBC restated a "hold" rating on shares of Tesla in a report on Monday, June 15th. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research note on Monday. Barclays reiterated a "neutral" rating on shares of Tesla in a report on Wednesday, May 13th. Finally, DZ Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating and set a $385.00 target price on the stock in a research note on Friday, April 24th. Twenty-one analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $403.07.

Tesla Stock Performance

Shares of Tesla stock opened at $425.30 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock's fifty day moving average price is $407.13 and its 200-day moving average price is $412.38. The firm has a market cap of $1.60 trillion, a P/E ratio of 390.18, a P/E/G ratio of 16.72 and a beta of 1.80. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The company's quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began rolling out a long-awaited FSD v14 Lite update, seen as meaningful progress for its autonomy thesis and a positive proof point for the company’s software-led growth narrative. Tesla Stock Surges 15% as FSD Update Backs Its Autonomy Thesis
• Positive Sentiment: Investors are positioning ahead of Tesla’s Q2 delivery release, with analysts expecting a rebound and stronger overseas demand, especially in Europe, supporting expectations for a solid print. Tesla Q2 Deliveries Due Later This Week. Stock Gains On Newest FSD Update.
• Positive Sentiment: European registrations climbed in June, reinforcing the view that international demand is offsetting weakness in the U.S. market and could help Tesla beat delivery expectations. Tesla European registrations climb in June
• Neutral Sentiment: Retail-trader enthusiasm remains high, with Tesla’s price crossing a “meme” level that could attract more speculative buying, but this is more of a trading catalyst than a fundamental change. Tesla (TSLA) Retail Traders May Get Fired Up as Stock Crosses $420
• Negative Sentiment: Michael Burry disclosed new short positions against Tesla, adding a high-profile bearish headline that reinforces concerns about valuation and execution risk. ‘Big Short’ Investor Michael Burry Reveals Tesla, Nvidia Shorts, Says Chip Boom Is ‘Beginning of the End’
• Negative Sentiment: California’s new EV incentives appear to favor Tesla rivals like Rivian and Lucid, potentially pressuring Tesla’s U.S. demand outlook at the margin. California vs. Elon Musk: Tesla Snubbed as New EV Incentives Boost Rivian, Lucid
• Negative Sentiment: BYD’s continued recovery and expanding global sales raise competitive pressure, reviving concerns that Tesla could lose ground in the global EV race. Tesla Stock (TSLA) Falls as Archrival BYD Extends Sales Recovery

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The shares were 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 $18,300,145.89. The trade was 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 3,000 shares of the stock in a transaction 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 in the company, valued at $8,147,700. This trade represents 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 three months. 19.90% of the stock is currently owned by 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.

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