4,002 Shares in Tesla, Inc. $TSLA Acquired by North Dallas Bank & Trust Co.

Key Points

• North Dallas Bank & Trust Co. initiated a new position in Tesla, buying 4,002 shares worth about $1.8 million in the fourth quarter. Tesla now represents 1.2% of the bank’s portfolio and is its 25th-largest holding.
• Institutional ownership of Tesla remains high, with 66.20% of shares held by institutional investors. The article also notes several smaller funds have recently added Tesla positions.
• Wall Street sentiment remains mixed but generally constructive: analysts have issued several bullish updates, including JPMorgan’s dramatic price-target increase to $475, while Tesla’s latest quarterly results beat EPS estimates but came in slightly below revenue expectations.

North Dallas Bank & Trust Co. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,002 shares of the electric vehicle producer's stock, valued at approximately $1,800,000. Tesla comprises 1.2% of North Dallas Bank & Trust Co.'s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Networth Advisors LLC bought a new position in Tesla during the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. grew its position in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. bought a new position in Tesla during the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in Tesla during the third quarter valued at approximately $31,000. 66.20% of the stock is currently owned by institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan sharply raised its Tesla price target from $145 to $475 and shifted its stance away from a bearish view, arguing that the market is undervaluing Tesla’s potential in autonomy, robotics, energy storage, and infrastructure licensing.
• Positive Sentiment: Reports that Tesla is rolling out unsupervised robotaxis in the Austin metro area are reinforcing the company’s autonomy narrative and supporting optimism about future software-driven revenue growth.
• Positive Sentiment: News that Tesla won approval for FSD expansion in Denmark, along with encouraging Dutch safety results showing fewer crashes, adds credibility to the company’s self-driving push and could help the case for a broader European rollout.
• Positive Sentiment: Tesla CEO Elon Musk’s plans for a SpaceX IPO, combined with widespread speculation about a possible future merger or deeper collaboration between SpaceX and Tesla, have fueled investor excitement around Musk’s broader AI and tech empire.
• Positive Sentiment: Commentary highlighting Tesla’s strong China retail sales and export growth has provided another support point for bulls who see demand still holding up in key international markets.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja sold shares to cover tax withholding obligations related to equity awards, a routine insider transaction that is not necessarily a negative signal for the business.
• Neutral Sentiment: Several articles emphasized Tesla’s valuation debate, with bears still arguing the stock remains expensive versus current earnings, even as bulls focus on long-term growth from robotics and autonomous driving.
• Negative Sentiment: Some traders reported pressure on TSLA as investors rotated out of high-valuation tech names and questioned whether enthusiasm around SpaceX and Musk’s side projects could distract from Tesla’s core execution.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company's stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 the firm's stock in a transaction on 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 sale, the director directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,824 shares of company stock valued at $21,657,588 in the last ninety days. 19.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. The Goldman Sachs Group initiated coverage on shares of Tesla in a research report on Friday. They set a "buy" rating on the stock. Canaccord Genuity Group increased their price target on shares of Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Tigress Financial assumed coverage on shares of Tesla in a research report on Monday, April 27th. They set a "buy" rating on the stock. Finally, Zacks Research raised Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Twenty-two equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Tesla presently has an average rating of "Hold" and an average target price of $404.37.

Tesla Stock Performance

NASDAQ:TSLA opened at $396.68 on Wednesday. The firm has a market cap of $1.49 trillion, a PE ratio of 363.93, a price-to-earnings-growth ratio of 16.15 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The business has a 50 day moving average price of $396.77 and a 200-day moving average price of $416.12.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current year.

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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