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BCS Wealth Management Buys 1,834 Shares of Tesla, Inc. $TSLA

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Key Points

  • BCS Wealth Management raised its Tesla stake by 106.1% in Q4, buying 1,834 shares to hold 3,562 shares worth about $1.602 million per its SEC filing.
  • Positive catalysts — including a UBS upgrade, Elon Musk's announcement of an AI5 chip tape‑out, FSD software updates and Dutch regulatory approval — helped lift TSLA about 7.6%, though near‑term risks remain ahead of the April 22 earnings call.
  • Insiders sold 53,804 shares totaling roughly $20.9 million (including a director sale of 25,809 shares), and analysts remain mixed with a consensus "Hold" and an average price target near $398.61.
  • Five stocks we like better than Tesla.

BCS Wealth Management raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 106.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,562 shares of the electric vehicle producer's stock after purchasing an additional 1,834 shares during the period. BCS Wealth Management's holdings in Tesla were worth $1,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Networth Advisors LLC purchased a new position in Tesla during the fourth quarter worth about $26,000. Turning Point Benefit Group Inc. purchased a new position in Tesla in the third quarter valued at about $30,000. Manning & Napier Advisors LLC purchased a new position in Tesla in the third quarter valued at about $29,000. Prism Advisors Inc. purchased a new position in Tesla in the fourth quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla in the third quarter valued at approximately $31,000. 66.20% of the stock is owned by institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm's stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. President Capital lowered their price target on shares of Tesla from $500.00 to $424.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company decreased their target price on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a report on Thursday, January 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a report on Tuesday, January 27th. Zacks Research lowered shares of Tesla from a "hold" rating to a "strong sell" rating in a report on Monday, March 30th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price target on shares of Tesla in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $398.61.

View Our Latest Stock Report on Tesla

Tesla Trading Up 7.6%

Shares of TSLA opened at $391.95 on Thursday. The stock has a market capitalization of $1.47 trillion, a P/E ratio of 362.92, a PEG ratio of 11.32 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $390.09 and a two-hundred day simple moving average of $423.42. Tesla, Inc. has a twelve month low of $222.79 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion for the quarter, compared to analysts' expectations of $24.75 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. Tesla's quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company Profile

(Free Report)

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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Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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