BNC Wealth Management LLC Sells 1,665 Shares of Tesla, Inc. $TSLA

Key Points

• BNC Wealth Management cut its holdings in Tesla by 4.5%, selling 1,665 shares and leaving 35,284 shares worth $15,868,000 — about 4.1% of the firm's portfolio and its sixth‑largest holding.
• Corporate insiders have been net sellers: CFO Vaibhav Taneja sold 2,264 shares and director Kathleen Wilson‑Thompson sold 25,809 shares, with insiders offloading 53,804 shares (~$20.87M) in the quarter while still owning 19.9% of the company.
• Tesla slightly beat Q4 estimates (EPS $0.50 vs $0.45; revenue $24.9B) though revenue fell 3.1% YoY; the stock (market cap ≈ $1.30T, P/E ≈ 320) carries a consensus "Hold" ($400 target) amid mixed catalysts — a potential cheaper EV and ARK buying versus missed Q1 deliveries and inventory worries.

BNC Wealth Management LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,284 shares of the electric vehicle producer's stock after selling 1,665 shares during the quarter. Tesla comprises 4.1% of BNC Wealth Management LLC's portfolio, making the stock its 6th biggest holding. BNC Wealth Management LLC's holdings in Tesla were worth $15,868,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Narwhal Capital Management grew its holdings in Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock valued at $4,232,000 after buying an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock valued at $14,487,000 after buying an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after buying an additional 3,935 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock valued at $8,019,000 after buying an additional 3,724 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Tesla by 20.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 16,565 shares of the electric vehicle producer's stock valued at $7,367,000 after buying an additional 2,765 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA opened at $345.62 on Friday. The stock has a fifty day moving average price of $394.55 and a 200-day moving average price of $425.41. The company has a market cap of $1.30 trillion, a price-to-earnings ratio of 320.02, a PEG ratio of 10.27 and a beta of 1.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $222.79 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSLA. Glj Research reaffirmed a "sell" rating on shares of Tesla in a report on Monday, March 30th. Zacks Research lowered Tesla from a "hold" rating to a "strong sell" rating in a report on Monday, March 30th. Tigress Financial began coverage on Tesla in a report on Thursday, February 12th. They issued a "buy" rating and a $550.00 price objective on the stock. Bank of America began coverage on Tesla in a report on Wednesday, March 4th. They issued a "buy" rating and a $460.00 price objective on the stock. Finally, Stifel Nicolaus set a $508.00 price objective on Tesla in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $400.01.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is reportedly developing a new smaller, cheaper electric SUV — investors see this as a potential volume catalyst that could revive growth after falling deliveries. Some coverage frames the move as a strategic shift toward the mass market. Reuters: Tesla developing new smaller, cheaper EV
• Positive Sentiment: Cathie Wood/ARK continued buying into the dip (multi‑million dollar purchases), which supports retail and momentum flows and can buoy the stock while headline risk persists. Blockonomi: Cathie Wood doubles down on Tesla
• Positive Sentiment: Tesla figures in Terafab/AI chip initiatives alongside Intel, SpaceX and xAI — a narrative that ties Tesla to AI infrastructure upside and attracts investor interest beyond pure automotive metrics. Yahoo Finance: Tesla’s Terafab AI chip push
• Positive Sentiment: New Full Self‑Driving (FSD) software releases and tighter controls on FSD hacks give investors confidence in the autonomy roadmap, a non‑automotive growth thesis that supports higher valuation multiples. TipRanks: Tesla gains as it cracks down on FSD hacks
• Neutral Sentiment: Deutsche Bank trimmed its price target modestly (from $480 to $465) but kept a Buy rating — a small technical adjustment that doesn’t change the overall institutional stance for some investors. MarketScreener: Deutsche Bank adjusts TSLA PT
• Neutral Sentiment: Several outlets note the market is waiting for Tesla’s April 22 earnings; media chatter about a revived cheap model is being priced in ahead of the print, so headlines may move sentiment but fundamentals will be tested at the report. Barchart: Tesla earnings preview
• Negative Sentiment: Tesla missed Q1 delivery expectations and has a sizable inventory build‑up — the core demand signal that prompted recent analyst downgrades and keeps downside risk elevated until deliveries and margins stabilize. Yahoo Finance: Tesla missed Q1 deliveries
• Negative Sentiment: Prominent bearish calls persist: JPMorgan (very low $145 target), GLJ Research and other outfits warn of steep downside tied to inventory, margin pressure from a lower‑cost model and fading options tailwinds — these keep volatility and selling pressure possible. Barchart: JPMorgan maintains bearish view
• Negative Sentiment: Technical and governance headlines (death‑cross on moving averages, scrutiny from legendary short sellers and concerns about Elon Musk’s attention being split by SpaceX/xAI) add to the negative backdrop and can amplify short‑term downside. Benzinga: Death cross, Cathie Wood buys Benzinga: Short‑seller James Chanos watches Tesla

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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