Cherry Tree Wealth Management LLC Raises Stake in Tesla, Inc. $TSLA

Key Points

• Cherry Tree Wealth Management boosted its Tesla stake by 6,278.9% in the fourth quarter, ending with 1,212 shares valued at about $545,000.
• Tesla got a potential boost from news that it received Texas authorization to operate driverless vehicles commercially, a step that could help its robotaxi rollout.
• The stock remains heavily watched but debated: analysts currently have a Hold consensus, while recent reports highlighted both Tesla’s EV leadership and concerns that its autonomous vehicle progress still trails Waymo.

Cherry Tree Wealth Management LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6,278.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,212 shares of the electric vehicle producer's stock after acquiring an additional 1,193 shares during the quarter. Cherry Tree Wealth Management LLC's holdings in Tesla were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new stake in shares of Tesla during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. lifted its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares during the last quarter. Prism Advisors Inc. purchased a new stake in shares of Tesla during the 4th quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla was reported to have received authorization in Texas to operate driverless vehicles commercially, a key regulatory step that could move its robotaxi plans closer to launch and support the stock. Tesla (TSLA) Moves Closer to Robotaxi Launch after Texas Driverless Approval
• Positive Sentiment: Counterpoint Research data showed Tesla reclaiming the No. 1 spot in the global battery EV market in Q1 2026, reinforcing its leadership in EVs even as industry growth was modest. Tesla Reclaims No. 1 Position In Global Battery EV Race
• Positive Sentiment: European momentum remained a tailwind, with reports that Tesla EV registrations spiked in Europe and the stock was nearing a buy point, suggesting improving near-term demand trends. Tesla EV Registrations In Europe Spike. The Stock Is Closing In On A Buy Point.
• Neutral Sentiment: Multiple articles and market commentary pointed to Tesla’s huge valuation being tied to future robotaxis, Optimus, and AI products that still feel years away, which keeps sentiment dependent on execution rather than current fundamentals.
• Neutral Sentiment: There was also renewed speculation about a possible Tesla-SpaceX merger, which could be transformative if it ever happened, but remains highly speculative and difficult to value.
• Negative Sentiment: Fresh reports that Tesla’s Texas robotaxi fleet is far smaller than Waymo’s — 42 registered vehicles versus 577 — raised concerns that Tesla is lagging competitors in autonomous deployment. Tesla's robotaxi fleet in Texas is still playing catch-up to Waymo
• Negative Sentiment: Other coverage said Tesla’s FSD rollout and robotaxi progress were being overshadowed by Waymo’s lead, adding pressure to the company’s autonomous vehicle narrative.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,482 shares of company stock worth $21,508,331. 19.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSLA. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. BNP Paribas Exane upgraded shares of Tesla from an "underperform" rating to a "neutral" rating in a research report on Monday, April 27th. Phillip Securities reduced their price objective on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research report on Wednesday, May 13th. HSBC began coverage on shares of Tesla in a research report on Monday, April 27th. They set a "buy" rating for the company. Finally, Truist Financial cut their target price on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a report on Thursday, April 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $395.20.

Tesla Price Performance

TSLA stock opened at $435.79 on Friday. The firm has a 50 day moving average of $391.84 and a 200-day moving average of $416.40. The company has a market cap of $1.64 trillion, a price-to-earnings ratio of 399.81, a PEG ratio of 17.46 and a beta of 1.79. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion for 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 company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. As a group, equities analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal 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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