Comerica Bank Sells 18,273 Shares of Tesla, Inc. $TSLA

Key Points

• Comerica Bank trimmed its Tesla stake by 4.8%, selling 18,273 shares and holding 358,971 shares worth about $161.4 million (0.6% of its portfolio) at the end of the quarter.
• Tesla beat Q1 EPS estimates ($0.41 vs. $0.39) but missed revenue expectations ($22.39B vs. $22.96B) as revenue rose 15.8% year‑over‑year, with analysts forecasting roughly 1.35 EPS for the year.
• Insider and market concerns: insiders sold 53,804 shares (~$20.9M) over the last three months, institutional ownership stands at 66.2%, and investors are wary of a ~$25B 2026 capex plan and 304M registered shares that could increase dilution amid mixed analyst targets (average $398.42).

Comerica Bank decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 358,971 shares of the electric vehicle producer's stock after selling 18,273 shares during the period. Tesla comprises 0.6% of Comerica Bank's portfolio, making the stock its 25th biggest position. Comerica Bank's holdings in Tesla were worth $161,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Networth Advisors LLC bought a new stake in Tesla in the 4th quarter valued at approximately $26,000. Davidson Capital Management Inc. raised its stake 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 purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the 3rd quarter worth approximately $30,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla during the 3rd quarter worth approximately $29,000. Finally, Prism Advisors Inc. bought a new stake in shares of Tesla during the 4th quarter worth approximately $30,000. Institutional investors own 66.20% of the company's stock.

Tesla Stock Up 0.6%

TSLA stock opened at $378.67 on Tuesday. 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 firm has a market capitalization of $1.42 trillion, a PE ratio of 347.40, a PEG ratio of 13.29 and a beta of 1.91. Tesla, Inc. has a 1-year low of $270.78 and a 1-year high of $498.83. The business's 50 day simple moving average is $385.16 and its 200 day simple moving average is $420.14.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 1.35 EPS for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bullish technical trigger and momentum trade lifted shares intraday — a key trading signal near $366.53 preceded a sharp rally. Tesla Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Investor thesis still anchored on Tesla’s AI/robotics and chip investments as long‑term value drivers — increased R&D/capex is framed as positioning Tesla for “physical AI” leadership. TESLA (TSLA) To Boost Investments in AI, Robotics and Chips
• Positive Sentiment: Product execution milestones (Optimus/robotaxi/Cybercab entering production) remain potential multi‑year catalysts if commercialization timelines hold. Better Later Than Never? Tesla Stock Hangs in the Crosshairs as Cybercab Finally Enters Production
• Neutral Sentiment: Elon Musk’s plan to roll out X Money could create new revenue streams but faces regulatory hurdles and is a longer‑term unknown. Tesla CEO Musk Nears Launch of X Money
• Neutral Sentiment: Wall Street is deeply split on valuation — new analyst targets range from $220 to $428, which increases short‑term volatility. Wall Street Can’t Agree on Tesla: New Analyst Targets Range From $220 to $428
• Negative Sentiment: Investors alarmed by a ~$25B 2026 capex plan (near‑term free cash flow headwind) — that spending outlook is a core reason shares fell despite a Q1 EPS beat. Investors Are Panicking About $25 Billion in Spending at Tesla, but the SpaceX IPO Could Mean It Doesn’t Even Matter
• Negative Sentiment: 304 million shares from Musk’s 2018 compensation are now registered — the block’s availability raises dilution/selling‑pressure concerns. Elon Musk is about to get a lot richer, as Tesla fulfills 2018 compensation plan
• Negative Sentiment: Self‑driving (FSD) setbacks and negative owner reactions are a reputational and regulatory risk that undercut a key high‑margin future revenue narrative. Tesla: What Most Don't Know About FSD

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the business's stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the transaction, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,804 shares of company stock worth $20,865,598 over the last three months. 19.90% of the stock is owned by insiders.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Tuesday, April 21st. China Renaissance dropped their price objective on Tesla from $382.00 to $372.00 and set a "hold" rating on the stock in a research note on Monday. Wedbush reiterated an "outperform" rating and set a $600.00 price objective on shares of Tesla in a research note on Tuesday, April 21st. Wells Fargo & Company dropped their price objective on Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a research note on Monday. Nineteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $398.42.

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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