GRIMES & Co WEALTH MANAGEMENT LLC Boosts Stock Position in Tesla, Inc. $TSLA

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its Tesla stake by 21.5% in Q4, adding 2,115 shares to hold 11,941 shares valued at about $5.37 million.
• Tesla faces mixed near-term catalysts: China-made EV sales rose ~36% year‑over‑year in April and the 2026 Model Y met a new NHTSA ADAS benchmark, but the company is recalling ~218,868 U.S. vehicles and faces regulatory/autonomy execution risks.
• Market sentiment is neutral-to-cautious — analysts' consensus is a "Hold" with an average price target of $398.42 — while TSLA trades near $411 with a $1.54 trillion market cap and a high P/E (~377).

GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,941 shares of the electric vehicle producer's stock after purchasing an additional 2,115 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Tesla were worth $5,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. CGC Financial Services LLC lifted its holdings in shares of Tesla by 15.3% during the fourth quarter. CGC Financial Services LLC now owns 444 shares of the electric vehicle producer's stock worth $200,000 after purchasing an additional 59 shares during the period. International Assets Investment Management LLC increased its stake in Tesla by 9.7% in the 4th quarter. International Assets Investment Management LLC now owns 54,090 shares of the electric vehicle producer's stock valued at $24,325,000 after buying an additional 4,790 shares during the period. Diversify Wealth Management LLC raised its position in Tesla by 57.5% during the 4th quarter. Diversify Wealth Management LLC now owns 18,311 shares of the electric vehicle producer's stock worth $8,189,000 after buying an additional 6,686 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in shares of Tesla by 0.9% in the 4th quarter. Generali Asset Management SPA SGR now owns 236,885 shares of the electric vehicle producer's stock worth $106,532,000 after acquiring an additional 2,029 shares during the period. Finally, Vantage Financial Partners LLC boosted its holdings in shares of Tesla by 5.2% in the fourth quarter. Vantage Financial Partners LLC now owns 1,566 shares of the electric vehicle producer's stock valued at $704,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China deliveries swung strongly positive — China-made EV sales rose ~36% year-over-year in April (sixth straight month of gains), boosting confidence that Tesla is defending share in its largest market. Tesla's China-made EV sales rise 36% in April, year-on-year
• Positive Sentiment: Safety milestone: the 2026 Model Y was named the first vehicle to meet the NHTSA’s new advanced driver-assistance benchmark — a regulatory/consumer confidence positive for FSD-related deployments and sales. Tesla Model Y is first car to meet new U.S. driver assistance safety benchmark
• Positive Sentiment: Commercial traction: WattEV placed a 370-unit order for Tesla Semis — a sizable fleet commitment that supports Semi commercialization and future recurring revenue from fleet customers. WattEV orders 370 Tesla Semis in record California EV deployment
• Neutral Sentiment: Terafab/chips: Elon Musk’s broader chip-fab plans (Terafab) could be strategically positive for Tesla’s supply chain long-term, but size, timeline and funding create uncertainty in the near term. Elon Musk's Terafab chip factory in Texas could cost up to $119 billion
• Negative Sentiment: Recall risk: Tesla is recalling ~218,868 U.S. vehicles for delayed rearview camera images — a safety/operational headline that pressured shares earlier this week even though investors treated it as fixable via software. Tesla to recall over 218,800 U.S. vehicles on rearview image issue
• Negative Sentiment: Autonomy/regulatory risk: European regulatory roadblocks and skepticism around the timing and economics of robotaxis/Optimus continue to pose execution risk for Tesla’s higher-valuation autonomy thesis. Tesla’s FSD push in Europe hits roadblocks - report
• Negative Sentiment: Bear case commentary: some analysts and columnists argue Tesla’s comeback/autonomy story is uncertain, adding near-term pessimism for value investors focused on fundamentals versus narrative. Sell Tesla Because It Is An Unlikely Comeback Story

Tesla Stock Performance

TSLA opened at $411.27 on Friday. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The stock has a market cap of $1.54 trillion, a P/E ratio of 377.31, a P/E/G ratio of 15.17 and a beta of 1.79. The stock's 50 day simple moving average is $382.66 and its 200 day simple moving average is $418.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla's revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on TSLA shares. Barclays reissued a "neutral" rating on shares of Tesla in a report on Thursday, April 23rd. Wells Fargo & Company dropped their target price on Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research report on Thursday, January 29th. BNP Paribas Exane raised Tesla from an "underperform" rating to a "neutral" rating in a research note on Monday, April 27th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, April 23rd. Finally, China Renaissance dropped their price objective on Tesla from $382.00 to $372.00 and set a "hold" rating on the stock in a report on Monday, April 27th. Nineteen 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 stock. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and an average price target of $398.42.

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction that occurred on 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 directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 80,213 shares of company stock worth $30,851,105 over the last quarter. Company insiders own 19.90% of the company's stock.

About Tesla

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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