Kercheville Advisors LLC Trims Stock Position in Tesla, Inc. $TSLA

Key Points

• Kercheville Advisors LLC cut its Tesla stake by 13.9% in the first quarter, selling 2,550 shares and leaving it with 15,815 shares valued at about $5.88 million.
• Tesla’s latest quarterly results beat EPS expectations, posting $0.41 per share versus the $0.39 consensus, though revenue of $22.39 billion came in below forecasts.
• Institutional ownership remains heavy, with hedge funds and institutions holding 66.20% of Tesla stock, while analyst sentiment stays mixed with an average Hold rating and a $403.07 price target.

Kercheville Advisors LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,815 shares of the electric vehicle producer's stock after selling 2,550 shares during the quarter. Tesla makes up approximately 1.9% of Kercheville Advisors LLC's holdings, making the stock its 18th largest holding. Kercheville Advisors LLC's holdings in Tesla were worth $5,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Vanguard Group Inc. raised its stake in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. State Street Corp increased its holdings in shares of Tesla by 0.9% during the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock worth $51,647,164,000 after buying an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after buying an additional 375,946 shares during the period. Capital World Investors raised its position in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the period. Finally, Norges Bank acquired a new position in Tesla in the fourth quarter valued at $17,128,100,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

TSLA stock opened at $375.12 on Friday. The stock's 50 day moving average is $405.86 and its two-hundred day moving average is $413.41. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The company has a market capitalization of $1.41 trillion, a PE ratio of 344.15, a P/E/G ratio of 15.01 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the prior year, the business posted $0.27 EPS. The business's revenue was up 15.8% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced a major energy partnership with Sunrun and Renew Home to aggregate more than 16 gigawatts of flexible residential power capacity, positioning Tesla’s battery and software ecosystem as a potential solution for AI data-center power needs. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Positive Sentiment: The Trump administration proposed easing federal AV rules by allowing vehicles designed for automated driving to skip brake pedals, which could help Tesla’s robotaxi and FSD ambitions if adopted. Trump admin proposes axing brake pedal requirement for AVs in a boost for Tesla
• Positive Sentiment: Reports also said Giga Berlin is preparing to raise weekly output to 7,500 vehicles in October, signaling improving demand and production momentum in Europe. TSLA Stock Dips — Tesla Gears Up To Ramp European Production To 7,500 Vehicles Per Week Amid FSD Push
• Neutral Sentiment: Several commentary pieces argued that Tesla’s energy division and robotics strategy could become important long-term growth engines, but these views are speculative and do not change near-term fundamentals. Down 14%, Is Tesla a Good Buy Now?
• Neutral Sentiment: JPMorgan reiterated a neutral stance, underscoring that some analysts remain cautious even with Tesla’s autonomy and energy optionality. Tesla: JP Morgan Gives a Neutral Rating
• Negative Sentiment: Tesla is facing a wrongful-death lawsuit tied to a fatal Texas crash involving Autopilot/FSD, and the NTSB has opened a probe, increasing legal and reputational risk around its driver-assistance systems. Tesla sued over fatal Texas crash linked to Autopilot
• Negative Sentiment: Tesla has also been hit by broader skepticism over its valuation and execution, with one analysis arguing the stock would need an unrealistically high return on assets to justify its price. Tesla Stock Data

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,824 shares of company stock worth $21,657,588 over the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on TSLA shares. Canaccord Genuity Group boosted their price objective on shares of Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Jefferies Financial Group lifted their price objective on shares of Tesla from $350.00 to $375.00 and gave the company a "hold" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on shares of Tesla in a research report on Friday, June 5th. They set a "buy" rating on the stock. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Tesla in a research note on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $403.07.

Tesla Company 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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