Modern Wealth Management LLC Purchases 4,451 Shares of Tesla, Inc. $TSLA

Key Points

• Modern Wealth Management boosted its Tesla (NASDAQ:TSLA) position by 21.7%, buying 4,451 shares to hold 24,951 shares worth roughly $11.10 million per the latest SEC filing.
• Significant insider selling occurred recently — Kimbal Musk sold 56,820 shares and James R. Murdoch sold 60,000 shares, with insiders offloading 145,188 shares (~$64.19 million) in the last three months while still owning ~19.9% of the stock.
• Market context: TSLA opened at $396.73 (down 2.2%), has a market cap of $1.49 trillion and a high P/E (~367); analyst coverage is mixed (consensus "Hold" with a target of $406.84, comprising 19 Buys, 13 Holds and 9 Sells).

Modern Wealth Management LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,951 shares of the electric vehicle producer's stock after acquiring an additional 4,451 shares during the quarter. Modern Wealth Management LLC's holdings in Tesla were worth $11,096,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new position in Tesla during the third quarter valued at approximately $29,000. CoreFirst Bank & Trust bought a new position in Tesla in the second quarter worth approximately $30,000. ESL Trust Services LLC lifted its holdings in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in Tesla during the second quarter worth $32,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Down 2.2%

Shares of TSLA stock opened at $396.73 on Friday. The stock's fifty day moving average price is $425.17 and its 200 day moving average price is $422.66. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 367.34, a price-to-earnings-growth ratio of 11.99 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77.

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

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Higher oil/gas prices make EV ownership relatively more attractive, which could support Tesla vehicle demand and margins in coming months. Oil prices are surging. Will that help Tesla and others sell more EVs?
• Positive Sentiment: February Europe registrations rose ~10% for Tesla in some reporting, showing pockets of demand resilience despite competitive pressure. Tesla's Europe registrations rise 10% in February despite sales drops in key markets
• Positive Sentiment: Bank of America issued a buy/upgrade view on Tesla (along with legacy automakers), citing opportunities such as robotaxi upside that could support a longer‑term recovery in sentiment. BofA Upgrades Ford (F), Tesla (TSLA), and GM (GM) Stock: What Investors Need to Know
• Neutral Sentiment: Tesla filed a new patent suggesting a bold seat design for the next‑gen Roadster — an innovation signal but not an immediate revenue driver. Tesla Patent Points to Bold New Seat Design for Next-Gen Roadster
• Negative Sentiment: BYD unveiled ultra‑fast charging tech (claims of near‑full in ~9 minutes), which threatens Tesla’s Supercharger competitive edge and raises execution/market‑share risk. BYD Needs Just 9 Minutes To Challenge Tesla's Last Great Advantage
• Negative Sentiment: UK sales plunged ~37% year‑over‑year in February, underscoring uneven regional recovery and intensifying competitive pressure from Chinese EV makers. Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows
• Negative Sentiment: Analyst action and option‑market signals are bearish: BNP Paribas/Exane cut TSLA targets and near‑term put premiums are elevated, implying hedging/short interest and potential selling pressure. BNP Paribas Exane Cuts Tesla NASDAQ: TSLA Price Target to $280.00

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 56,820 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director directly owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 145,188 shares of company stock worth $64,193,919. 19.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TSLA shares. Wedbush reiterated an "outperform" rating and issued a $600.00 price target on shares of Tesla in a report on Thursday, January 29th. DZ Bank reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday, January 29th. Barclays reiterated a "neutral" rating on shares of Tesla in a research note on Wednesday. Tigress Financial assumed coverage on shares of Tesla in a report on Thursday, February 12th. They issued a "buy" rating and a $550.00 target price for the company. Finally, New Street Research increased their price target on shares of Tesla from $520.00 to $600.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $406.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.