NewEdge Wealth LLC Has $35.70 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• NewEdge Wealth LLC increased its Tesla stake by 38% in the fourth quarter, bringing its holdings to 79,372 shares worth about $35.7 million.
• Several other institutional investors also adjusted their Tesla positions, and overall institutional ownership stands at 66.20% of the stock.
• Analyst views remain mixed: Tesla’s consensus rating is currently “Hold” with a consensus price target of $398.42, while recent insider selling included a large sale by director Kathleen Wilson-Thompson.

NewEdge Wealth LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,372 shares of the electric vehicle producer's stock after buying an additional 21,845 shares during the quarter. NewEdge Wealth LLC's holdings in Tesla were worth $35,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC raised its holdings in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares during the period. Sivia Capital Partners LLC lifted its stake in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock valued at $3,855,000 after buying an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC boosted its holdings in shares of Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock valued at $1,544,000 after buying an additional 851 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler restated an "overweight" rating on shares of Tesla in a report on Thursday, January 29th. JPMorgan Chase & Co. reaffirmed a "sell" rating on shares of Tesla in a research note on Wednesday, April 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. Robert W. Baird dropped their price target on Tesla from $538.00 to $522.00 and set an "outperform" rating on the stock in a research note on Friday, April 24th. Finally, Canaccord Genuity Group boosted their price target on Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $398.42.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 that occurred 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 80,213 shares of company stock worth $30,851,105. 19.90% of the stock is owned by company insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 36% in April, extending a six-month rebound and easing concerns about weakening demand in one of its key markets. Reuters: Tesla's China-made EV sales rise 36% in April, year-on-year
• Positive Sentiment: Tesla landed a record $100 million deal for 370 Semi trucks, signaling real commercial demand for the company’s truck platform. Zacks: Tesla Lands Record $100M Deal for 370 Semi Trucks in California
• Positive Sentiment: The 2026 Model Y passed new U.S. driver-assistance system tests, reinforcing Tesla’s autonomy and safety story. Reuters: Tesla Model Y is first vehicle to pass new US driver assistance system tests
• Neutral Sentiment: Tesla filed a new Roadster trademark, adding to speculation around a long-awaited future product reveal. Business Insider: Tesla filed a trademark for a new Roadster logo ahead of the EV's long-awaited reveal
• Neutral Sentiment: Analysts trimmed some Tesla earnings estimates, but the changes were modest and did not materially alter near-term expectations. MarketBeat Tesla coverage
• Negative Sentiment: Tesla is still facing a large recall tied to rearview camera image delays, which could raise quality concerns even if investors are currently looking past it. Fox Business: Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk

Tesla Stock Performance

Shares of TSLA opened at $428.35 on Friday. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 392.98, a PEG ratio of 16.31 and a beta of 1.79. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83. The firm has a fifty day simple moving average of $382.66 and a 200 day simple moving average of $418.37. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business earned $0.27 EPS. The company's revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 1.25 EPS for the current fiscal year.

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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