Palatine Hill Wealth Management LLC Acquires New Position in Tesla, Inc. $TSLA

Key Points

• Palatine Hill Wealth Management LLC opened a new position in Tesla during the fourth quarter, buying 6,395 shares valued at about $2.88 million. Tesla now makes up roughly 2.3% of the firm’s portfolio and ranks as its ninth-largest holding.
• Institutional ownership in Tesla remains high, with 66.20% of shares held by institutions and hedge funds. Several other firms also modestly increased their Tesla stakes in recent quarters.
• Analyst sentiment is mixed: the stock currently has a Hold consensus rating with a consensus price target of $395.20. Tesla’s latest earnings beat EPS expectations, but revenue came in below estimates.

Palatine Hill Wealth Management LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,395 shares of the electric vehicle producer's stock, valued at approximately $2,876,000. Tesla comprises approximately 2.3% of Palatine Hill Wealth Management LLC's portfolio, making the stock its 9th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PFS Partners LLC lifted its stake in Tesla by 4.2% in the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer's stock valued at $265,000 after acquiring an additional 24 shares during the last quarter. Presidio Capital Management LLC lifted its stake in Tesla by 0.6% in the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer's stock valued at $1,777,000 after acquiring an additional 25 shares during the last quarter. Journey Advisory Group LLC lifted its stake in Tesla by 0.7% in the third quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer's stock valued at $1,518,000 after acquiring an additional 25 shares during the last quarter. Boltwood Capital Management lifted its stake in Tesla by 1.2% in the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer's stock valued at $953,000 after acquiring an additional 25 shares during the last quarter. Finally, Woodmont Investment Counsel LLC lifted its stake in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer's stock valued at $955,000 after acquiring an additional 25 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. China Renaissance reduced their target price on shares of Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a research note on Monday, April 27th. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Tesla in a research note on Wednesday, April 22nd. Roth Mkm reiterated a "buy" rating on shares of Tesla in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Tesla in a research note on Monday, April 27th. Finally, Phillip Securities reduced their price objective on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Wednesday, May 13th. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $395.20.

Tesla Price Performance

NASDAQ:TSLA opened at $423.74 on Wednesday. The stock has a market cap of $1.59 trillion, a P/E ratio of 388.75, a PEG ratio of 16.42 and a beta of 1.80. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83. The company has a fifty day moving average price of $392.55 and a 200 day moving average price of $416.03. 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 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. The firm had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 39.4% in May, extending six straight months of growth and signaling resilience despite intense competition from Chinese automakers. Reuters: Tesla's Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: Tesla also saw a sharp rebound in several European markets, including a major jump in France registrations and stronger Model Y demand, which supports hopes for a Q2 delivery beat. Reuters: Tesla May registrations jump in several European markets
• Positive Sentiment: Investor optimism improved after Elon Musk highlighted how small Tesla’s IPO valuation was relative to today’s market cap, reinforcing the company’s long-term growth narrative and helping the shares bounce. Yahoo Finance: Tesla’s IPO Was One of the Greatest Ever
• Positive Sentiment: Reports that Estonia cleared Tesla’s FSD driver-assistance system for use could modestly bolster confidence in Tesla’s autonomy roadmap and international acceptance of its software. Insider Monkey: Estonia clears Tesla’s FSD system for use
• Neutral Sentiment: Heavy trading around Tesla’s rumored ties to SpaceX, including speculation about a merger or IPO-related “Musk premium,” is driving volatility but remains highly speculative and not directly tied to Tesla’s fundamentals. Benzinga: What Happens To TSLA If It Merges With SpaceX?
• Neutral Sentiment: News that Tesla withdrew a termination notice on its graphite supply deal with Syrah Resources reduces supply-chain uncertainty, but the issue appears to be settling rather than creating a major new catalyst. Reuters: Tesla withdraws termination notice on graphite supply deal
• Negative Sentiment: Tesla faces rising competition in humanoid robotics and AI, with OpenAI and Nvidia both moving into areas that overlap with Tesla’s Optimus ambitions, raising concern about future growth optionality. Benzinga: Nvidia is taking on Tesla in the humanoid robot race
• Negative Sentiment: Articles warning that a potential SpaceX-Tesla combination could be value-destructive are adding pressure by suggesting the market may be overestimating the “Musk premium” embedded in TSLA. TipRanks: Potential SpaceX and Tesla merger blasted as value destroying
• Negative Sentiment: New concerns about Tesla’s robotaxi program and litigation risk, including scrutiny under Texas legislation and a China FSD lawsuit, could weigh on sentiment around autonomy monetization. Yahoo Finance: Tesla faces China FSD lawsuit

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 business's stock in a transaction 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,482 shares of company stock worth $21,508,331 in the last three months. Insiders own 19.90% of the company's stock.

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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