Providence First Trust Co Has $1.26 Million Stock Position in Tesla, Inc. $TSLA

Providence First Trust Co increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 213.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,806 shares of the electric vehicle producer's stock after purchasing an additional 1,911 shares during the quarter. Providence First Trust Co's holdings in Tesla were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Networth Advisors LLC acquired a new position in Tesla in the 4th quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla in the third quarter valued at $29,000. Finally, Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter worth $30,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla 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 sale, the director owned 48,399 shares of the company's stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 80,213 shares of company stock worth $30,851,105. Insiders own 19.90% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Large commercial order: WattEV awarded 370 Tesla Semis for a California freight network — a material fleet deployment that validates Semi demand and supports recurring charging/maintenance revenue assumptions. WattEV to deploy 370 Tesla Semis, launching largest electric-freight network connecting Northern and Central California
• Positive Sentiment: European recovery pockets: registrations rose sharply in Sweden, France, Denmark and the Netherlands in April, helping the revenue outlook outside the U.S. Tesla's European rebound continues in April despite decline in Norway and Spain
• Positive Sentiment: Brand loyalty remains strong in the U.S., supporting repeat demand and aftermarket/service revenue stability. Tesla Brand Recovery? New Survey Shows EV Giant Top Rating For US Loyalty – Palihapitiya Says 'Once You Drive A Tesla…'
• Neutral Sentiment: FSD approval process — mixed implications: Netherlands clearance and interest from Belgium/Flanders broaden the addressable market for supervised FSD, but EU hearings and national caution mean rollout timing and scope remain uncertain. European FSD Decisions Test Tesla Valuation And Software Growth Hopes
• Neutral Sentiment: Symbolic FSD/drive‑mile milestones and PR wins keep the AI/autonomy narrative alive, but regulators and mapping/edge‑case work mean milestones don't translate to immediate revenue. Tesla just hit a ‘symbolic' self-driving milestone. Real-world success will be tougher.
• Neutral Sentiment: High‑profile legal/news items and AI narrative overlap (e.g., OpenAI/Musk trial references) may influence sentiment around Musk/leadership but are not direct operational drivers for Tesla today. OpenAI trial: Brockman rebuts Musk's take on startup's history, recounts secret work for Tesla
• Negative Sentiment: Insider selling: a Tesla director executed sizable, pre‑arranged sales (~26k shares), which can weigh on near‑term sentiment even if under a 10b5‑1 plan. Insider sale SEC filing
• Negative Sentiment: Cash flow and spending risk: analysts note Tesla's free cash flow turned negative as the company ramps investment in FSD, robotics and energy — increasing near‑term margin and FCF pressure. Tesla's Free Cash Flow Goes Negative as It Doubles Down on FSD, Robotics, and Energy
• Negative Sentiment: Product and governance questions: reports showing weak public Cybertruck sales (and a notable share delivered to Musk‑related companies) add demand visibility concerns and potential governance scrutiny. How many Cybertrucks has Tesla sold to the public? Fewer than you might think
• Negative Sentiment: EU regulator skepticism: internal records show some European regulators remain skeptical of Tesla's automated‑driving safety claims, raising the risk of tighter oversight or limits on FSD features in key markets. Tesla faces EU skepticism over automated-driving tech, records show

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $389.41 on Wednesday. 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, Inc. has a one year low of $271.00 and a one year high of $498.83. The business's 50-day moving average price is $382.65 and its two-hundred day moving average price is $418.78. The company has a market capitalization of $1.46 trillion, a P/E ratio of 357.26, a price-to-earnings-growth ratio of 14.94 and a beta of 1.79.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSLA shares. Phillip Securities upped their price target on Tesla from $215.00 to $220.00 and gave the company a "sell" rating in a research report on Monday, April 27th. Wedbush restated an "outperform" rating and set a $600.00 price objective on shares of Tesla in a research report on Tuesday, April 21st. Morgan Stanley set a $415.00 target price on Tesla and gave the company an "equal weight" rating in a report on Thursday, January 29th. DZ Bank raised shares of Tesla from a "sell" rating to a "hold" rating and set a $385.00 price target for the company in a research report on Friday, April 24th. Finally, Piper Sandler restated an "overweight" rating on shares of Tesla in a report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $398.42.

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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