Riverbridge Partners LLC Has $45.22 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Riverbridge Partners LLC trimmed its Tesla stake by 8.5% in the first quarter, selling 11,299 shares and ending with 121,640 shares valued at about $45.22 million.
• Tesla’s latest earnings beat EPS expectations with $0.41 per share versus $0.39 expected, though revenue of $22.39 billion came in slightly below estimates. Revenue still rose 15.8% year over year.
• Wall Street remains mixed on Tesla, with analysts split between Buy, Hold, and Sell ratings and an average target price of $405.06, while new NHTSA scrutiny and a Texas crash lawsuit add regulatory and legal pressure.

Riverbridge Partners LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,640 shares of the electric vehicle producer's stock after selling 11,299 shares during the quarter. Riverbridge Partners LLC's holdings in Tesla were worth $45,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TSLA. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% in the fourth 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 lifted its holdings 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 buying an additional 931 shares in the last quarter. Bison Wealth LLC boosted its position in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after buying an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Tesla by 9.1% in the 2nd 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 during the period. Finally, AGP Franklin LLC increased its stake in shares of Tesla by 21.2% in the 2nd 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.

Tesla Price Performance

Tesla stock opened at $375.53 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.41 trillion, a P/E ratio of 344.52, a PEG ratio of 15.25 and a beta of 1.80. The business has a 50-day moving average of $405.64 and a 200-day moving average of $413.97. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a "buy" rating and set a $490.00 price target on shares of Tesla in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Tesla in a research report on Friday, June 5th. They set a "buy" rating on the stock. Canaccord Genuity Group raised their target price on shares of Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Phillip Securities lowered their price target on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average target price of $405.06.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced new battery-storage partnerships with NatPower in Europe, including a multi-year plan to deploy more than 25 GWh across Italy and the U.K., reinforcing its energy-storage growth opportunity. Tesla NatPower strike battery storage deal in Italy, UK
• Positive Sentiment: Tesla’s energy business got more attention after a Sunrun partnership was announced to help power AI data centers, highlighting Tesla’s role in large-scale distributed energy solutions. Solar Stock Soars On Power Pact With Tesla For AI Data Centers
• Neutral Sentiment: Analysts and investors are watching Tesla’s upcoming second-quarter delivery report closely, since it could reset expectations for demand after a difficult first half of the year. Tesla Stock: Q2 Deliveries in Focus, but Do They Matter? UBS Weighs In
• Neutral Sentiment: JPMorgan reaffirmed a neutral rating on Tesla, suggesting Wall Street remains cautious while waiting for clearer evidence on growth and margins. Tesla had its "neutral" rating reaffirmed by JPMorgan Chase & Co.
• Negative Sentiment: Tesla faces a fresh NHTSA investigation and a lawsuit tied to a fatal Texas crash involving its driver-assistance technology, adding regulatory and legal overhang to the stock. Tesla sued over fatal Texas crash linked to Autopilot
• Negative Sentiment: Several commentaries highlighted growing skepticism around Tesla’s recent weakness, with concerns about technical damage, global EV price wars, and broader market pressure on high-multiple tech stocks. Tesla stock slips as investors eye deliveries data and SpaceX merger buzz

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock in a transaction dated 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 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. Over the last quarter, insiders sold 57,824 shares of company stock worth $21,657,588. Company insiders own 19.90% of the company's stock.

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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