S Harris Financial Group LLC Invests $714,000 in Tesla, Inc. $TSLA

Key Points

• S Harris Financial Group LLC disclosed a new position in Tesla during the fourth quarter, buying 1,587 shares worth about $714,000.
• Institutional ownership remains high, with the article noting that 66.20% of Tesla’s stock is held by hedge funds and other institutional investors.
• Analysts are mixed on Tesla: the consensus rating is “Hold” with an average price target of $404.37, while recent reports from firms like Bank of America and JPMorgan show continued interest and shifting views on the stock.

S Harris Financial Group LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,587 shares of the electric vehicle producer's stock, valued at approximately $714,000.

Other large investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $26,000. Davidson Capital Management Inc. boosted its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 27 shares in the last quarter. Prism Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter worth $30,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Tesla in a report on Wednesday, March 4th. They issued a "buy" rating and a $460.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Tesla from an "underweight" rating to a "neutral" rating and increased their price target for the company from $145.00 to $475.00 in a report on Friday, June 5th. Citigroup reiterated a "neutral" rating on shares of Tesla in a research note on Tuesday. Jefferies Financial Group reissued a "neutral" rating on shares of Tesla in a report on Wednesday, April 22nd. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Tesla in a research report on Monday, June 1st. Twenty-one analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $404.37.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $400.49 on Friday. The firm's 50-day moving average is $403.33 and its two-hundred day moving average is $415.26. The company has a market capitalization of $1.50 trillion, a PE ratio of 367.42, a price-to-earnings-growth ratio of 16.01 and a beta of 1.80. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. 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 issued its quarterly earnings data 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. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period last year, the company posted $0.27 EPS. The company's revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk exercised stock options that lifted his Tesla ownership to 19.9%, reinforcing alignment with shareholders and signaling confidence in the company’s long-term strategy.
• Positive Sentiment: ARK Invest, led by Cathie Wood, bought more Tesla shares, adding to a broader bullish narrative around TSLA as an AI and autonomous-driving leader. Article Title
• Positive Sentiment: Analysts and commentary continue to frame Tesla as more than an EV maker, highlighting its AI, robotaxi, and robotics ambitions, which supports the stock’s premium valuation.
• Neutral Sentiment: Tesla received approval for supervised FSD in Denmark, a modest positive for its European rollout, but the approval is still limited and does not remove broader regulatory hurdles.
• Negative Sentiment: Reuters reported that Sweden may push back against Tesla’s supervised self-driving rollout in Europe unless speed-limit behavior is changed, creating a potential roadblock for FSD expansion. Article Title
• Negative Sentiment: Additional reports flagged “fresh FSD roadblock” concerns in Europe, keeping investor focus on regulatory risk rather than near-term software monetization.

Tesla Company 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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