Shariaportfolio Inc. Sells 17,996 Shares of Tesla, Inc. $TSLA

Key Points

• Shariaportfolio Inc. cut its Tesla stake by 14.7% (sold 17,996 shares), leaving 104,636 shares worth about $47.06 million — Tesla is the fund's largest holding at 19.8% of its portfolio.
• Company insiders have been net sellers recently — 53,804 shares sold in the last three months (≈$20.87M), including sales by CFO Vaibhav Taneja and director Kathleen Wilson‑Thompson, with insiders now owning 19.9%.
• Market signals are mixed: regulators closed an NHTSA probe and South Korea sales surged, but bearish notes (JPMorgan warned of ~60% downside), analyst target cuts and ETF outflows have increased volatility and downside risk for TSLA.

Shariaportfolio Inc. decreased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,636 shares of the electric vehicle producer's stock after selling 17,996 shares during the period. Tesla makes up 19.8% of Shariaportfolio Inc.'s portfolio, making the stock its largest holding. Shariaportfolio Inc.'s holdings in Tesla were worth $47,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Relyea Zuckerberg Hanson LLC grew its stake in shares of Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer's stock worth $2,916,000 after acquiring an additional 23 shares during the last quarter. Equita Financial Network Inc. grew its stake in shares of Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer's stock worth $380,000 after acquiring an additional 23 shares during the last quarter. VanderPol Investments L.L.C. grew its stake in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer's stock worth $464,000 after acquiring an additional 23 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer's stock worth $3,814,000 after acquiring an additional 23 shares during the last quarter. Finally, Cloud Capital Management LLC grew its stake in shares of Tesla by 1.1% in the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer's stock worth $923,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: NHTSA closed its probe into Tesla’s “Actually Smart Summon” feature, removing a regulatory overhang on vehicle safety and software. US regulator ends probe into Tesla's 'actually smart summon' feature after software fixes
• Positive Sentiment: Tesla reported a sharp sales surge in South Korea (330% YoY in March), signaling pockets of regional strength that could help offset soft demand elsewhere. Tesla's South Korean sales up more than 300% to 11,134 vehicles in March
• Positive Sentiment: Some sell‑side support remains — Canaccord reaffirmed a Buy and set a $420 target — giving bulls a base for rebounds if delivery trends improve. Canaccord reaffirms Buy on Tesla
• Neutral Sentiment: The approaching SpaceX IPO is creating a narrative risk: commentators (including Jim Cramer) suggest some investors may trim TSLA exposure to rotate into SpaceX, which could weigh on Tesla regardless of fundamentals. Cramer Flags New Trade: Sell Some Tesla, Wait for SpaceX IPO?
• Neutral Sentiment: Broader market dynamics (QQQ/AI leadership and macro flow) could help or hurt TSLA; a tech-led market rebound would likely support Tesla, while renewed risk‑off would accelerate outflows. 5 Reasons the Invesco QQQ ETF Could Be Headed for a Triple-Digit Rally
• Negative Sentiment: JPMorgan reiterated a bearish stance and warned TSLA could fall ~60%, citing record unsold inventory and weakening financial expectations — a high‑profile note that amplified selling pressure. JPMorgan warns Tesla stock may crash 60%
• Negative Sentiment: Analysts are cutting targets after Tesla missed Q1 delivery estimates; consensus revisions and lower targets are increasing downside risk into the company’s upcoming earnings. TSLA selloff deepens: Why analysts are slashing Tesla targets after delivery miss
• Negative Sentiment: ETF flows amplified the move: leveraged Tesla ETF TSLL plunged as traders sold exposure after the delivery miss, increasing intraday volatility and mechanical selling pressure. Tesla's Dip Triggers TSLL Selloff—Why Are ETF Traders So Nervous?

Tesla Stock Down 2.2%

Shares of NASDAQ TSLA opened at $352.82 on Tuesday. The stock has a market cap of $1.32 trillion, a PE ratio of 326.69, a PEG ratio of 10.69 and a beta of 1.91. The business has a fifty day moving average of $399.41 and a two-hundred day moving average of $427.11. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business's revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the transaction, the director directly owned 33,860 shares of the company's stock, valued at $12,166,913.80. This represents a 43.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 53,804 shares of company stock valued at $20,865,598. Company insiders own 19.90% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. Mizuho set a $540.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Bank of America initiated coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a "buy" rating and a $460.00 price target on the stock. Truist Financial decreased their price target on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company decreased their price target on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday, January 29th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $402.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.