Sit Investment Associates Inc. Sells 1,776 Shares of Tesla, Inc. $TSLA

Key Points

• Sit Investment Associates reduced its Tesla stake by 31.3% in the fourth quarter, selling 1,776 shares and leaving it with 3,905 shares valued at about $1.76 million.
• Insider selling has been notable, with CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson recently selling shares; insiders have sold 57,824 shares worth about $21.7 million over the past three months.
• Analyst sentiment remains mixed: Tesla currently has a consensus Hold rating with a $404.37 target price, even as several firms recently raised targets or upgraded the stock.

Sit Investment Associates Inc. trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 31.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,905 shares of the electric vehicle producer's stock after selling 1,776 shares during the period. Sit Investment Associates Inc.'s holdings in Tesla were worth $1,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crestwood Advisors Group LLC lifted its position in shares of Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after purchasing an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock valued at $14,487,000 after buying an additional 7,446 shares during the last quarter. Calamos Wealth Management LLC increased its stake in Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock valued at $18,846,000 after buying an additional 2,341 shares during the last quarter. Private Capital Advisors Inc. lifted its position in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock worth $9,593,000 after buying an additional 12,417 shares in the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Tesla in the 4th quarter worth approximately $1,035,000. Institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 company's stock in a transaction dated 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 sale, the director directly owned 48,399 shares in the company, valued at approximately $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 three months, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a report on Monday, April 27th. Canaccord Genuity Group boosted their price objective on Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. BTIG Research downgraded Tesla to a "neutral" rating in a research note on Friday, June 5th. Erste Group Bank raised Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. upgraded Tesla from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $145.00 to $475.00 in a research note on Friday, June 5th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $404.37.

Tesla Price Performance

Tesla stock opened at $400.49 on Friday. The business's 50 day simple moving average is $403.33 and its 200 day simple moving average is $415.26. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 367.42, a PEG ratio of 16.01 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The business 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 revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 1.19 EPS for the current year.

Trending Headlines about 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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