Spartan Wealth Advisory Services LLC Makes New $8.87 Million Investment in Tesla, Inc. $TSLA

Key Points

• Spartan Wealth Advisory Services disclosed a new stake in Tesla during the first quarter, buying 23,868 shares valued at about $8.87 million.
• Institutional ownership remains high, with the article noting that hedge funds and other institutional investors own 66.20% of Tesla shares and several other funds recently added or increased positions.
• Wall Street is still split on Tesla: analysts currently have a consensus “Hold” rating with a $408.07 average target, even as some firms remain bullish on robotaxi, Optimus, and delivery growth while others warn about valuation and competitive headwinds.

Spartan Wealth Advisory Services LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,868 shares of the electric vehicle producer's stock, valued at approximately $8,873,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Networth Advisors LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the 4th 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 during the last quarter. Turning Point Benefit Group Inc. bought a new position in Tesla during the 3rd quarter valued at $30,000. Prism Advisors Inc. bought a new position in Tesla during the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in Tesla during the 3rd quarter worth $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSLA. China Renaissance reduced their target price on shares of Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a research note on Monday, April 27th. Wedbush restated an "outperform" rating and set a $600.00 price target on shares of Tesla in a report on Tuesday, April 21st. Sanford C. Bernstein raised shares of Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. Wells Fargo & Company reiterated an "underweight" rating and issued a $130.00 price objective (up from $125.00) on shares of Tesla in a research note on Tuesday. Finally, BTIG Research cut shares of Tesla to a "neutral" rating in a research report on Friday, June 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $408.07.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $460 price target, citing rapid robotaxi expansion, better-than-expected deliveries, and upcoming Optimus milestones.
• Positive Sentiment: Analysts and investors continue to focus on Tesla’s robotaxi, Cybercab, and Optimus programs, which remain major long-term growth catalysts.
• Positive Sentiment: Erste Group raised its FY2026 earnings estimate for Tesla, signaling at least some improving expectations heading into the report.
• Neutral Sentiment: Wall Street expects a sizable earnings-driven stock move, with options pricing implying elevated volatility around the report.
• Neutral Sentiment: Recent coverage highlights that Tesla’s quarterly delivery strength has not yet translated into a sustained stock rebound, suggesting investors want more than just beat-and-raise narratives.
• Negative Sentiment: Broader AI and high-growth tech weakness is weighing on Tesla, as investors worry about stretched valuations and cooling enthusiasm for expensive megacap names.
• Negative Sentiment: Several reports point to skepticism around Tesla’s valuation, with commentary noting the stock could be vulnerable if earnings, margins, or guidance disappoint.
• Negative Sentiment: Competitive and regulatory headwinds remain in focus, including tougher EV competition in Europe, a denied NHTSA petition over a headlight recall issue, and ongoing scrutiny of Tesla’s autonomy claims.

Tesla Trading Down 2.6%

NASDAQ TSLA opened at $380.79 on Friday. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 349.35, a PEG ratio of 13.68 and a beta of 1.80. Tesla, Inc. has a one year low of $297.82 and a one year 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. The business's fifty day moving average is $409.41 and its 200-day moving average is $406.00.

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, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.34 EPS for the current year.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's 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 in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their position. 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. Over the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company's stock.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

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.