Tesla, Inc. $TSLA Shares Sold by Cassaday & Co Wealth Management LLC

Key Points

• Cassaday & Co Wealth Management cut its Tesla stake by 44.9% in Q4, selling 5,176 shares and now holding 6,348 shares valued at about $2.86 million.
• Institutional activity is mixed—several funds added to positions while overall institutional ownership is 66.2%—and analysts remain split with a consensus "Hold" and a $398.42 target (19 Buy, 17 Hold, 5 Sell).
• Operational headlines are mixed: China-made EV sales surged ~36% YoY in April and the 2026 Model Y met a new NHTSA ADAS benchmark, but Tesla is recalling ~218,868 U.S. vehicles for delayed rearview camera images and faces ongoing autonomy/regulatory risks in Europe.

Cassaday & Co Wealth Management LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 44.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,348 shares of the electric vehicle producer's stock after selling 5,176 shares during the period. Cassaday & Co Wealth Management LLC's holdings in Tesla were worth $2,855,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC increased its position in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after acquiring an additional 5,039 shares during the period. CORDA Investment Management LLC. increased its position in Tesla by 7.6% in the 4th quarter. CORDA Investment Management LLC. now owns 6,365 shares of the electric vehicle producer's stock valued at $2,862,000 after acquiring an additional 452 shares during the period. Black Diamond Financial LLC increased its position in Tesla by 14.0% in the 4th quarter. Black Diamond Financial LLC now owns 1,232 shares of the electric vehicle producer's stock valued at $554,000 after acquiring an additional 151 shares during the period. Retirement Planning Group LLC increased its position in Tesla by 5.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,828 shares of the electric vehicle producer's stock worth $2,621,000 after purchasing an additional 301 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Tesla by 5.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 109,703 shares of the electric vehicle producer's stock worth $49,335,000 after purchasing an additional 5,609 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China deliveries swung strongly positive — China-made EV sales rose ~36% year-over-year in April (sixth straight month of gains), boosting confidence that Tesla is defending share in its largest market. Tesla's China-made EV sales rise 36% in April, year-on-year
• Positive Sentiment: Safety milestone: the 2026 Model Y was named the first vehicle to meet the NHTSA’s new advanced driver-assistance benchmark — a regulatory/consumer confidence positive for FSD-related deployments and sales. Tesla Model Y is first car to meet new U.S. driver assistance safety benchmark
• Positive Sentiment: Commercial traction: WattEV placed a 370-unit order for Tesla Semis — a sizable fleet commitment that supports Semi commercialization and future recurring revenue from fleet customers. WattEV orders 370 Tesla Semis in record California EV deployment
• Neutral Sentiment: Terafab/chips: Elon Musk’s broader chip-fab plans (Terafab) could be strategically positive for Tesla’s supply chain long-term, but size, timeline and funding create uncertainty in the near term. Elon Musk's Terafab chip factory in Texas could cost up to $119 billion
• Negative Sentiment: Recall risk: Tesla is recalling ~218,868 U.S. vehicles for delayed rearview camera images — a safety/operational headline that pressured shares earlier this week even though investors treated it as fixable via software. Tesla to recall over 218,800 U.S. vehicles on rearview image issue
• Negative Sentiment: Autonomy/regulatory risk: European regulatory roadblocks and skepticism around the timing and economics of robotaxis/Optimus continue to pose execution risk for Tesla’s higher-valuation autonomy thesis. Tesla’s FSD push in Europe hits roadblocks - report
• Negative Sentiment: Bear case commentary: some analysts and columnists argue Tesla’s comeback/autonomy story is uncertain, adding near-term pessimism for value investors focused on fundamentals versus narrative. Sell Tesla Because It Is An Unlikely Comeback Story

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. Bank of America initiated coverage on Tesla in a research report on Wednesday, March 4th. They set a "buy" rating and a $460.00 target price on the stock. Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a research report on Monday, April 27th. Jefferies Financial Group reiterated a "neutral" rating on shares of Tesla in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Tesla in a research report on Wednesday, April 22nd. Finally, Barclays reiterated a "neutral" rating on shares of Tesla in a research report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price of $398.42.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $411.27 on Friday. The business's 50 day simple moving average is $382.66 and its 200-day simple moving average is $418.37. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 377.31, a price-to-earnings-growth ratio of 15.17 and a beta of 1.79. 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, Inc. has a 12 month low of $273.21 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction that occurred on 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 sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,213 shares of company stock worth $30,851,105 in the last three months. Corporate insiders own 19.90% of the company's stock.

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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