Thoroughbred Financial Services LLC Reduces Holdings in Tesla, Inc. $TSLA

Key Points

• Thoroughbred Financial Services LLC cut its Tesla stake by 44.2% in the fourth quarter, selling 8,471 shares and leaving it with 10,704 shares valued at about $4.8 million.
• Tesla reported better-than-expected earnings for the latest quarter, posting EPS of $0.41 versus the $0.39 estimate, though revenue of $22.39 billion came in slightly below expectations.
• Investor sentiment remains mixed: Tesla has seen recent insider selling and analysts currently rate the stock a Hold on average, even as bullish themes around European sales growth, FSD, robotaxi plans, and AI-driven future products continue to support the long-term story.

Thoroughbred Financial Services LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 44.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,704 shares of the electric vehicle producer's stock after selling 8,471 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Tesla were worth $4,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $26,000. Davidson Capital Management Inc. boosted its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the third quarter valued at $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the third quarter valued at $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

TSLA opened at $440.36 on Thursday. Tesla, Inc. has a 52-week low of $273.21 and a 52-week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.65 trillion, a P/E ratio of 404.00, a price-to-earnings-growth ratio of 17.12 and a beta of 1.79. The firm's 50-day moving average price is $390.12 and its 200-day moving average price is $416.18.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) 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 firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 57,482 shares of company stock worth $21,508,331. Corporate insiders own 19.90% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is getting a lift from strong European sales data, with April registrations rising sharply year over year, suggesting the EV demand backdrop may be improving after a weak stretch. Tesla Logs Strong Growth in European Monthly Sales
• Positive Sentiment: Wall Street commentary continues to highlight Tesla’s fully self-driving technology, robotaxi rollout, and AI-driven mobility as major future value creators, which supports bullish sentiment around TSLA. Fully Self-Driving Technology Positions Tesla Stock for Another Wave of Value Creation
• Positive Sentiment: Reports that Tesla received a patent tied to robotaxis and Optimus suggest the company is still building around its highest-upside future businesses. Tesla Patent Could Protect Two Biggest Future Revenue Drivers
• Positive Sentiment: Speculation about a possible Tesla-SpaceX combination is creating a “sum of the parts” narrative that could excite investors if it unlocks additional strategic value. Tesla SpaceX Merger Talk Grows As Capital And AI Questions Mount
• Positive Sentiment: Technical analysts say Tesla stock may be setting up for a breakout, reinforcing the recent momentum in the shares. Tesla Stock Could Be Setting Up for a Major Breakout, Charts Show
• Neutral Sentiment: Much of the market chatter is centered on a potential SpaceX IPO and even a Tesla-SpaceX merger, but these are still speculative and could cut both ways for TSLA depending on capital allocation and control issues. SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq
• Negative Sentiment: Some coverage warns that Tesla’s Optimus robot plan is hitting a major snag, which could temper optimism around one of the company’s most important long-term growth stories. Tesla's Optimus robot plan hits major snag
• Negative Sentiment: Several articles note that a SpaceX IPO could distract Elon Musk, shift investor attention, or pressure Tesla shares if holders sell TSLA to fund SpaceX exposure. The SpaceX IPO Could Be a Huge Event for Tesla Stock Investors

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. Benchmark reissued a "buy" rating on shares of Tesla in a research note on Wednesday, February 11th. TD Cowen restated a "buy" rating and issued a $490.00 price objective on shares of Tesla in a report on Thursday, April 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. BNP Paribas Exane upgraded shares of Tesla from an "underperform" rating to a "neutral" rating in a report on Monday, April 27th. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of Tesla in a report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $395.20.

About Tesla

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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