WT Wealth Management Sells 1,670 Shares of Tesla, Inc. $TSLA

Key Points

• WT Wealth Management sold 1,670 shares of Tesla, cutting its stake by 16.6% to 8,413 shares worth $3.78 million, which represents about 1.1% of the fund and is its 29th largest holding.
• Corporate insiders have been net sellers recently, including Director Kathleen Wilson‑Thompson who sold 26,409 shares under a 10b5‑1 plan; insiders sold 80,213 shares (~$30.9M) over the past 90 days, a potential negative for sentiment despite pre‑arranged plans.
• Tesla posted Q1 EPS of $0.41 (beat by $0.02) and revenue of $22.39B (up 15.8% y/y but slightly below estimates), the stock has a ~$1.47T market cap, and analysts’ consensus is a "Hold" with a $398.42 target price.

WT Wealth Management lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,413 shares of the electric vehicle producer's stock after selling 1,670 shares during the quarter. Tesla makes up 1.1% of WT Wealth Management's holdings, making the stock its 29th biggest holding. WT Wealth Management's holdings in Tesla were worth $3,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Networth Advisors LLC acquired a new position in shares of Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. lifted its holdings 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 worth $27,000 after purchasing an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Tesla during the third quarter worth $29,000. Finally, Prism Advisors Inc. acquired a new position in shares of Tesla during the fourth quarter worth $30,000. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 0.4%

TSLA opened at $392.38 on Tuesday. Tesla, Inc. has a 1-year low of $271.00 and a 1-year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.47 trillion, a P/E ratio of 359.98, a price-to-earnings-growth ratio of 14.87 and a beta of 1.79. The company has a fifty day moving average price of $383.09 and a two-hundred day moving average price of $419.10.

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 firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.25 EPS for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: UK and several European markets showed strong recovery in April, with UK sales jumping ~62% and registrations rising in Sweden, France and Denmark — supportive for near‑term revenue outside the U.S. Tesla sales in UK continue recovery, jump 62% in April
• Positive Sentiment: New brand‑loyalty rankings place Tesla at the top in the U.S., reinforcing customer retention and aftermarket/service revenue potential. Tesla Brand Recovery? New Survey Shows EV Giant Top Rating For US Loyalty – Palihapitiya Says 'Once You Drive A Tesla…'
• Positive Sentiment: Company continues to expand robotaxi/Cybercab operations (Texas rollouts cited) — a long‑term, higher‑margin revenue path if regulatory and technical hurdles are cleared. Elon Musk's Robotaxi Plans Take Shape With Dallas, Houston Rollout, But Tesla Is Still Far Behind Waymo
• Neutral Sentiment: Regulators in the EU are reviewing Tesla’s supervised FSD approval; an explainer outlines the approval path and outstanding steps — progress helps the story but does not guarantee broad commercial rollout. Explainer: Tesla's road to Full Self-Driving approval in Europe
• Neutral Sentiment: Market commentary notes Tesla hit a “symbolic” self‑driving milestone (a numeric safety threshold), but real‑world mapping, edge‑case and regulatory work remain — milestone supports narrative more than immediate revenue. Tesla just hit a ‘symbolic' self-driving milestone. Real-world success will be tougher.
• Negative Sentiment: Investigative reporting finds nearly 20% of delivered Cybertrucks went to Elon Musk’s other companies, raising questions about genuine consumer demand and future fleet economics for the vehicle. Hiltzik: How many Cybertrucks has Tesla sold to the public? Fewer than you might think
• Negative Sentiment: EU regulators have expressed skepticism about FSD safety claims even as RDW seeks EU approval — growing regulatory scrutiny could delay commercial scale‑up and add compliance risk. Exclusive: Tesla faces EU skepticism over automated-driving tech, records show
• Negative Sentiment: Director Kathleen Wilson‑Thompson sold 26,409 shares under a 10b5‑1 plan (disclosed); while pre‑arranged plans limit interpretability, insider selling can weigh on sentiment. Insider Selling: Tesla NASDAQ: TSLA Director Sells 26,409 Shares of Stock
• Negative Sentiment: Coverage highlights rising regulatory and competitive roadblocks to the driverless/robotaxi thesis and cautions on heavy AI/robotics spending that pressures near‑term margins and cash flow. Tesla Stock (TSLA) Drags as Driverless Ambitions Face More Roadblocks

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. TD Cowen reiterated a "buy" rating and set a $490.00 price target on shares of Tesla in a report on Thursday, April 23rd. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a report on Thursday, January 29th. Mizuho dropped their target price on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating on the stock in a report on Thursday, April 23rd. Finally, Phillip Securities boosted their target price on shares of Tesla from $215.00 to $220.00 and gave the company a "sell" rating in a report on Monday, April 27th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $398.42.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business'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 completion of the sale, the director directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction dated 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 directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 80,213 shares of company stock valued at $30,851,105. 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.

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