Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on June 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tesla stock on May 16th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Tesla Stock Up 3.5%
NASDAQ TSLA traded up $10.76 during trading hours on Friday, hitting $316.06. The company's stock had a trading volume of 147,437,834 shares, compared to its average volume of 90,285,424. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The company has a market capitalization of $1.02 trillion, a PE ratio of 182.69, a price-to-earnings-growth ratio of 11.59 and a beta of 2.39. The company has a current ratio of 2.04, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The company's 50-day simple moving average is $324.70 and its two-hundred day simple moving average is $314.65.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. Tesla's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Insider Activity at Tesla
In other news, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the sale, the director directly owned 1,463,220 shares in the company, valued at $522,940,195.80. This represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 835,509 shares of company stock valued at $279,420,485 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Tesla
A number of hedge funds have recently added to or reduced their stakes in TSLA. Wealth Group Ltd. purchased a new position in Tesla in the 4th quarter worth approximately $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Tesla during the 4th quarter valued at $1,361,000. Tallon Kerry Patrick purchased a new stake in Tesla during the 4th quarter valued at $374,000. Eagle Capital Management LLC purchased a new stake in Tesla during the 4th quarter valued at $331,000. Finally, Brighton Jones LLC raised its stake in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TSLA shares. Baird R W cut shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Cantor Fitzgerald reduced their price objective on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Bank of America lifted their price objective on shares of Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $302.75.
Check Out Our Latest Stock Analysis on Tesla
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Tesla Company Profile
(
Get Free Report)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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