Rep. Robert Bresnahan, Jr. Purchases Shares of Tesla, Inc. (NASDAQ:TSLA)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tesla stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $13.23 during mid-day trading on Friday, reaching $298.05. The company's stock had a trading volume of 132,028,653 shares, compared to its average volume of 96,148,356. The stock has a market capitalization of $960.01 billion, a P/E ratio of 146.10, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The stock has a 50-day moving average of $258.65 and a two-hundred day moving average of $326.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the business posted $0.45 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSLA. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Guggenheim restated a "sell" rating and set a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. Piper Sandler set a $400.00 price objective on Tesla in a research note on Tuesday. Glj Research reissued a "sell" rating and set a $19.05 target price (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $287.46.

Institutional Investors Weigh In On Tesla

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after purchasing an additional 194,796 shares during the period. Innova Wealth Partners acquired a new position in Tesla during the fourth quarter worth $415,000. Park National Corp OH lifted its holdings in Tesla by 31.1% in the fourth quarter. Park National Corp OH now owns 1,973 shares of the electric vehicle producer's stock valued at $797,000 after acquiring an additional 468 shares during the period. Oriental Harbor Investment Fund boosted its position in shares of Tesla by 116.3% during the 4th quarter. Oriental Harbor Investment Fund now owns 121,521 shares of the electric vehicle producer's stock worth $49,075,000 after purchasing an additional 65,335 shares in the last quarter. Finally, Worth Asset Management LLC grew its stake in shares of Tesla by 383.1% during the 4th quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after purchasing an additional 6,593 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at $6,833,325.68. The trade was a 20.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,623 shares of company stock worth $114,400,501 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

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

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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