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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on April 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Tesla stock on March 31st. 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 Reddit NYSE: RDDT on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Okta NASDAQ: OKTA on 4/4/2025.
• Sold $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 4/4/2025.
• Sold $1,001 - $15,000 in shares of SanDisk NASDAQ: SNDK on 4/4/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/2/2025.

Tesla Price Performance

NASDAQ:TSLA traded up $25.44 during trading hours on Friday, hitting $284.95. The stock had a trading volume of 166,882,151 shares, compared to its average volume of 95,960,657. The firm has a market capitalization of $916.55 billion, a price-to-earnings ratio of 139.68, a P/E/G ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company has a 50 day simple moving average of $263.98 and a two-hundred day simple moving average of $323.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently modified their holdings of TSLA. True Wealth Design LLC increased its position in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. increased its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. grew its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 374,228 shares of company stock worth $123,791,123. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Robert W. Baird lowered their price target on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Royal Bank of Canada reduced their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $287.46.

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.

About Tesla

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.