Providence First Trust Co Buys 1,911 Shares of Tesla, Inc. $TSLA

Providence First Trust Co increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 213.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,806 shares of the electric vehicle producer’s stock after purchasing an additional 1,911 shares during the period. Providence First Trust Co’s holdings in Tesla were worth $1,262,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter worth $26,000. Chapman Financial Group LLC acquired a new position in Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. raised its holdings in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new position in Tesla during the 3rd quarter worth $29,000. Finally, Prism Advisors Inc. bought a new stake in Tesla during the fourth quarter valued at about $30,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on 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 sale, the director owned 48,399 shares in the company, 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 filing with the Securities & Exchange Commission, 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 stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 80,213 shares of company stock worth $30,851,105 in the last quarter. Corporate insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TSLA shares. Robert W. Baird cut their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Wells Fargo & Company dropped their target price on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $398.42.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Large commercial order: WattEV awarded 370 Tesla Semis for a California freight network — a material fleet deployment that validates Semi demand and supports recurring charging/maintenance revenue assumptions. WattEV to deploy 370 Tesla Semis, launching largest electric-freight network connecting Northern and Central California
• Positive Sentiment: European recovery pockets: registrations rose sharply in Sweden, France, Denmark and the Netherlands in April, helping the revenue outlook outside the U.S. Tesla’s European rebound continues in April despite decline in Norway and Spain
• Positive Sentiment: Brand loyalty remains strong in the U.S., supporting repeat demand and aftermarket/service revenue stability. Tesla Brand Recovery? New Survey Shows EV Giant Top Rating For US Loyalty – Palihapitiya Says ‘Once You Drive A Tesla…’
• Neutral Sentiment: FSD approval process — mixed implications: Netherlands clearance and interest from Belgium/Flanders broaden the addressable market for supervised FSD, but EU hearings and national caution mean rollout timing and scope remain uncertain. European FSD Decisions Test Tesla Valuation And Software Growth Hopes
• Neutral Sentiment: Symbolic FSD/drive?mile milestones and PR wins keep the AI/autonomy narrative alive, but regulators and mapping/edge?case work mean milestones don’t translate to immediate revenue. Tesla just hit a ‘symbolic’ self-driving milestone. Real-world success will be tougher.
• Neutral Sentiment: High?profile legal/news items and AI narrative overlap (e.g., OpenAI/Musk trial references) may influence sentiment around Musk/leadership but are not direct operational drivers for Tesla today. OpenAI trial: Brockman rebuts Musk’s take on startup’s history, recounts secret work for Tesla
• Negative Sentiment: Insider selling: a Tesla director executed sizable, pre?arranged sales (~26k shares), which can weigh on near?term sentiment even if under a 10b5?1 plan. Insider sale SEC filing
• Negative Sentiment: Cash flow and spending risk: analysts note Tesla’s free cash flow turned negative as the company ramps investment in FSD, robotics and energy — increasing near?term margin and FCF pressure. Tesla’s Free Cash Flow Goes Negative as It Doubles Down on FSD, Robotics, and Energy
• Negative Sentiment: Product and governance questions: reports showing weak public Cybertruck sales (and a notable share delivered to Musk?related companies) add demand visibility concerns and potential governance scrutiny. How many Cybertrucks has Tesla sold to the public? Fewer than you might think
• Negative Sentiment: EU regulator skepticism: internal records show some European regulators remain skeptical of Tesla’s automated?driving safety claims, raising the risk of tighter oversight or limits on FSD features in key markets. Tesla faces EU skepticism over automated-driving tech, records show

Tesla Price Performance

Shares of TSLA stock opened at $389.41 on Wednesday. Tesla, Inc. has a 12 month low of $271.00 and a 12 month high of $498.83. The company has a market capitalization of $1.46 trillion, a P/E ratio of 357.26, a P/E/G ratio of 14.94 and a beta of 1.79. The stock has a 50 day moving average of $382.65 and a two-hundred day moving average of $418.78. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 1.25 EPS for the current year.

Tesla Company 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.