Childress Capital Advisors LLC Trims Stock Position in Tesla, Inc. $TSLA

Childress Capital Advisors LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA) by 33.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,619 shares of the electric vehicle producer’s stock after selling 6,363 shares during the period. Tesla accounts for 0.8% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Childress Capital Advisors LLC’s holdings in Tesla were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Networth Advisors LLC acquired a new stake in shares of Tesla during the fourth quarter worth about $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in Tesla in the third quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Tesla during the third quarter worth approximately $31,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 4.0%

NASDAQ:TSLA opened at $402.90 on Wednesday. The company has a market capitalization of $1.51 trillion, a PE ratio of 369.63, a price-to-earnings-growth ratio of 16.46 and a beta of 1.80. Tesla, Inc. has a 52-week low of $293.55 and a 52-week high of $498.83. The stock has a fifty day simple moving average of $408.84 and a 200-day simple moving average of $410.39. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research note on Friday, April 24th. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $415.00 price target on shares of Tesla in a report on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $408.52.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported Q2 deliveries of 480,126 vehicles, well above estimates, and revenue growth remained solid, reinforcing that demand and execution improved in the latest quarter. Massive News for Tesla Stock Investors!
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, citing optimism around a possible SpaceX merger that could create additional strategic value for Elon Musk’s ecosystem. Veteran Bank Revamps Tesla Stock Price Target on Potential SpaceX Merger
• Positive Sentiment: Tesla expanded its robotaxi service to Miami, its first market outside Texas and California, which adds a new catalyst for the autonomous-driving story that bulls are betting on. Tesla (TSLA) Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Several articles framed Tesla as a stock to watch ahead of its July 22 earnings report, but these pieces were more commentary than new fundamentals.
• Neutral Sentiment: Wall Street continues to split between enthusiasm for Tesla’s AI/robotaxi optionality and skepticism over whether the stock’s premium valuation is already pricing in too much future growth.
• Negative Sentiment: Despite the delivery beat, Tesla’s stock sold off as investors questioned the sustainability of the demand improvement and the market’s reaction suggested the report was not enough to support a higher share price. Tesla’s Delivery Numbers Blew Past Estimates. So Why Isn’t the Stock Rallying?
• Negative Sentiment: Bearish commentary also highlighted Tesla’s rich valuation and said the delivery strength may not be enough to justify the stock’s current multiple. Tesla: Even The Bull Case Doesn’t Justify This Absurd Valuation
• Negative Sentiment: Some coverage also argued Tesla’s self-driving story faces new legal and regulatory pressure after a Texas manslaughter case raised fresh questions about FSD claims. Tesla’s Self-Driving Story Faces New Test

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 32,015 shares of company stock valued at $12,383,640. Insiders own 19.90% of the company’s stock.

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.