Flagship Wealth Advisors LLC Lowers Position in Tesla, Inc. $TSLA

Flagship Wealth Advisors LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 71.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,893 shares of the electric vehicle producer’s stock after selling 7,112 shares during the period. Flagship Wealth Advisors LLC’s holdings in Tesla were worth $1,075,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Woodmont Investment Counsel LLC lifted its position in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after purchasing an additional 25 shares in the last quarter. Aspect Partners LLC grew its position in Tesla by 12.5% in the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock worth $101,000 after purchasing an additional 25 shares in the last quarter. Human Investing LLC increased its stake in Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after buying an additional 25 shares during the last quarter. SilverOak Wealth Management LLC increased its stake in Tesla by 2.3% in the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after buying an additional 25 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of Tesla by 0.7% during the 4th quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock worth $1,522,000 after buying an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 0.8%

NASDAQ:TSLA opened at $311.20 on Friday. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $389.93 and its 200 day moving average is $397.91. The stock has a market capitalization of $1.23 trillion, a PE ratio of 288.15, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the company posted $0.33 earnings per share. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a report on Monday, July 27th. Mizuho set a $450.00 price target on Tesla and gave the stock an “outperform” rating in a report on Thursday, July 23rd. The Goldman Sachs Group started coverage on Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Finally, Citigroup initiated coverage on Tesla in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $402.24.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was 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 owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

Tesla 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.