GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,941 shares of the electric vehicle producer’s stock after buying an additional 2,115 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Tesla were worth $5,370,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Networth Advisors LLC acquired a new position in Tesla during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. grew its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Tesla during the 3rd quarter worth $29,000. Finally, Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter worth $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on TSLA. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a report on Wednesday, April 22nd. President Capital lifted their price objective on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Canaccord Genuity Group increased their target price on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Mizuho cut their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $398.42.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: China deliveries swung strongly positive — China-made EV sales rose ~36% year-over-year in April (sixth straight month of gains), boosting confidence that Tesla is defending share in its largest market. Tesla’s China-made EV sales rise 36% in April, year-on-year
- Positive Sentiment: Safety milestone: the 2026 Model Y was named the first vehicle to meet the NHTSA’s new advanced driver-assistance benchmark — a regulatory/consumer confidence positive for FSD-related deployments and sales. Tesla Model Y is first car to meet new U.S. driver assistance safety benchmark
- Positive Sentiment: Commercial traction: WattEV placed a 370-unit order for Tesla Semis — a sizable fleet commitment that supports Semi commercialization and future recurring revenue from fleet customers. WattEV orders 370 Tesla Semis in record California EV deployment
- Neutral Sentiment: Terafab/chips: Elon Musk’s broader chip-fab plans (Terafab) could be strategically positive for Tesla’s supply chain long-term, but size, timeline and funding create uncertainty in the near term. Elon Musk’s Terafab chip factory in Texas could cost up to $119 billion
- Negative Sentiment: Recall risk: Tesla is recalling ~218,868 U.S. vehicles for delayed rearview camera images — a safety/operational headline that pressured shares earlier this week even though investors treated it as fixable via software. Tesla to recall over 218,800 U.S. vehicles on rearview image issue
- Negative Sentiment: Autonomy/regulatory risk: European regulatory roadblocks and skepticism around the timing and economics of robotaxis/Optimus continue to pose execution risk for Tesla’s higher-valuation autonomy thesis. Tesla’s FSD push in Europe hits roadblocks – report
- Negative Sentiment: Bear case commentary: some analysts and columnists argue Tesla’s comeback/autonomy story is uncertain, adding near-term pessimism for value investors focused on fundamentals versus narrative. Sell Tesla Because It Is An Unlikely Comeback Story
Tesla Price Performance
Shares of TSLA stock opened at $411.27 on Friday. The firm has a fifty day simple moving average of $382.66 and a 200-day simple moving average of $418.37. The company has a market capitalization of $1.54 trillion, a PE ratio of 377.31, a price-to-earnings-growth ratio of 15.17 and a beta of 1.79. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s 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 EPS. Equities research analysts anticipate that Tesla, Inc. will post 1.25 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 80,213 shares of company stock worth $30,851,105. Insiders own 19.90% of the company’s stock.
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.
Further Reading
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