Thryve Wealth Management LLC Purchases New Position in Tesla, Inc. $TSLA

Thryve Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, Holdings Channel reports. The firm purchased 6,519 shares of the electric vehicle producer’s stock, valued at approximately $2,932,000. Tesla accounts for about 1.5% of Thryve Wealth Management LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds have also recently made changes to their positions in the company. MidFirst Bank purchased a new stake in Tesla during the 4th quarter valued at $3,698,000. TRU Independence Asset Management 2 LLC bought a new position in shares of Tesla in the fourth quarter worth about $201,000. DGS Capital Management LLC lifted its holdings in Tesla by 8.9% during the fourth quarter. DGS Capital Management LLC now owns 7,242 shares of the electric vehicle producer’s stock valued at $3,257,000 after purchasing an additional 592 shares in the last quarter. Ketron Financial purchased a new position in shares of Tesla during the 4th quarter valued at $3,360,000. Finally, Astoria Portfolio Advisors LLC. lifted its position in shares of Tesla by 1.4% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,504 shares of the electric vehicle producer’s stock valued at $1,126,000 after acquiring an additional 34 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk exercised stock options that lifted his Tesla ownership to 19.9%, reinforcing alignment with shareholders and signaling confidence in the company’s long-term strategy.
• Positive Sentiment: ARK Invest, led by Cathie Wood, bought more Tesla shares, adding to a broader bullish narrative around TSLA as an AI and autonomous-driving leader. Article Title
• Positive Sentiment: Analysts and commentary continue to frame Tesla as more than an EV maker, highlighting its AI, robotaxi, and robotics ambitions, which supports the stock’s premium valuation.
• Neutral Sentiment: Tesla received approval for supervised FSD in Denmark, a modest positive for its European rollout, but the approval is still limited and does not remove broader regulatory hurdles.
• Negative Sentiment: Reuters reported that Sweden may push back against Tesla’s supervised self-driving rollout in Europe unless speed-limit behavior is changed, creating a potential roadblock for FSD expansion. Article Title
• Negative Sentiment: Additional reports flagged “fresh FSD roadblock” concerns in Europe, keeping investor focus on regulatory risk rather than near-term software monetization.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated 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 sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated 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 of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,824 shares of company stock valued at $21,657,588 in the last 90 days. 19.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSLA shares. President Capital boosted their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. BTIG Research lowered Tesla to a “neutral” rating in a research note on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. UBS Group upped their price objective on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, HSBC restated a “hold” rating on shares of Tesla in a research note on Monday. Twenty-one analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $404.37.

Tesla Price Performance

NASDAQ TSLA opened at $400.49 on Friday. The firm’s fifty day simple moving average is $403.33 and its two-hundred day simple moving average is $415.26. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 367.42, a P/E/G ratio of 16.01 and a beta of 1.80. 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 results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating 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 return on equity of 4.89% and a net margin of 3.95%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. Analysts forecast that Tesla, Inc. will post 1.19 EPS for the current fiscal 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.