Tesla, Inc. $TSLA Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 778,386 shares of the electric vehicle producer’s stock after buying an additional 18,100 shares during the quarter. Truist Financial Corp’s holdings in Tesla were worth $350,056,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Peregrine Asset Advisers Inc. boosted its stake in shares of Tesla by 123.3% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 13,213 shares of the electric vehicle producer’s stock worth $5,942,000 after buying an additional 7,296 shares during the period. Sun Financial Inc acquired a new stake in shares of Tesla during the fourth quarter worth about $1,418,000. Cypress Point Wealth Management LLC boosted its stake in shares of Tesla by 10.3% during the fourth quarter. Cypress Point Wealth Management LLC now owns 805 shares of the electric vehicle producer’s stock worth $362,000 after buying an additional 75 shares during the period. Long Run Wealth Advisors LLC boosted its stake in shares of Tesla by 48.9% during the fourth quarter. Long Run Wealth Advisors LLC now owns 1,054 shares of the electric vehicle producer’s stock worth $474,000 after buying an additional 346 shares during the period. Finally, FSA Advisors Inc. acquired a new stake in shares of Tesla during the fourth quarter worth about $17,286,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is rolling out more Robotaxi/Cybercab vehicles and expanding unsupervised rides in Texas, a step toward monetizing autonomy that could eventually boost services revenue if regulatory and safety hurdles are cleared. Read More.
• Positive Sentiment: Tesla’s Semi truck program reportedly hit production milestones this week, demonstrating progress on a higher‑margin commercial product line that could improve long‑term mix and profitability if volumes scale. Read More.
• Positive Sentiment: Reports highlight progress on Elon’s “Terafab” manufacturing initiative — faster, lower‑cost fabs could materially reduce vehicle and robot production costs over time if successful. Read More.
• Neutral Sentiment: SpaceX’s planned IPO — potentially raising up to $75 billion — and leaked compensation terms (large milestone bonuses for Elon Musk) are drawing attention; implications for Tesla are indirect but important for governance and Musk’s incentive alignment across his companies. Read More.
• Neutral Sentiment: Details from the SpaceX registration show potential big voting/compensation stakes for Musk tied to long‑term milestones (e.g., population targets for Mars) — these are more relevant to SpaceX governance but feed broader investor scrutiny of Musk‑linked transactions. Read More.
• Neutral Sentiment: Several analyst/roundup pieces revisit valuation and buy/sell views on TSLA; these provide context but contain mixed conclusions, so they’re unlikely to move the stock by themselves. Read More.
• Negative Sentiment: Tesla amended filings disclosed more than $500 million of revenue from transactions with Musk‑controlled firms (xAI, SpaceX), raising related‑party and governance questions that can pressure valuation multiples and investor trust. Read More.
• Negative Sentiment: Coverage highlights that Tesla is spending heavily to build its AI/robotics future (Optimus, robotaxi software/hardware), and that cash burn and margin pressure are tangible near‑term risks until those efforts monetize. Read More.
• Negative Sentiment: Despite rollout progress, Tesla still trails Waymo and other autonomous rivals on fully mature self‑driving commercialization metrics, underscoring competitive and execution risks to the robotaxi thesis. Read More.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Tigress Financial assumed coverage on shares of Tesla in a report on Monday, April 27th. They set a “buy” rating for the company. Canaccord Genuity Group increased their price target on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Roth Mkm reissued a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Phillip Securities increased their price target on shares of Tesla from $215.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, April 27th. 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 stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $398.42.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 53,804 shares of company stock worth $20,865,598. 19.90% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $390.82 on Monday. Tesla, Inc. has a 12-month low of $271.00 and a 12-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. The stock has a market cap of $1.47 trillion, a PE ratio of 358.55, a price-to-earnings-growth ratio of 14.87 and a beta of 1.79. The company has a 50-day moving average of $383.09 and a two-hundred day moving average of $419.10.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm 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%.Tesla’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 1.25 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.