Sageworth Trust Co lowered its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 25.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,279 shares of the electric vehicle producer’s stock after selling 4,108 shares during the period. Tesla makes up 0.2% of Sageworth Trust Co’s investment portfolio, making the stock its 23rd biggest position. Sageworth Trust Co’s holdings in Tesla were worth $5,522,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Retirement Planning Group LLC increased its holdings in shares of Tesla by 5.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,828 shares of the electric vehicle producer’s stock worth $2,621,000 after buying an additional 301 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Tesla by 5.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 109,703 shares of the electric vehicle producer’s stock worth $49,335,000 after acquiring an additional 5,609 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Tesla by 0.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 498,845 shares of the electric vehicle producer’s stock worth $224,341,000 after purchasing an additional 2,279 shares in the last quarter. Mach 1 Financial Group LLC raised its position in Tesla by 60.8% in the fourth quarter. Mach 1 Financial Group LLC now owns 2,635 shares of the electric vehicle producer’s stock valued at $1,185,000 after purchasing an additional 996 shares during the last quarter. Finally, Patton Albertson Miller Group LLC boosted its stake in shares of Tesla by 16.3% during the fourth quarter. Patton Albertson Miller Group LLC now owns 1,284 shares of the electric vehicle producer’s stock valued at $577,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: China deliveries jumped 36% year‑over‑year in April (sixth straight monthly YoY gain), showing demand resilience in Tesla’s largest market and supporting near‑term revenue expectations. Tesla (TSLA) Stock Climbs as Chinese EV Deliveries Surge 36% Year-Over-Year in April
- Positive Sentiment: Tesla scored a large commercial win: a 370‑unit Tesla Semi order (largest single fleet award reported), validating truck demand and future recurring revenue potential from commercial customers. Tesla Semi Lands 370 Unit Order
- Positive Sentiment: Despite the recall, multiple outlets note investors are shrugging it off — the market is treating the recall as a software fix and not a structural demand issue. That reaction is helping push shares up. Tesla stock climbs 2%, why a recall isn’t worrying investors today
- Neutral Sentiment: Testimony in the Musk v. Altman/OpenAI trial (Shivon Zilis) mentions ambitions linking Tesla and AI efforts — headline risk but unclear direct financial impact on Tesla operations. Elon Musk’s Partner Shivon Zilis Reveals Tesla’s Plans For OpenAI Amid High-Stakes Legal Battle
- Neutral Sentiment: Elon Musk‑linked Terafab chip project filings (SpaceX) show massive planned spend for onshore chip capacity — strategically relevant to Tesla’s AI/compute ambitions but not a direct Tesla capex item yet. Elon Musk’s Terafab chip factory in Texas could cost up to $119 billion, filing shows
- Negative Sentiment: Tesla is recalling ~218,868 U.S. vehicles for a delayed rearview camera image issue — safety/regulatory scrutiny increases recall and compliance costs and creates near‑term headline risk. Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk
- Negative Sentiment: Insider selling (~$30M reported) and reports that broader FSD approvals may slip (or face tougher EU scrutiny) raise governance/regulatory concerns that can weigh on valuation if progress on autonomy slows. Tesla (TSLA) Stock Hovers Near $393 Amid $30M Insider Sales and FSD Milestone
- Negative Sentiment: Rising capital intensity: analysts flag Tesla’s elevated capex (~$25B+ plans) and negative free cash flow as it pours money into FSD, robotics (Optimus) and energy — this increases near‑term execution and financing risk. What Tesla’s Massive $25B+ Capex Means for Investors Now
Analyst Upgrades and Downgrades
View Our Latest Analysis on TSLA
Tesla Trading Up 2.4%
TSLA opened at $398.75 on Thursday. Tesla, Inc. has a twelve month low of $271.00 and a twelve month high of $498.83. The company has a fifty day moving average of $382.62 and a 200-day moving average of $418.57. The stock has a market cap of $1.50 trillion, a PE ratio of 365.83, a price-to-earnings-growth ratio of 14.82 and a beta of 1.79. 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 – Get Free Report) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, sell-side analysts predict that Tesla, Inc. will post 1.25 EPS for the current year.
Insider Transactions at Tesla
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The shares were 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 $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the company’s stock in a transaction dated 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 in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,213 shares of company stock valued at $30,851,105 over the last quarter. Corporate insiders own 19.90% of the company’s stock.
About Tesla
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.
Recommended Stories
Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
