Platt Wealth Management LLC Makes New $564,000 Investment in Tesla, Inc. $TSLA

Platt Wealth Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,256 shares of the electric vehicle producer’s stock, valued at approximately $564,000. Tesla comprises 0.6% of Platt Wealth Management LLC’s holdings, making the stock its 26th biggest position.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Holocene Advisors LP grew its position in shares of Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock valued at $2,738,141,000 after purchasing an additional 3,505,000 shares in the last quarter. Jennison Associates LLC grew its position in shares of Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares in the last quarter. Capital World Investors grew its position in shares of Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after purchasing an additional 2,403,019 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Tesla in the fourth quarter valued at $748,084,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

NASDAQ:TSLA opened at $426.01 on Friday. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 390.83, a P/E/G ratio of 16.50 and a beta of 1.79. Tesla, Inc. has a 52-week low of $273.21 and a 52-week high of $498.83. The stock has a fifty day moving average of $387.76 and a 200 day moving average of $416.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. On average, research analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Insider Buying and Selling at Tesla

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 $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 83,213 shares of company stock valued at $32,201,105 in the last three months. 19.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TSLA has been the subject of several recent research reports. Phillip Securities reduced their price target on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Jefferies Financial Group reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. UBS Group lifted their price target on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $395.20.

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.