Legacy Capital Group California Inc. Has $620,000 Stake in Tesla, Inc. $TSLA

Legacy Capital Group California Inc. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 59.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,668 shares of the electric vehicle producer’s stock after selling 2,492 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Tesla were worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Norges Bank acquired a new stake in shares of Tesla in the fourth quarter valued at about $17,128,100,000. Corient Private Wealth LLC boosted its position in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Bank of America Corp DE boosted its position in Tesla by 56.0% during the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. grew its stake in Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 0.3%

Shares of Tesla stock opened at $396.10 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The business has a fifty day simple moving average of $410.86 and a two-hundred day simple moving average of $407.41. Tesla, Inc. has a 1 year low of $297.82 and a 1 year high of $498.83. The company has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 363.39, a P/E/G ratio of 14.46 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Research analysts forecast that Tesla, Inc. will post 1.3 EPS for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Wall Street raised Tesla price targets ahead of earnings, with Morgan Stanley, Barclays, and Jefferies all lifting views and pointing to stronger auto and energy deliveries plus improving Q2 setup. Tesla’s Strong Auto, Energy Deliveries Position it for Solid Q2, Morgan Stanley Says
• Positive Sentiment: Tesla posted its best quarter in two years on deliveries, beating expectations by a wide margin and reinforcing the view that Q2 fundamentals may be improving. Elon Musk’s Tesla Posts Best Quarter in Two Years
• Positive Sentiment: Investor focus on Tesla’s robotaxi and robotics story remains a source of optimism, with articles highlighting a potential autonomous vehicle catalyst and a broader pivot toward robots and AI. A Purpose-Built, Wheelchair-Accessible Autonomous Vehicle Gives Tesla Stock (NASDAQ:TSLA) a Boost
• Neutral Sentiment: Some coverage remains cautious, noting Tesla is still trading at a demanding valuation and that analysts are not uniformly bullish despite the higher targets. Three Price Target Boosts Can’t Help Tesla Stock
• Neutral Sentiment: Recent commentary also flagged that Tesla’s robotaxi rollout and AI narrative still need clearer proof points, which could limit near-term upside if investors want more concrete execution. Musk hailed Tesla robotaxis in Texas as the start of a nationwide march. But actually hailing one isn’t easy
• Negative Sentiment: Tesla still faces competitive pressure and market skepticism, including concerns about rivals narrowing the autonomous-driving gap and earlier weakness tied to slower AI progress. Tesla Stock (TSLA) Takes a Battering as Chinese Rival XPeng Declares it is Ready to Go Head-to-Head

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of analyst reports. Mizuho dropped their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Truist Financial increased their price target on shares of Tesla from $400.00 to $430.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, Citigroup initiated coverage on shares of Tesla in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $408.07.

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.