Asset One Wealth Management LLC Takes Position in Tesla, Inc. $TSLA

Asset One Wealth Management LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,402 shares of the electric vehicle producer’s stock, valued at approximately $3,122,000.

Other hedge funds have also modified their holdings of the company. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the third quarter valued at about $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla in the third quarter valued at about $31,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other Tesla 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. Company insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Tesla in a research report on Thursday, June 4th. Phillip Securities cut their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Piper Sandler restated an “overweight” rating on shares of Tesla in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $145.00 to $475.00 in a research report on Friday, June 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $404.37.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Goldman Sachs raised its Q2 delivery outlook for Tesla, suggesting second-quarter vehicle deliveries could come in stronger than expected. Goldman Sachs Raises Tesla Delivery Forecast as Second-Quarter Performance Appears Stronger Than Expected (TSLA)
• Positive Sentiment: Comments from a Texas DOT official and other coverage continue to support Tesla’s robotaxi/Cybercab story, reinforcing investor hopes that autonomy could become a major future growth driver. Elon Musk’s Robotaxi Goals Get A Boost As Texas DOT Official Hails Tesla Cybercab
• Positive Sentiment: New chip and AI commentary, including Tesla’s AI5 tape-out and broader “physical AI” bullishness, is feeding the long-term thesis that Tesla can evolve beyond auto sales into an AI/robotics platform. Tesla’s AI5 Chip Recently Completed Tape-Out. Here’s Why This Could Be the Most Important Development in the Company’s Transition From Automaker to AI Giant.
• Neutral Sentiment: Ongoing speculation about a Tesla-SpaceX merger is drawing attention and adding optionality to the stock, but it remains unconfirmed and could face regulatory hurdles if it ever became real. Musk’s Next Move May Be a Mega-Merger of SpaceX and Tesla
• Neutral Sentiment: Tesla’s expansion into Argentina and charging/energy-storage collaboration news is constructive for long-term global infrastructure growth, but it is not likely to move shares much on its own. Argentina’s YPF, Tesla to explore EV charging, energy storage collaboration
• Negative Sentiment: Shares are under pressure from renewed scrutiny of Tesla’s Full Self-Driving safety data, with U.S. senators asking regulators to review whether Tesla’s crash statistics are misleading or incomplete. US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report
• Negative Sentiment: Multiple articles say Tesla is slipping because investors remain unconvinced that upbeat delivery estimates alone can offset valuation concerns, competitive pressure, and caution around the autonomy narrative. Tesla stock slips below $400: why upbeat EV sales estimates are not helping
• Negative Sentiment: Bearish commentary from analysts and media also highlights concerns that Tesla’s robotaxi progress is still limited versus competitors, adding to valuation skepticism. Tesla Has Only 69 Robotaxis In Texas — But They Are Cheap

Tesla Trading Down 2.0%

Shares of TSLA stock opened at $396.38 on Thursday. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The firm has a market cap of $1.49 trillion, a PE ratio of 363.65, a price-to-earnings-growth ratio of 16.17 and a beta of 1.80. The company has a 50-day moving average of $401.11 and a two-hundred day moving average of $415.57. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 1.19 EPS for the current 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.