Carroll Advisory Group LLC Makes New Investment in Tesla, Inc. $TSLA

Carroll Advisory Group LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,554 shares of the electric vehicle producer’s stock, valued at approximately $3,397,000. Tesla makes up approximately 1.5% of Carroll Advisory Group LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ARQ Wealth Advisors LLC raised its stake in Tesla by 71.1% in the 4th quarter. ARQ Wealth Advisors LLC now owns 1,381 shares of the electric vehicle producer’s stock worth $621,000 after purchasing an additional 574 shares in the last quarter. Buckhead Capital Management LLC acquired a new stake in Tesla in the 4th quarter worth about $490,000. Jefferies Financial Group Inc. raised its stake in Tesla by 27.7% in the 4th quarter. Jefferies Financial Group Inc. now owns 188,247 shares of the electric vehicle producer’s stock worth $84,659,000 after purchasing an additional 40,816 shares in the last quarter. Banta Asset Management LP acquired a new stake in Tesla in the 4th quarter worth about $409,000. Finally, Parkshore Wealth Management Inc. raised its stake in Tesla by 0.6% in the 4th quarter. Parkshore Wealth Management Inc. now owns 8,559 shares of the electric vehicle producer’s stock worth $3,849,000 after purchasing an additional 48 shares in the last quarter. 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’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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research note on Thursday, April 23rd. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Tuesday, April 21st. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research note on Tuesday, April 21st. UBS Group lifted their price objective on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley set a $415.00 target price on shares of Tesla and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $395.20.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,213 shares of company stock valued at $32,201,105 over the last 90 days. Corporate insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $426.01 on Friday. The firm has a 50 day moving average of $387.76 and a 200-day moving average of $416.91. The stock has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a PEG ratio of 16.82 and a beta of 1.79. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last issued 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 during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, equities research analysts predict that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

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.