Kesler Norman & Wride LLC Sells 1,458 Shares of Tesla, Inc. $TSLA

Kesler Norman & Wride LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,722 shares of the electric vehicle producer’s stock after selling 1,458 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Tesla were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Networth Advisors LLC bought a new position in Tesla in the 4th quarter worth $26,000. Davidson Capital Management Inc. lifted 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 acquiring an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the third quarter valued at about $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the third quarter worth about $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen reissued a “buy” rating and issued a $490.00 price target on shares of Tesla in a report on Thursday, April 23rd. Wedbush reiterated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Tuesday, April 21st. Glj Research restated a “sell” rating on shares of Tesla in a research report on Tuesday, April 21st. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating in a research note on Monday, April 27th. Finally, President Capital lifted their price target on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $395.20.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported a strong May rebound in China-made EV sales, with Shanghai deliveries jumping nearly 40% year over year, suggesting demand is stabilizing in one of its most important markets. Tesla’s Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: The company expanded its unsupervised robotaxi service area in Austin, reinforcing the bull case around Tesla’s autonomy strategy and long-term AI/robotics growth narrative. Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: Estonia cleared Tesla’s FSD Supervised system for use, adding another European market and supporting the idea that Tesla can keep broadening its driver-assistance rollout. Is Tesla’s FSD Supervised Gaining Momentum Across Europe?
• Positive Sentiment: Several articles argue Tesla’s recent rebound is tied to improved China and Europe delivery trends, which may help offset fears that EV demand is weakening. Tesla stock rebounding around 1.5% today: what’s behind the move?

Insider Transactions at Tesla

In other Tesla news, 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 sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly 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 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. In the last ninety days, insiders sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is owned by insiders.

Tesla Trading Down 0.0%

TSLA stock opened at $423.70 on Thursday. The firm has a fifty day moving average price of $394.52 and a 200 day moving average price of $416.14. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The firm has a market cap of $1.59 trillion, a PE ratio of 388.72, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80. 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 released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) 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 company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Tesla’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

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.