4,002 Shares in Tesla, Inc. $TSLA Bought by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 4,002 shares of the electric vehicle producer’s stock, valued at approximately $1,800,000. Tesla comprises 1.2% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new position in Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. lifted its position in Tesla by 79.4% during 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 period. Prism Advisors Inc. purchased a new position in Tesla during the fourth quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter valued at $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, 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 completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,824 shares of company stock valued at $21,657,588 over the last quarter. 19.90% of the stock is owned by corporate insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan sharply raised its Tesla price target from $145 to $475 and shifted its stance away from a bearish view, arguing that the market is undervaluing Tesla’s potential in autonomy, robotics, energy storage, and infrastructure licensing.
• Positive Sentiment: Reports that Tesla is rolling out unsupervised robotaxis in the Austin metro area are reinforcing the company’s autonomy narrative and supporting optimism about future software-driven revenue growth.
• Positive Sentiment: News that Tesla won approval for FSD expansion in Denmark, along with encouraging Dutch safety results showing fewer crashes, adds credibility to the company’s self-driving push and could help the case for a broader European rollout.
• Positive Sentiment: Tesla CEO Elon Musk’s plans for a SpaceX IPO, combined with widespread speculation about a possible future merger or deeper collaboration between SpaceX and Tesla, have fueled investor excitement around Musk’s broader AI and tech empire.
• Positive Sentiment: Commentary highlighting Tesla’s strong China retail sales and export growth has provided another support point for bulls who see demand still holding up in key international markets.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja sold shares to cover tax withholding obligations related to equity awards, a routine insider transaction that is not necessarily a negative signal for the business.
• Neutral Sentiment: Several articles emphasized Tesla’s valuation debate, with bears still arguing the stock remains expensive versus current earnings, even as bulls focus on long-term growth from robotics and autonomous driving.
• Negative Sentiment: Some traders reported pressure on TSLA as investors rotated out of high-valuation tech names and questioned whether enthusiasm around SpaceX and Musk’s side projects could distract from Tesla’s core execution.

Analyst Ratings Changes

Several equities analysts have commented on TSLA shares. Canaccord Genuity Group raised their price objective on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised Tesla from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $145.00 to $475.00 in a research report on Friday, June 5th. Jefferies Financial Group reissued a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Tuesday, April 21st. Finally, China Renaissance lowered their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Twenty-two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $404.37.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $396.68 on Wednesday. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. 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 moving average price of $396.77 and a 200-day moving average price of $416.12. The company has a market capitalization of $1.49 trillion, a PE ratio of 363.93, a PEG ratio of 16.15 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, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the company earned $0.27 EPS. Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 1.2 EPS 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.