Integrated Advisors Network LLC Cuts Position in Tesla, Inc. $TSLA

Integrated Advisors Network LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 20.7% during the first quarter, HoldingsChannel reports. The firm owned 30,633 shares of the electric vehicle producer’s stock after selling 7,980 shares during the period. Integrated Advisors Network LLC’s holdings in Tesla were worth $11,388,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Networth Advisors LLC bought a new stake in Tesla in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new position in Tesla during the second quarter valued at approximately $26,000. Davidson Capital Management Inc. raised its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Friedenthal Financial lifted its holdings in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at $30,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade 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. In the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is currently owned by company insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Tesla to $500 from $475 and kept an outperform rating, signaling continued upside expectations. Benzinga
• Positive Sentiment: Tesla’s Q2 delivery report showed a strong rebound in EV deliveries, which investors are reading as evidence that the core auto business is turning around. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi service to Miami, its first city outside Texas and California, reinforcing the company’s long-term autonomy story and helping lift the stock. Article Title
• Positive Sentiment: Analysts and market commentators noted that Tesla could see estimate revisions and a rebound ahead of its July 22 earnings report, adding to near-term bullish momentum. Article Title
• Neutral Sentiment: Several pieces focused on Tesla’s growing humanoid-robot and autonomy ambitions, including speculation about a future Tesla-SpaceX combination, but these are still long-dated narratives rather than immediate fundamentals. Article Title
• Neutral Sentiment: Wall Street also continues to debate whether Tesla’s AI and robotaxi optionality justifies the valuation, with some analysts preferring SpaceX over Tesla for Elon Musk exposure. Article Title
• Negative Sentiment: Bearish coverage remains a headwind, with articles questioning Tesla’s expensive valuation and whether autonomy progress is happening fast enough to support the stock. Article Title

Tesla Stock Down 1.0%

Shares of NASDAQ:TSLA opened at $415.51 on Tuesday. The stock’s 50-day moving average is $407.39 and its 200 day moving average is $411.34. The company has a market cap of $1.56 trillion, a PE ratio of 381.21, a P/E/G ratio of 15.61 and a beta of 1.80. 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, Inc. has a 1 year low of $293.55 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share 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 business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the business posted $0.27 EPS. The business’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, June 29th. Guggenheim began coverage on Tesla in a research note on Monday, June 29th. They issued a “neutral” rating for the company. Robert W. Baird reduced their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $404.64.

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.