Midwest Trust Co Has $69.64 Million Stock Position in Tesla, Inc. $TSLA

Midwest Trust Co lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the first quarter, HoldingsChannel reports. The fund owned 187,319 shares of the electric vehicle producer’s stock after selling 2,727 shares during the quarter. Tesla makes up approximately 0.9% of Midwest Trust Co’s holdings, making the stock its 29th largest holding. Midwest Trust Co’s holdings in Tesla were worth $69,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Networth Advisors LLC acquired a new stake in Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. lifted its stake 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 in the last quarter. Friedenthal Financial grew its holdings in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. bought a new stake in shares of Tesla during the fourth quarter worth about $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Q2 2026 deliveries came in at a record 480,126 vehicles, beating expectations and reinforcing that demand remains resilient. Elon Musk Has Mojo Back, As Tesla Quarterly Deliveries Skyrocket
• Positive Sentiment: Tesla gained share in China, and the Model Y reclaimed the country’s best-selling vehicle title in June, helping support the bull case for international growth. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
• Positive Sentiment: UBS raised its price target on Tesla to $442 from $364, while RBC lifted its target to $500, signaling continued Wall Street confidence in the stock’s longer-term upside. Tesla (NASDAQ:TSLA) Given New $442.00 Price Target at UBS Group
• Neutral Sentiment: Analyst commentary remains mixed: Citizens started coverage with a Hold/Market Perform stance, and Zacks trimmed several future EPS estimates even as it raised its FY2026 forecast. Tesla Stock: Citizens Begins Coverage of TSLA with Caution on Physical AI Timeline
• Negative Sentiment: Investors are still worried that Robotaxi and Optimus may take longer to scale, with multiple reports saying the valuation already prices in a faster rollout than the business can currently deliver. The Massive Valuation Risk Keeping Tesla Stock From Breaking Out
• Negative Sentiment: Regulatory risk remains an overhang, including a proposed New Jersey bill that could restrict Tesla’s self-driving efforts because it does not rely on radar and lidar. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
• Negative Sentiment: Legal and governance concerns around Elon Musk and Tesla’s autonomy claims continue to weigh on sentiment, including fresh scrutiny of Musk’s SEC settlement and ongoing lawsuits tied to Autopilot and workplace issues. Elon Musk SEC Settlement Raises ‘Red Flags,’ Judge Says

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSLA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. The Goldman Sachs Group initiated coverage on Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. Truist Financial upped their price target on Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target for the company in a research report on Friday, April 24th. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $406.87.

Tesla Price Performance

TSLA traded up $1.21 during trading on Friday, reaching $407.76. 33,333,565 shares of the company were exchanged, compared to its average volume of 42,504,768. Tesla, Inc. has a 12-month low of $297.82 and a 12-month high of $498.83. The company’s 50-day moving average is $410.46 and its two-hundred day moving average is $409.23. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 374.09, a P/E/G ratio of 14.93 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its 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 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 analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. 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 32,015 shares of company stock worth $12,383,640 over the last quarter. Corporate insiders own 19.90% of the company’s stock.

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.