Castleark Management LLC Buys 11,080 Shares of Tesla, Inc. $TSLA

Castleark Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 39.4% during the first quarter, Holdings Channel reports. The institutional investor owned 39,180 shares of the electric vehicle producer’s stock after purchasing an additional 11,080 shares during the quarter. Castleark Management LLC’s holdings in Tesla were worth $14,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its stake in Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares during the period. Calamos Wealth Management LLC lifted its stake in Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after purchasing an additional 2,341 shares during the period. Private Capital Advisors Inc. lifted its stake in Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after purchasing an additional 12,417 shares during the period. Wealthquest Corp bought a new stake in shares of Tesla in the 4th quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in shares of Tesla by 34.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after buying an additional 16,652 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Record quarterly revenue and deliveries show Tesla is still growing its top line. Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
• Positive Sentiment: Some investors remain bullish on the long term, with ARK/Cathie Wood buying the dip after the post-earnings slump. Cathie Wood’s Ark Bought the Dip in Tesla Stock
• Neutral Sentiment: Tesla continued to promote robotaxi and Optimus progress, but the market appears to want tangible revenue and execution milestones before rewarding those ambitions. Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
• Negative Sentiment: Q2 earnings missed expectations, and Tesla reported negative free cash flow as spending surged. Tesla’s once-bullish tone on robotaxis shifts
• Negative Sentiment: Management’s large 2026 capex plan and AI spending push are spooking investors over margins and cash burn. Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
• Negative Sentiment: Analysts have been lowering price targets following the report, reflecting near-term profitability concerns. Tesla Stock Plunges as Analysts Slash Price Targets after Q2 Earnings Miss

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSLA shares. Barclays raised their target price on Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. China Renaissance dropped their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $485.00 price objective (down from $510.00) on shares of Tesla in a report on Thursday. Roth Capital restated a “buy” rating and issued a $505.00 target price on shares of Tesla in a research note on Thursday. Finally, BNP Paribas Exane cut shares of Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $404.95.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 32,015 shares of company stock worth $12,383,640. Insiders own 19.90% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $313.03 on Monday. The business’s fifty day moving average is $400.74 and its two-hundred day moving average is $402.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.24 trillion, a P/E ratio of 289.85, a P/E/G ratio of 10.80 and a beta of 1.80. Tesla, Inc. has a 52 week low of $297.82 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same quarter last year, the business posted $0.33 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 1.33 earnings per share for the current fiscal year.

Tesla Company 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.