Pitcairn Co. Sells 1,313 Shares of Tesla, Inc. $TSLA

Pitcairn Co. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,718 shares of the electric vehicle producer’s stock after selling 1,313 shares during the period. Pitcairn Co.’s holdings in Tesla were worth $5,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Manning & Napier Advisors LLC acquired a new position in Tesla during the third quarter valued at approximately $29,000. Westend Capital Management LLC acquired a new position in shares of Tesla during the 3rd quarter worth $32,000. Chapman Financial Group LLC acquired a new position in shares of Tesla during the 2nd quarter worth $26,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 2nd quarter worth $30,000. Finally, ESL Trust Services LLC boosted its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bank of America reinstated coverage with a Buy rating and a $460 price target, highlighting Tesla’s leadership in consumer autonomy and robotaxi upside — a bullish call that lifted sentiment and prompted earlier buying interest. BofA bullish on Tesla
• Positive Sentiment: Mixed but improving Europe deliveries: Tesla reported stronger February registrations in several EU markets (notably France and Portugal), suggesting a potential regional rebound that supports revenue expectations if the trend continues. Tesla Reverses Sales Slump In Europe
• Neutral Sentiment: Elon Musk reiterated Tesla’s long‑term robotics/AI ambitions, claiming Optimus and related work could lead toward AGI in humanoid form — a high‑conviction, long‑horizon narrative that supports premium valuation assumptions but is speculative for near‑term earnings. Elon Musk: Tesla’s Robots Could Reach AGI
• Neutral Sentiment: Major Tesla shareholder Leo KoGuan disclosed a large purchase of Nvidia shares; while not a Tesla trade, it signals some heavyweight holders reallocating into AI hardware, which can pull marginal flows away from high‑beta names like TSLA. Billionaire buys 1M Nvidia shares
• Negative Sentiment: Regulatory overhang: Tesla must submit detailed FSD data to the NHTSA by March 9 — a deadline investors view as binary for the autonomy narrative. A weak submission or escalating scrutiny would directly threaten the valuation premium tied to robotaxi/autonomy prospects. Tesla’s 2026 May Hinge on a March 9 Outcome
• Negative Sentiment: UK sales weakness: SMMT/Reuters data show a ~37% drop in Tesla UK deliveries in February, underscoring intensified competition from BYD and others — concrete sales softness that can pressure near‑term revenue and sentiment. Tesla UK car sales drop 37%
• Negative Sentiment: Analyst pressure: BNP Paribas/other firms have cut price targets (BNP to $280) and at least one downgrade is linked to recent pullbacks — analyst skepticism keeps downside risk on the table and can amplify selling if negative news hits. BNP Paribas cuts price target
• Negative Sentiment: Competitive threat from BYD: technical advances (faster charging/battery developments) and moves to expand into Canada/other markets pose longer‑term market‑share pressure that investors view as a structural risk to Tesla’s growth margins. BYD new 5-minute battery charger

Insider Buying and Selling

In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the sale, the director owned 19,669 shares of the company’s stock, valued at approximately $8,173,649.64. This trade represents a 56.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 145,188 shares of company stock valued at $64,193,919 in the last ninety days. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $405.39 on Friday. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 375.36, a P/E/G ratio of 14.45 and a beta of 1.89. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The company’s fifty day moving average is $426.74 and its 200 day moving average is $422.24. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the company earned $0.73 EPS. Tesla’s revenue for the quarter was down 3.1% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. President Capital dropped their target price on shares of Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a report on Friday, January 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $405.00 price objective on shares of Tesla in a research report on Thursday, January 29th. DZ Bank restated a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. Bank of America started coverage on shares of Tesla in a report on Wednesday. They set a “buy” rating and a $460.00 price target for the company. Finally, Canaccord Genuity Group set a $520.00 price target on Tesla in a research note on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $406.84.

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.