Elgethun Capital Management Invests $559,000 in Tesla, Inc. $TSLA

Elgethun Capital Management purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,244 shares of the electric vehicle producer’s stock, valued at approximately $559,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Networth Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth $26,000. Davidson Capital Management Inc. increased its holdings in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla during the 3rd quarter worth approximately $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 0.0%

Shares of NASDAQ:TSLA opened at $423.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 1 year low of $273.21 and a 1 year high of $498.83. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 388.72, a PEG ratio of 16.73 and a beta of 1.80. The stock has a 50-day simple moving average of $394.52 and a 200-day simple moving average of $416.14.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $22.96 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 business’s 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 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. Insiders have sold a total of 57,482 shares of company stock valued at $21,508,331 in the last quarter. Company insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TSLA shares. Robert W. Baird cut their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. HSBC started coverage on Tesla in a research report on Monday, April 27th. They set a “buy” rating for the company. Mizuho reduced their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Finally, President Capital boosted their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $395.20.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported a strong May rebound in China-made EV sales, with Shanghai deliveries jumping nearly 40% year over year, suggesting demand is stabilizing in one of its most important markets. Tesla’s Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: The company expanded its unsupervised robotaxi service area in Austin, reinforcing the bull case around Tesla’s autonomy strategy and long-term AI/robotics growth narrative. Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: Estonia cleared Tesla’s FSD Supervised system for use, adding another European market and supporting the idea that Tesla can keep broadening its driver-assistance rollout. Is Tesla’s FSD Supervised Gaining Momentum Across Europe?
• Positive Sentiment: Several articles argue Tesla’s recent rebound is tied to improved China and Europe delivery trends, which may help offset fears that EV demand is weakening. Tesla stock rebounding around 1.5% today: what’s behind the move?

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.