Tesla, Inc. $TSLA Stake Lessened by Brookstone Capital Management

Brookstone Capital Management lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,528 shares of the electric vehicle producer’s stock after selling 8,237 shares during the period. Brookstone Capital Management’s holdings in Tesla were worth $40,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Tesla during the 4th quarter worth about $17,128,100,000. Corient Private Wealth LLC grew its stake in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its position in shares of Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after purchasing an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 57,824 shares of company stock worth $21,657,588 over the last three months. Company insiders own 19.90% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s new “Megapod” trademark filing is being viewed as a possible move into AI data-center hardware, reinforcing the bull case that TSLA could benefit from high-growth AI infrastructure opportunities. Tesla Shares Surge After Megapod Trademark Filing
• Positive Sentiment: Reports that Tesla’s Semi is generating strong interest and showing encouraging results suggest another potential growth avenue outside the core passenger EV business. A Little Good News for Tesla’s Big Forgotten Product
• Neutral Sentiment: Analyst commentary today was mixed: Jefferies kept a Hold/Neutral view and raised its price target, signaling Tesla still has supporters but also limited near-term upside at current levels. Jefferies adjusts price target on Tesla
• Neutral Sentiment: Broader market coverage noted Tesla was outperforming a weak market as investors looked past the SpaceX pullback and stayed focused on Tesla’s long-term AI narrative. Why Tesla stock is beating the broader market today
• Negative Sentiment: Federal regulators opened a new investigation into a fatal Texas crash involving a Tesla Model 3, after the driver said Autopilot was active; that raises fresh safety, legal, and reputational risks for TSLA’s self-driving business. Tesla faces federal probe after Model 3 slams into Texas home
• Negative Sentiment: Additional coverage of the crash and the related federal probe keeps pressure on Tesla’s Autopilot/FSD credibility and could weigh on sentiment if the investigation expands. Tesla pushes back on Autopilot narrative after fatal Texas crash

Tesla Price Performance

NASDAQ TSLA opened at $405.05 on Tuesday. 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 stock has a market capitalization of $1.52 trillion, a PE ratio of 371.61, a price-to-earnings-growth ratio of 16.01 and a beta of 1.80. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The company has a 50 day moving average price of $404.52 and a two-hundred day moving average price of $414.98.

Tesla (NASDAQ:TSLA) last released its quarterly 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 net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the firm earned $0.27 EPS. Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TSLA. Canaccord Genuity Group boosted their price objective on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research note on Friday, April 24th. BNP Paribas Exane cut shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Finally, Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $405.06.

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.