Strait & Sound Wealth Management LLC Has $2.84 Million Stock Holdings in Tesla, Inc. $TSLA

Strait & Sound Wealth Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 31.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,381 shares of the electric vehicle producer’s stock after selling 2,962 shares during the quarter. Tesla comprises approximately 1.1% of Strait & Sound Wealth Management LLC’s holdings, making the stock its 20th largest position. Strait & Sound Wealth Management LLC’s holdings in Tesla were worth $2,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Vanguard Group Inc. boosted its holdings in Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Geode Capital Management LLC lifted its position in shares of Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. Norges Bank bought a new stake in Tesla during the 2nd quarter valued at approximately $11,839,824,000. Legal & General Group Plc grew its holdings in Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. Finally, Amundi increased its position in Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after buying an additional 3,422,270 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSLA shares. Melius started coverage on shares of Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 price objective on the stock. Mizuho increased their price target on shares of Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a report on Tuesday, December 16th. Morgan Stanley set a $425.00 price objective on shares of Tesla and gave the stock an “equal weight” rating in a report on Sunday, December 7th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Wednesday, October 22nd. Finally, Dbs Bank upgraded Tesla to a “hold” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $414.36.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.90% of the company’s stock.

Key Stores Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: RBC reiterated a “buy” on TSLA with a $500 price target — a signal that some large brokers still see meaningful upside tied to Tesla’s longer‑term story. MarketScreener Latest Ratings
• Positive Sentiment: Dan Ives and other bulls kept high targets and public optimism about Tesla’s valuation if autonomy/robotaxi execution accelerates — a reminder investors are pricing optionality beyond car volumes. Dan Ives Maintains Street-High Tesla Price Target
• Positive Sentiment: Record energy‑storage deployments in Q4 were disclosed alongside vehicle numbers — a business line that can help revenue diversification and offset auto weakness. Benzinga: Tesla Deliveries Slide, Energy Storage Hits Records
• Neutral Sentiment: Some Wall Street coverage and commentators note Tesla can “shake off” the delivery miss because investors are focused on AI/autonomy upside — but that view depends on execution and timing. TSLA: Tesla Stock Rises Despite Missing Q4 Delivery Estimates
• Neutral Sentiment: Canaccord and other sell‑side analysts are discussing CyberCab/robotaxi scale plans for 2026 — bullish if achieved but execution risk remains. Canaccord Genuity on CyberCab Production
• Negative Sentiment: Tesla reported Q4 deliveries (~418k) down ~16% year‑over‑year and full‑year sales declined for a second consecutive year, missing already‑low Street expectations — the direct driver of today’s negative price reaction. Reuters: Tesla’s quarterly deliveries fall
• Negative Sentiment: BYD overtook Tesla as the world’s top battery‑electric seller in 2025 — a strategic and competitive setback that raises pricing and market‑share concerns, especially in China and Europe. MarketWatch: BYD overtakes Tesla
• Negative Sentiment: Regional weakness (sharp registration declines in parts of Europe) and the expiration of U.S. federal EV tax breaks were cited as reasons for demand softness — risks to near‑term volumes. Benzinga: Tesla’s European slump worsens
• Negative Sentiment: Some broker moves trimmed targets/ratings (Truist trimmed price target to $439 and maintained a Hold; other houses remain cautious), adding pressure for disappointed near‑term returns. TickerReport: Truist lowers PT on Tesla

Tesla Stock Performance

NASDAQ:TSLA opened at $438.07 on Friday. The firm has a market capitalization of $1.46 trillion, a PE ratio of 292.05, a price-to-earnings-growth ratio of 7.18 and a beta of 1.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The firm has a 50-day moving average price of $445.77 and a 200 day moving average price of $390.82.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 2.56 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.