Principal Financial Group Inc. Sells 102,206 Shares of Tesla, Inc. $TSLA

Principal Financial Group Inc. trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.6% during the first quarter, HoldingsChannel reports. The fund owned 3,803,408 shares of the electric vehicle producer’s stock after selling 102,206 shares during the period. Tesla comprises about 0.8% of Principal Financial Group Inc.’s investment portfolio, making the stock its 23rd largest position. Principal Financial Group Inc.’s holdings in Tesla were worth $1,413,917,000 as of its most recent filing with the Securities & Exchange Commission.

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

Tesla Stock Down 3.2%

TSLA opened at $394.76 on Tuesday. The stock has a fifty day moving average of $410.72 and a 200-day moving average of $408.03. The company has a market capitalization of $1.48 trillion, a P/E ratio of 362.17, a P/E/G ratio of 14.93 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $297.82 and a fifty-two week high of $498.83. 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 (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping 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 analyst estimates of $22.96 billion. During the same period last year, the firm earned $0.27 earnings per share. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts expect that Tesla, Inc. will post 1.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TSLA shares. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. Robert W. Baird lowered their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Guggenheim initiated coverage on Tesla in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a research report on Friday, April 24th. Finally, Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $407.58.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Q2 deliveries came in well above expectations at 480,126 vehicles, and analysts have reportedly raised estimates ahead of the July 22 earnings report, improving the near-term setup for results. Tesla Stock Earnings Setup Shifts After Major Delivery Beat
• Positive Sentiment: Jefferies raised its price target on Tesla to $400 from $375, suggesting some Wall Street analysts still see upside even while keeping a cautious stance. Why Jefferies Raised Tesla’s Price Target but Remains Cautious
• Neutral Sentiment: Commentary around Tesla’s stock “stagnation” and post-earnings price behavior reflects a bullish longer-term narrative, but it is largely opinion-based rather than a direct catalyst. The Burst Phenomenon: Why Tesla’s Stock Stagnation Will Soon End
• Neutral Sentiment: Technical analysis suggests Tesla’s bullish trend remains intact, but traders are watching support and resistance closely ahead of earnings. Tesla (TSLA) Price Forecast: Bullish Trend Tests Key Support Ahead of Earnings
• Neutral Sentiment: Reports and commentary about a possible SpaceX-Tesla tie-up and other Musk-related speculation are drawing attention, but they remain highly uncertain and don’t change Tesla’s fundamentals today. Would A SpaceX-Tesla Merger Make Elon Musk Unstoppable? | IBD
• Neutral Sentiment: Tesla’s AI and robotics story continues to attract interest, including discussion of Optimus production and Grok 4.5 use to lower AI costs, but these are still medium- to long-term themes. Tesla (TSLA) Pushes Staff Toward Grok 4.5 as Musk Targets Lower AI Costs
• Negative Sentiment: New federal scrutiny of Tesla’s robotaxi plans is a headwind, with regulators and lawmakers raising safety concerns that could slow autonomous rollout. Tesla (TSLA) Faces New Robotaxi Safety Questions From Federal Regulators
• Negative Sentiment: Competition is also pressuring sentiment, as XPeng and Rivian-related coverage highlights growing EV and self-driving threats, while Tesla’s FSD and robotaxi execution remain under the microscope. Tesla Stock (TSLA) Takes a Battering as Chinese Rival XPeng Declares it is Ready to Go Head-to-Head

Insider Buying and Selling

In related news, 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 directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 firm’s stock in a transaction 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 owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,015 shares of company stock worth $12,383,640. Company insiders own 19.90% of the company’s stock.

Tesla 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.