Three Seasons Wealth LLC Reduces Holdings in Tesla, Inc. $TSLA

Three Seasons Wealth LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 99.9% in the first quarter, Holdings Channel reports. The institutional investor owned 917 shares of the electric vehicle producer’s stock after selling 661,031 shares during the period. Three Seasons Wealth LLC’s holdings in Tesla were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Crestwood Advisors Group LLC grew its stake in shares of Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares during the period. Calamos Wealth Management LLC raised its stake in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after acquiring an additional 2,341 shares during the period. Private Capital Advisors Inc. lifted its holdings in Tesla by 139.3% during 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 purchasing an additional 12,417 shares in the last quarter. Wealthquest Corp bought a new position in shares of Tesla in the fourth quarter worth approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of Tesla by 34.8% in the fourth 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 period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In other Tesla 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 transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at $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 Securities & Exchange Commission, which is available at 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 company’s stock in a transaction that occurred on Thursday, April 30th. The shares were 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 in the company, valued at approximately $18,300,145.89. This represents 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 32,015 shares of company stock worth $12,383,640 over the last quarter. 19.90% of the stock is currently owned by insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s stronger-than-expected vehicle deliveries last quarter support the case that demand remains resilient, and the company may also benefit from tighter global emissions rules that could accelerate EV adoption. Tesla’s Delivery Surprise Was Big—Earnings Need to Be Bigger
• Positive Sentiment: Investor interest is high ahead of the July 22 earnings call, with questions focused on robotaxi progress, Optimus, Cybercab, and Elon Musk’s comments, which could provide a catalyst if Tesla offers credible updates. Tesla Q2 Earnings: Elon Musk’s Pay Package, Cybercab and Optimus Lead Top Investor Questions
• Positive Sentiment: Some analysts remain constructive, noting Tesla is positioned to benefit from EV adoption trends and long-term software/autonomy opportunities. Tesla Rides Tightening Global Emission Standards for EV Thrust

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSLA shares. Truist Financial raised their price objective on shares of Tesla from $400.00 to $430.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. UBS Group boosted their price objective on Tesla from $364.00 to $442.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Jefferies Financial Group set a $400.00 price target on Tesla and gave the stock a “hold” rating in a report on Monday. President Capital lifted 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. Finally, Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $408.07.

Tesla Stock Down 0.9%

NASDAQ TSLA opened at $391.06 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $297.82 and a 52 week high of $498.83. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 358.77, a PEG ratio of 14.39 and a beta of 1.80. The company has a fifty day moving average of $410.37 and a two-hundred day moving average of $406.18.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. On average, analysts predict that Tesla, Inc. will post 1.3 earnings per share for the current 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.