Tesla, Inc. $TSLA Stake Boosted by Dakota Community Bank & Trust NA

Dakota Community Bank & Trust NA lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 39.2% in the 1st quarter, Holdings Channel reports. The fund owned 12,235 shares of the electric vehicle producer’s stock after acquiring an additional 3,448 shares during the quarter. Tesla accounts for 15.4% of Dakota Community Bank & Trust NA’s holdings, making the stock its biggest holding. Dakota Community Bank & Trust NA’s holdings in Tesla were worth $4,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its position in Tesla by 34.7% during 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 during the period. Calamos Wealth Management LLC raised its position 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 worth $18,846,000 after acquiring an additional 2,341 shares during the period. Private Capital Advisors Inc. boosted its stake in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after acquiring an additional 12,417 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Tesla during the 4th quarter valued at $1,035,000. Finally, Knights of Columbus Asset Advisors LLC grew its position 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 valued at $28,998,000 after acquiring an additional 16,652 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a report on Thursday, July 23rd. Piper Sandler cut their price target on Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Truist Financial set a $370.00 price target on Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. President Capital raised their price objective on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price objective (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $402.24.

Tesla Trading Down 0.0%

Shares of Tesla stock opened at $311.20 on Monday. The company has a market capitalization of $1.23 trillion, a P/E ratio of 288.15, a P/E/G ratio of 15.44 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a fifty day moving average of $389.93 and a 200 day moving average of $397.55. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the business earned $0.33 earnings per share. Tesla’s revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% 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. Corporate insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

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.