Prospera Financial Services Inc Grows Stake in Tesla, Inc. $TSLA

Prospera Financial Services Inc grew its position in Tesla, Inc. (NASDAQ:TSLA) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,837 shares of the electric vehicle producer’s stock after purchasing an additional 11,892 shares during the quarter. Prospera Financial Services Inc’s holdings in Tesla were worth $27,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Boundless Plain Holdings Ltd purchased a new position in Tesla in the fourth quarter worth $20,314,000. Coldstream Capital Management Inc. grew its holdings in Tesla by 12.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 74,630 shares of the electric vehicle producer’s stock worth $33,562,000 after purchasing an additional 8,293 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new position in Tesla in the fourth quarter worth $59,428,000. Shelter Rock Management LLC purchased a new position in Tesla in the fourth quarter worth $378,000. Finally, Pathfinder Wealth Consulting Inc. purchased a new position in Tesla in the fourth quarter worth $1,611,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction 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. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 83,213 shares of company stock worth $32,201,105. 19.90% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of TSLA opened at $426.01 on Friday. The firm has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The company’s fifty day moving average price is $387.76 and its 200-day moving average price is $416.91.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TSLA shares. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wells Fargo & Company cut their price target on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Bank of America assumed coverage on shares of Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price target on the stock. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $395.20.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

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.