Clearstead Advisors LLC Purchases 6,746 Shares of Tesla, Inc. $TSLA

Clearstead Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,773 shares of the electric vehicle producer’s stock after buying an additional 6,746 shares during the quarter. Clearstead Advisors LLC’s holdings in Tesla were worth $21,035,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Networth Advisors LLC acquired a new position in Tesla during the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. boosted its position in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new position in Tesla during the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in Tesla during the third quarter valued at approximately $31,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction 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 transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Tesla stock in a transaction 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 completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,213 shares of company stock valued at $32,201,105 over the last ninety days. Insiders own 19.90% of the company’s stock.

Trending Headlines about Tesla

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 Price Performance

Shares of NASDAQ TSLA opened at $426.01 on Monday. The stock has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a P/E/G 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. The business has a fifty day moving average price of $387.76 and a two-hundred day moving average price of $416.55. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83.

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 the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. As a group, equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSLA. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus set a $508.00 price objective on Tesla in a research report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $395.20.

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.