Apriem Advisors Sells 2,994 Shares of Tesla, Inc. $TSLA

Apriem Advisors cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,799 shares of the electric vehicle producer’s stock after selling 2,994 shares during the period. Tesla makes up approximately 0.7% of Apriem Advisors’ holdings, making the stock its 29th biggest position. Apriem Advisors’ holdings in Tesla were worth $8,005,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Arete Wealth Advisors LLC boosted its holdings in Tesla by 33.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 28,465 shares of the electric vehicle producer’s stock valued at $12,804,000 after purchasing an additional 7,072 shares during the period. Jacobi Capital Management LLC boosted its holdings in Tesla by 0.7% in the 4th quarter. Jacobi Capital Management LLC now owns 8,822 shares of the electric vehicle producer’s stock valued at $3,967,000 after purchasing an additional 63 shares during the period. CreativeOne Wealth LLC boosted its holdings in Tesla by 4.2% in the 4th quarter. CreativeOne Wealth LLC now owns 61,932 shares of the electric vehicle producer’s stock valued at $27,852,000 after purchasing an additional 2,479 shares during the period. Cordoba Advisory Partners LLC bought a new stake in Tesla in the 4th quarter valued at $477,000. Finally, Burton Enright Welch bought a new stake in Tesla in the 4th quarter valued at $3,377,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

NASDAQ:TSLA opened at $406.43 on Friday. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 372.87, a PEG ratio of 16.25 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The company has a 50-day moving average of $398.35 and a 200-day moving average of $416.01. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Tesla in a report on Thursday, June 4th. UBS Group raised their price objective on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, China Renaissance reduced their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $404.37.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated 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 owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 $8,864,085.80. This trade represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 57,824 shares of company stock valued at $21,657,588 in the last quarter. 19.90% of the stock is currently owned by corporate insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

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.