Fifth Third Wealth Advisors LLC Acquires 4,861 Shares of Tesla, Inc. $TSLA

Fifth Third Wealth Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,917 shares of the electric vehicle producer’s stock after buying an additional 4,861 shares during the period. Tesla makes up 0.7% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Fifth Third Wealth Advisors LLC’s holdings in Tesla were worth $20,787,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSLA. Brown Lisle Cummings Inc. increased its stake in shares of Tesla by 6.3% in the 1st quarter. Brown Lisle Cummings Inc. now owns 6,342 shares of the electric vehicle producer’s stock valued at $2,358,000 after acquiring an additional 377 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Tesla in the 1st quarter valued at about $201,881,000. Assenagon Asset Management S.A. increased its position in Tesla by 78.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,937,856 shares of the electric vehicle producer’s stock valued at $1,463,898,000 after buying an additional 1,728,481 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its stake in Tesla by 23.2% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 4,980 shares of the electric vehicle producer’s stock worth $1,851,000 after buying an additional 939 shares during the period. Finally, Centennial Wealth Advisory LLC boosted its holdings in Tesla by 18.2% in the first quarter. Centennial Wealth Advisory LLC now owns 3,393 shares of the electric vehicle producer’s stock worth $1,261,000 after acquiring an additional 523 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced a major energy partnership with Sunrun and Renew Home to aggregate more than 16 gigawatts of flexible residential power capacity, positioning Tesla’s battery and software ecosystem as a potential solution for AI data-center power needs. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Positive Sentiment: The Trump administration proposed easing federal AV rules by allowing vehicles designed for automated driving to skip brake pedals, which could help Tesla’s robotaxi and FSD ambitions if adopted. Trump admin proposes axing brake pedal requirement for AVs in a boost for Tesla
• Positive Sentiment: Reports also said Giga Berlin is preparing to raise weekly output to 7,500 vehicles in October, signaling improving demand and production momentum in Europe. TSLA Stock Dips — Tesla Gears Up To Ramp European Production To 7,500 Vehicles Per Week Amid FSD Push
• Neutral Sentiment: Several commentary pieces argued that Tesla’s energy division and robotics strategy could become important long-term growth engines, but these views are speculative and do not change near-term fundamentals. Down 14%, Is Tesla a Good Buy Now?
• Neutral Sentiment: JPMorgan reiterated a neutral stance, underscoring that some analysts remain cautious even with Tesla’s autonomy and energy optionality. Tesla: JP Morgan Gives a Neutral Rating
• Negative Sentiment: Tesla is facing a wrongful-death lawsuit tied to a fatal Texas crash involving Autopilot/FSD, and the NTSB has opened a probe, increasing legal and reputational risk around its driver-assistance systems. Tesla sued over fatal Texas crash linked to Autopilot
• Negative Sentiment: Tesla has also been hit by broader skepticism over its valuation and execution, with one analysis arguing the stock would need an unrealistically high return on assets to justify its price. Tesla Stock Data

Tesla Trading Down 0.1%

Shares of Tesla stock opened at $375.12 on Friday. The company has a market capitalization of $1.41 trillion, a P/E ratio of 344.15, a price-to-earnings-growth ratio of 15.01 and a beta of 1.80. The stock has a fifty day simple moving average of $405.86 and a 200 day simple moving average of $413.41. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last issued 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 business had revenue of $22.39 billion for 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 business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup restated a “neutral” rating on shares of Tesla in a report on Tuesday, June 16th. Wedbush reissued an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Tesla in a report on Thursday, June 4th. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective on the stock in a research note on Friday, April 24th. Finally, Truist Financial reduced their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $403.07.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 the business’s stock in a transaction on Thursday, April 30th. The stock was 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 in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by corporate insiders.

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.