Towerpoint Wealth LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 1,786 shares of the electric vehicle producer’s stock, valued at approximately $803,000.
Several other hedge funds have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new stake in Tesla in the second quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the 2nd quarter worth $30,000. Turning Point Benefit Group Inc. purchased a new stake in Tesla during the third quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the third quarter valued at about $31,000. Institutional investors own 66.20% of the company’s stock.
Tesla Stock Performance
NASDAQ:TSLA opened at $361.83 on Monday. The company has a 50-day moving average price of $408.20 and a 200-day moving average price of $428.92. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 335.03, a P/E/G ratio of 10.71 and a beta of 1.89. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Barclays reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, March 4th. TD Cowen lifted their target price on shares of Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Bank of America started coverage on shares of Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Finally, Mizuho set a $540.00 price objective on shares of Tesla and gave the company an “outperform” rating in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $406.84.
View Our Latest Report on TSLA
Insiders Place Their Bets
In other news, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 87,995 shares of company stock worth $38,315,650. Company insiders own 19.90% of the company’s stock.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: TSLA is lining up an alternative chip supplier as TSMC capacity is reportedly sold out through 2028; Samsung Foundry is now a potential second source for next‑gen (2nm) chips for Tesla (and Nvidia), reducing single‑supplier risk and helping support Tesla’s AI/hardware roadmap. Why Nvidia And Tesla Are Suddenly Knocking On Samsung’s Door
- Positive Sentiment: Tesla says the Semi’s battery is “designed to last a million miles,” a claim that could materially improve fleet economics for trucking customers and open a commercial revenue stream beyond passenger EVs if validated in real world use. Tesla Semi Million Mile Battery Puts Freight Economics In Focus
- Positive Sentiment: Sell‑side support remains in pockets — Wedbush reiterated an “Outperform” on TSLA, signaling continued institutional conviction among some analysts. Tesla’s (TSLA) “Outperform” Rating Reiterated at Wedbush
- Neutral Sentiment: Speculation continues about corporate moves: prediction markets are discussing possible mergers among Musk companies (SpaceX/xAI/Tesla), but these remain speculative and unlikely to affect near‑term fundamentals until concrete filings appear. When Will Elon Musk’s Tesla And SpaceX Merge? Here’s What Prediction Market Is Saying
- Neutral Sentiment: Macro/market risk: geopolitical tensions (Iran) and surging oil prices are driving broader market volatility ahead of Q1 vehicle delivery reports — a background risk for TSLA’s near‑term share moves but not company‑specific news. How Wil Dow Jones Futures, Oil Prices React As U.S. Mulls Ground Troops In Iran?
- Negative Sentiment: Political and reputational risk: Sen. Bernie Sanders publicly accused Elon Musk of paying an extremely low effective tax rate, renewing political scrutiny that could increase regulatory/legislative pressure on the company and its leadership. Bernie Sanders Accuses Elon Musk Of Paying ‘Tax Rate Of Less Than 3.3%’
- Negative Sentiment: Investor skepticism about core growth narratives: prominent investors and commentators (e.g., Gary Black) argue Tesla hasn’t delivered on unsupervised FSD and robotaxi promises, pointing to low robotaxi counts — this weakens the premium growth thesis that underpins high valuations. Gary Black Says TSLA Has Underperformed Nasdaq For 5 Years Because It Has Never Lived Up To Unsupervised FSD Hype
- Negative Sentiment: Analyst headwinds and forecast cuts: HSBC published a bearish scenario (large downside claim) and banks including Barclays/Erste have flagged capex concerns and trimmed FY2026 estimates, highlighting execution and spending risks that could pressure the multiple. HSBC Thinks Tesla Stock Could Fall 65%. Here’s Why.
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.
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