Strategic Financial Concepts LLC Sells 19,389 Shares of Tesla, Inc. $TSLA

Strategic Financial Concepts LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 570 shares of the electric vehicle producer’s stock after selling 19,389 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Tesla were worth $256,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TSLA. Cloud Capital Management LLC lifted its holdings in Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the last quarter. PFS Partners LLC boosted its position in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 24 shares during the period. Monte Financial Group LLC boosted its position in Tesla by 1.5% during the third quarter. Monte Financial Group LLC now owns 1,644 shares of the electric vehicle producer’s stock worth $731,000 after purchasing an additional 25 shares during the period. Bank of Jackson Hole Trust boosted its position in Tesla by 1.0% during the third quarter. Bank of Jackson Hole Trust now owns 2,497 shares of the electric vehicle producer’s stock worth $1,110,000 after purchasing an additional 25 shares during the period. Finally, Presidio Capital Management LLC boosted its position in Tesla by 0.6% during the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after purchasing an additional 25 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the firm’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 completion of the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 83,213 shares of company stock valued at $32,201,105. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. President Capital increased their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Barclays reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, May 13th. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research report on Thursday, January 29th. Finally, Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Nineteen investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $395.20.

Tesla Stock Up 2.0%

Shares of NASDAQ:TSLA opened at $426.01 on Friday. The firm has a fifty day moving average price of $387.76 and a two-hundred day moving average price of $416.91. 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 one year low of $273.21 and a one year high of $498.83. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 390.83, a PEG ratio of 16.82 and a beta of 1.79.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Tesla News Roundup

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 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.