SmartHarvest Portfolios LLC Invests $7.51 Million in Tesla, Inc. $TSLA

SmartHarvest Portfolios LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,706 shares of the electric vehicle producer’s stock, valued at approximately $7,513,000. Tesla comprises 2.6% of SmartHarvest Portfolios LLC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds also recently modified their holdings of the business. Networth Advisors LLC bought a new stake in shares of Tesla during the 4th quarter worth $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla during the 2nd quarter worth $26,000. Davidson Capital Management Inc. boosted its holdings in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the period. Prism Advisors Inc. bought a new stake in shares of Tesla during the 4th quarter worth $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Tesla in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Jefferies Financial Group reissued a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised shares of Tesla from an “underweight” rating to a “neutral” rating and increased their price target for the company from $145.00 to $475.00 in a report on Friday, June 5th. Mizuho reduced their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. 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. Finally, Truist Financial reduced their price target 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-two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $404.37.

Tesla Price Performance

NASDAQ:TSLA opened at $399.15 on Friday. The company has a 50-day moving average of $397.84 and a 200-day moving average of $416.08. The company has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 366.19, a PEG ratio of 15.29 and a beta of 1.80. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $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.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla secured approval to expand Full Self-Driving in Belgium, adding momentum to its European autonomy rollout and supporting the long-term software revenue story.
• Positive Sentiment: Coverage of Tesla’s Austin robotaxi rollout and improving analyst views on autonomy are strengthening the bull case for future AI-driven growth.
• Positive Sentiment: SpaceX IPO excitement may be reducing some of the recent selling pressure on TSLA as investors reassess Musk-related capital rotation.
• Neutral Sentiment: Analyst commentary remains split on valuation, with bulls focused on autonomy and robotics while bears argue Tesla still looks expensive versus current earnings.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja’s recent share sale was disclosed as tax withholding tied to equity awards, which is typically a routine insider transaction.
• Negative Sentiment: Some articles noted that TSLA remains volatile as traders weigh whether SpaceX hype is distracting from Tesla’s core EV business and execution.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,824 shares of company stock valued at $21,657,588 over the last ninety days. 19.90% of the stock is owned by 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.