Resonant Capital Advisors LLC Boosts Holdings in Tesla, Inc. $TSLA

Resonant Capital Advisors LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,776 shares of the electric vehicle producer’s stock after acquiring an additional 1,674 shares during the period. Resonant Capital Advisors LLC’s holdings in Tesla were worth $4,006,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new position in Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new position in Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. increased its position in Tesla by 79.4% in the fourth 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 last quarter. Friedenthal Financial raised its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares during the period. Finally, Prism Advisors Inc. purchased a new position in shares of Tesla during the 4th quarter valued at $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research reports. Morgan Stanley reiterated an “equal weight” rating and set a $415.00 price target on shares of Tesla in a research note on Thursday, July 2nd. Glj Research restated a “sell” rating on shares of Tesla in a research note on Friday, June 12th. Guggenheim began coverage on shares of Tesla in a research report on Monday, June 29th. They set a “neutral” rating for the company. Royal Bank Of Canada lifted their target price on shares of Tesla from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesla in a research report on Tuesday, June 30th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $408.52.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 3,000 shares of the business’s 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 completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred on 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 directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade 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. Insiders sold 32,015 shares of company stock valued at $12,383,640 over the last 90 days. 19.90% of the stock is owned by company insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s second-quarter deliveries came in stronger than Wall Street expected, suggesting improving demand and helping rebuild confidence in the core EV business. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi service into Miami, its first city outside Texas and California, which reinforces the bull case that autonomy could become a major growth engine over time. Article Title
• Positive Sentiment: Royal Bank of Canada raised its price target on Tesla to $500 from $475 and kept an outperform rating, signaling more upside in the eyes of at least one major analyst. Article Title
• Positive Sentiment: Several recent stories highlighted Tesla’s broader AI and robotics ambitions, including the long-term potential of robotaxis and humanoid robots, which may be supporting investor enthusiasm beyond vehicle sales alone. Article Title
• Neutral Sentiment: Some analysts continue to prefer SpaceX over Tesla among Elon Musk’s businesses, suggesting TSLA still faces skepticism about its valuation relative to its growth prospects. Article Title
• Negative Sentiment: Despite the delivery beat and robotaxi launch, several reports noted that the stock has struggled to sustain gains, reflecting investor concern that Tesla’s AI initiatives are still too early-stage to justify the valuation. Article Title
• Negative Sentiment: Commentary also pointed out that Tesla’s robotaxi rollout remains slow, which may temper near-term excitement even as the service expands to new markets. Article Title

Tesla Price Performance

NASDAQ TSLA traded down $13.95 during trading hours on Tuesday, hitting $405.82. The company had a trading volume of 15,495,658 shares, compared to its average volume of 58,383,293. Tesla, Inc. has a 52 week low of $293.55 and a 52 week high of $498.83. The firm has a 50 day simple moving average of $407.39 and a 200 day simple moving average of $411.34. 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 firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 373.06, a PEG ratio of 15.61 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current year.

Tesla 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.