Tesla, Inc. $TSLA Shares Sold by Westpac Banking Corp

Westpac Banking Corp reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 4.3% in the 1st quarter, Holdings Channel reports. The firm owned 42,280 shares of the electric vehicle producer’s stock after selling 1,911 shares during the quarter. Tesla comprises approximately 1.1% of Westpac Banking Corp’s investment portfolio, making the stock its 10th biggest position. Westpac Banking Corp’s holdings in Tesla were worth $15,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Networth Advisors LLC bought a new position in shares of Tesla during the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Friedenthal Financial raised its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. acquired a new position in Tesla in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, 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 transaction, the director 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,015 shares of company stock valued at $12,383,640 over the last ninety days. Insiders own 19.90% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries of 480,126 vehicles, its best quarter in two years, which gives bulls confidence that demand improved heading into earnings.
• Positive Sentiment: Options markets are pricing in a large earnings move, suggesting traders expect a volatile reaction and are actively betting on a meaningful catalyst from the report.
• Positive Sentiment: Tesla expanded its robotaxi service to Orlando and Tampa ahead of earnings, reinforcing investor hopes that the company is making progress beyond its core auto business. Article Title
• Positive Sentiment: Investors are looking for updates on FSD, robotaxi, and Optimus, and management teasing new software features and AI-driven tools is helping keep the growth story alive. Article Title
• Neutral Sentiment: Wall Street expects another quarter of revenue and earnings growth, but many analysts say the bar is high and that the stock may react more to guidance than to the headline numbers.
• Neutral Sentiment: Broader market news is also supportive, with tech stocks and the Nasdaq rallying ahead of Big Tech earnings, which may be helping Tesla participate in the rebound. Article Title
• Negative Sentiment: Investors remain focused on Tesla’s heavy spending on AI, robotaxis, and robotics, with reports warning that cash burn could rise and pressure near-term profitability.
• Negative Sentiment: Some commentary says Tesla’s valuation is still stretched and that the company must deliver more than strong EV sales to justify its premium multiple.
• Negative Sentiment: Competitor chatter and cautious analyst notes are tempering enthusiasm, including concerns about rising EV competition and whether current products can sustain Tesla’s growth narrative.

Tesla Stock Performance

NASDAQ TSLA opened at $378.93 on Wednesday. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 347.64, a PEG ratio of 12.40 and a beta of 1.80. The company has a 50 day moving average of $406.82 and a 200-day moving average of $404.53. 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, Inc. has a 1-year low of $297.82 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, June 11th. Morgan Stanley started coverage on Tesla in a report on Monday. They issued a “hold” rating for the company. BTIG Research lowered Tesla to a “neutral” rating in a research note on Friday, June 5th. Guggenheim assumed coverage on Tesla in a research report on Monday, June 29th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $408.07.

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.