Berkshire Capital Holdings Inc. Has $18.08 Million Stock Position in Tesla, Inc. $TSLA

Berkshire Capital Holdings Inc. trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 23.3% in the 4th quarter, Holdings Channel reports. The fund owned 40,210 shares of the electric vehicle producer’s stock after selling 12,190 shares during the quarter. Tesla accounts for about 6.0% of Berkshire Capital Holdings Inc.’s investment portfolio, making the stock its 3rd biggest position. Berkshire Capital Holdings Inc.’s holdings in Tesla were worth $18,083,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSLA. Cloud Capital Management LLC increased its stake in Tesla by 1.1% during the 3rd 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 in the last quarter. PFS Partners LLC increased its stake in Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares in the last quarter. Monte Financial Group LLC increased its stake in Tesla by 1.5% during the 3rd quarter. Monte Financial Group LLC now owns 1,644 shares of the electric vehicle producer’s stock valued at $731,000 after purchasing an additional 25 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in Tesla by 1.0% during the 3rd quarter. Bank of Jackson Hole Trust now owns 2,497 shares of the electric vehicle producer’s stock valued at $1,110,000 after purchasing an additional 25 shares in the last quarter. Finally, Presidio Capital Management LLC increased its stake in Tesla by 0.6% during the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock valued at $1,777,000 after purchasing an additional 25 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Key Tesla News

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

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla 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 sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Tesla stock in a transaction that occurred 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 sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was 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. In the last quarter, insiders have sold 83,213 shares of company stock worth $32,201,105. Company insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Tigress Financial assumed coverage on shares of Tesla in a report on Monday, April 27th. They set a “buy” rating on the stock. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Benchmark reaffirmed a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $510.00 price target on shares of Tesla in a report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $395.20.

Tesla Price Performance

NASDAQ TSLA opened at $426.01 on Friday. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 390.83, a PEG ratio of 16.50 and a beta of 1.79. 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 12 month low of $273.21 and a 12 month high of $498.83. The company’s 50 day moving average is $387.76 and its two-hundred day moving average is $416.91.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for 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%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

About Tesla

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.