Straight Path Wealth Management Has $53.15 Million Stake in Tesla, Inc. $TSLA

Straight Path Wealth Management lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 118,181 shares of the electric vehicle producer’s stock after selling 5,496 shares during the period. Tesla comprises about 14.3% of Straight Path Wealth Management’s holdings, making the stock its 2nd biggest position. Straight Path Wealth Management’s holdings in Tesla were worth $53,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. PFS Partners LLC boosted its holdings in shares of Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 24 shares during the period. Presidio Capital Management LLC boosted its holdings in shares of Tesla by 0.6% during the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after buying an additional 25 shares during the period. Journey Advisory Group LLC boosted its holdings in shares of Tesla by 0.7% during the 3rd quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock worth $1,518,000 after buying an additional 25 shares during the period. Boltwood Capital Management boosted its holdings in shares of Tesla by 1.2% during the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after buying an additional 25 shares during the period. Finally, Woodmont Investment Counsel LLC boosted its holdings in shares of Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after buying an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its unsupervised Robotaxi service area in Austin, a sign that its autonomous ride-hailing push is still advancing and could support the long-term AI/robotics story. Reuters: Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: Tesla reported a strong rebound in China-made EV sales in May, with Shanghai deliveries jumping sharply as the domestic market showed signs of recovery, which may help near-term demand sentiment. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
• Positive Sentiment: Global EV sales rose in April and were led by Tesla, reinforcing that the broader EV market is still growing. TipRanks: Global Electric Vehicle Sales Rose 16% in April
• Neutral Sentiment: News around SpaceX’s massive IPO and speculation about a possible future Tesla-SpaceX linkage is stirring investor attention, but it is mostly indirect and highly speculative for TSLA in the near term. CNBC: SpaceX targets $135 IPO price
• Negative Sentiment: Several reports highlighted that Tesla’s stock is being dragged by weakness in tech stocks overall, especially after Broadcom’s disappointing results weighed on the sector. Yahoo Finance: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Analysts and commentators continue to question Tesla’s rich valuation, arguing that the stock price still reflects ambitious AI, robotaxi, and robotics expectations that have not yet been fully proven in financial results. 247WallSt: Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: Competitive and legal concerns are also lingering, including scrutiny over Tesla’s FSD claims in China and new competition in robotics and EVs, which can pressure sentiment. Yahoo Finance: Tesla Faces China FSD Lawsuit

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating in a report on Monday, April 27th. Tigress Financial assumed coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. President Capital boosted 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $395.20.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated 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. This trade represents a 35.30% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,218 shares of company stock valued at $20,609,455 over the last ninety days. 19.90% of the stock is owned by insiders.

Tesla Price Performance

Shares of Tesla stock opened at $418.45 on Friday. 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 fifty-two week low of $273.21 and a fifty-two week high of $498.83. The firm has a fifty day moving average price of $395.23 and a two-hundred day moving average price of $416.24. The company has a market cap of $1.57 trillion, a PE ratio of 383.90, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80.

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. Analysts expect that Tesla, Inc. will post 1.2 EPS for the current year.

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.