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

Westpac Banking Corp trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,280 shares of the electric vehicle producer’s stock after selling 1,911 shares during the period. Tesla accounts for approximately 1.1% of Westpac Banking Corp’s holdings, making the stock its 10th largest position. Westpac Banking Corp’s holdings in Tesla were worth $15,718,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction 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 sale, 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 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. Over the last quarter, insiders have sold 32,015 shares of company stock valued at $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $378.93 on Wednesday. Tesla, Inc. has a 12 month low of $297.82 and a 12 month high of $498.83. The company has a market cap of $1.42 trillion, a P/E ratio of 347.64, a P/E/G ratio of 12.40 and a beta of 1.80. The business’s 50 day moving average is $406.82 and its two-hundred day moving average is $404.53. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Tigress Financial began coverage on Tesla in a report on Monday, April 27th. They set a “buy” rating on the stock. President Capital upped their target price on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target on the stock in a research report on Friday, April 24th. Finally, BNP Paribas Exane cut shares of Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $408.07.

Key Tesla News

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 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.