Millennium Capital Advisors LLC Invests $586,000 in Tesla, Inc. $TSLA

Millennium Capital Advisors LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,303 shares of the electric vehicle producer’s stock, valued at approximately $586,000.

Other institutional investors have also modified their holdings of the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the 4th quarter worth about $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. grew its holdings in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the 3rd quarter worth about $29,000. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for ‘gobsmacking’ slow progress in class action lawsuit

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction that occurred on Thursday, April 30th. The shares were 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. This trade represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 83,213 shares of company stock valued at $32,201,105. Company insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSLA shares. Robert W. Baird decreased their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a report on Wednesday, April 22nd. Roth Mkm restated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC restated a “hold” 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 assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $395.20.

Tesla Stock Performance

Tesla stock opened at $422.24 on Friday. The stock has a market cap of $1.59 trillion, a P/E ratio of 387.38, a price-to-earnings-growth ratio of 16.65 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. The stock has a 50 day moving average of $386.41 and a 200-day moving average of $418.28. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS 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%.The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. On average, analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal 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.