Manchester Capital Management LLC Purchases 6,361 Shares of Tesla, Inc. $TSLA

Manchester Capital Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 52.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,449 shares of the electric vehicle producer’s stock after acquiring an additional 6,361 shares during the quarter. Tesla comprises approximately 1.1% of Manchester Capital Management LLC’s portfolio, making the stock its 15th largest holding. Manchester Capital Management LLC’s holdings in Tesla were worth $8,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC bought a new stake in Tesla in the 4th quarter valued at about $26,000. Davidson Capital Management Inc. increased its position in Tesla by 79.4% in the 4th 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. Turning Point Benefit Group Inc. bought a new stake in Tesla during the 3rd quarter worth approximately $30,000. Prism Advisors Inc. bought a new stake in Tesla during the 4th quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in Tesla during the 3rd quarter worth approximately $31,000. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a report on Friday. TD Cowen reissued a “buy” rating and set a $490.00 price objective on shares of Tesla in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Monday, April 27th. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a report on Friday. Finally, Roth Mkm reissued a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $404.37.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
• Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
• Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
• Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
• Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 55,218 shares of company stock worth $20,609,455. 19.90% of the stock is owned by company insiders.

Tesla Price Performance

Tesla stock opened at $391.00 on Monday. Tesla, Inc. has a 12 month low of $281.85 and a 12 month high of $498.83. 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 business’s 50 day simple moving average is $395.33 and its 200 day simple moving average is $416.11. The company has a market cap of $1.47 trillion, a price-to-earnings ratio of 358.72, a PEG ratio of 15.44 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Tesla, Inc. will post 1.2 EPS 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.