Lyell Wealth Management LP Has $2.42 Million Stake in Tesla, Inc. $TSLA

Lyell Wealth Management LP boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 34.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,379 shares of the electric vehicle producer’s stock after buying an additional 1,375 shares during the period. Lyell Wealth Management LP’s holdings in Tesla were worth $2,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PFS Partners LLC increased its position in shares of Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 24 shares during the period. Presidio Capital Management LLC increased its position in shares of Tesla by 0.6% during the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock valued at $1,777,000 after buying an additional 25 shares during the period. Journey Advisory Group LLC increased its position in shares of Tesla by 0.7% during the third quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock valued at $1,518,000 after buying an additional 25 shares during the period. Boltwood Capital Management increased its position in shares of Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after buying an additional 25 shares during the period. Finally, Woodmont Investment Counsel LLC increased its position in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s 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 sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 57,824 shares of company stock worth $21,657,588 in the last 90 days. 19.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 4.6%

NASDAQ:TSLA opened at $399.15 on Friday. The company’s 50 day moving average price is $397.84 and its 200-day moving average price is $416.08. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 366.19, a PEG ratio of 15.29 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla secured approval to expand Full Self-Driving in Belgium, adding momentum to its European autonomy rollout and supporting the long-term software revenue story.
• Positive Sentiment: Coverage of Tesla’s Austin robotaxi rollout and improving analyst views on autonomy are strengthening the bull case for future AI-driven growth.
• Positive Sentiment: SpaceX IPO excitement may be reducing some of the recent selling pressure on TSLA as investors reassess Musk-related capital rotation.
• Neutral Sentiment: Analyst commentary remains split on valuation, with bulls focused on autonomy and robotics while bears argue Tesla still looks expensive versus current earnings.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja’s recent share sale was disclosed as tax withholding tied to equity awards, which is typically a routine insider transaction.
• Negative Sentiment: Some articles noted that TSLA remains volatile as traders weigh whether SpaceX hype is distracting from Tesla’s core EV business and execution.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSLA. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. President Capital upped their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Piper Sandler restated an “overweight” rating on shares of Tesla in a report on Wednesday. Jefferies Financial Group restated a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. Finally, TD Cowen restated a “buy” rating and issued a $490.00 price objective on shares of Tesla in a report on Thursday, June 4th. Twenty-two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $404.37.

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.