Worth Asset Management LLC Sells 2,578 Shares of Tesla, Inc. $TSLA

Posted by Scott Moore on Jun 25th, 2026

Worth Asset Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 61.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,639 shares of the electric vehicle producer’s stock after selling 2,578 shares during the period. Worth Asset Management LLC’s holdings in Tesla were worth $609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new position in Tesla in the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares during the period. Prism Advisors Inc. purchased a new position in shares of Tesla during the 4th quarter worth $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $375.53 on Thursday. 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, Inc. has a twelve month low of $288.77 and a twelve month high of $498.83. The business has a 50-day moving average price of $405.64 and a 200-day moving average price of $413.97. The firm has a market cap of $1.41 trillion, a price-to-earnings ratio of 344.52, a price-to-earnings-growth ratio of 15.25 and a beta of 1.80.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (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 company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSLA shares. UBS Group reaffirmed a “neutral” rating on shares of Tesla in a report on Tuesday. Mizuho reduced their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Barclays reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group increased their target price on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $405.06.

Check Out Our Latest Stock Analysis on TSLA

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred 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 sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction 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 transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 57,824 shares of company stock worth $21,657,588. Company insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla announced new battery-storage partnerships with NatPower in Europe, including a multi-year plan to deploy more than 25 GWh across Italy and the U.K., reinforcing its energy-storage growth opportunity. Tesla NatPower strike battery storage deal in Italy, UK
Positive Sentiment: Tesla’s energy business got more attention after a Sunrun partnership was announced to help power AI data centers, highlighting Tesla’s role in large-scale distributed energy solutions. Solar Stock Soars On Power Pact With Tesla For AI Data Centers
Neutral Sentiment: Analysts and investors are watching Tesla’s upcoming second-quarter delivery report closely, since it could reset expectations for demand after a difficult first half of the year. Tesla Stock: Q2 Deliveries in Focus, but Do They Matter? UBS Weighs In
Neutral Sentiment: JPMorgan reaffirmed a neutral rating on Tesla, suggesting Wall Street remains cautious while waiting for clearer evidence on growth and margins. Tesla had its “neutral” rating reaffirmed by JPMorgan Chase & Co.
Negative Sentiment: Tesla faces a fresh NHTSA investigation and a lawsuit tied to a fatal Texas crash involving its driver-assistance technology, adding regulatory and legal overhang to the stock. Tesla sued over fatal Texas crash linked to Autopilot
Negative Sentiment: Several commentaries highlighted growing skepticism around Tesla’s recent weakness, with concerns about technical damage, global EV price wars, and broader market pressure on high-multiple tech stocks. Tesla stock slips as investors eye deliveries data and SpaceX merger buzz

Tesla Company Profile

(Free Report)

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.