BCS Wealth Management Reduces Stock Holdings in Tesla, Inc. $TSLA

BCS Wealth Management lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 48.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,854 shares of the electric vehicle producer’s stock after selling 1,708 shares during the quarter. BCS Wealth Management’s holdings in Tesla were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSLA. Cidel Asset Management Inc. boosted its stake in Tesla by 2.5% during the first quarter. Cidel Asset Management Inc. now owns 21,882 shares of the electric vehicle producer’s stock worth $8,135,000 after buying an additional 539 shares during the period. Cache Advisors LLC lifted its holdings in shares of Tesla by 13.5% in the 1st quarter. Cache Advisors LLC now owns 38,021 shares of the electric vehicle producer’s stock worth $14,134,000 after acquiring an additional 4,521 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of Tesla by 5.1% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,967 shares of the electric vehicle producer’s stock worth $731,000 after purchasing an additional 96 shares during the period. New Covenant Trust Company N.A. boosted its stake in shares of Tesla by 55.3% during the 1st quarter. New Covenant Trust Company N.A. now owns 2,960 shares of the electric vehicle producer’s stock worth $1,100,000 after purchasing an additional 1,054 shares during the period. Finally, Vermillion Wealth Management Inc. grew its holdings in Tesla by 10.7% during the 1st quarter. Vermillion Wealth Management Inc. now owns 2,011 shares of the electric vehicle producer’s stock valued at $748,000 after purchasing an additional 195 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 0.1%

Shares of NASDAQ TSLA opened at $375.12 on Friday. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The firm has a market capitalization of $1.41 trillion, a price-to-earnings ratio of 344.15, a PEG ratio of 15.01 and a beta of 1.80. The stock has a 50 day moving average price of $405.86 and a 200 day moving average price of $413.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

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

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced a major energy partnership with Sunrun and Renew Home to aggregate more than 16 gigawatts of flexible residential power capacity, positioning Tesla’s battery and software ecosystem as a potential solution for AI data-center power needs. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Positive Sentiment: The Trump administration proposed easing federal AV rules by allowing vehicles designed for automated driving to skip brake pedals, which could help Tesla’s robotaxi and FSD ambitions if adopted. Trump admin proposes axing brake pedal requirement for AVs in a boost for Tesla
• Positive Sentiment: Reports also said Giga Berlin is preparing to raise weekly output to 7,500 vehicles in October, signaling improving demand and production momentum in Europe. TSLA Stock Dips — Tesla Gears Up To Ramp European Production To 7,500 Vehicles Per Week Amid FSD Push
• Neutral Sentiment: Several commentary pieces argued that Tesla’s energy division and robotics strategy could become important long-term growth engines, but these views are speculative and do not change near-term fundamentals. Down 14%, Is Tesla a Good Buy Now?
• Neutral Sentiment: JPMorgan reiterated a neutral stance, underscoring that some analysts remain cautious even with Tesla’s autonomy and energy optionality. Tesla: JP Morgan Gives a Neutral Rating
• Negative Sentiment: Tesla is facing a wrongful-death lawsuit tied to a fatal Texas crash involving Autopilot/FSD, and the NTSB has opened a probe, increasing legal and reputational risk around its driver-assistance systems. Tesla sued over fatal Texas crash linked to Autopilot
• Negative Sentiment: Tesla has also been hit by broader skepticism over its valuation and execution, with one analysis arguing the stock would need an unrealistically high return on assets to justify its price. Tesla Stock Data

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value 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 $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 Securities & Exchange Commission, which is available through the SEC website. 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 dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,824 shares of company stock worth $21,657,588 in the last three months. Corporate insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, April 27th. TD Cowen reiterated a “buy” rating and issued a $490.00 price target on shares of Tesla in a report on Thursday, June 4th. Piper Sandler restated an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. Finally, Canaccord Genuity Group upped their price objective on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $403.07.

Tesla 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.