Tesla, Inc. $TSLA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,830,253 shares of the electric vehicle producer’s stock after selling 200,908 shares during the period. Tesla comprises approximately 1.0% of Bank of New York Mellon Corp’s portfolio, making the stock its 12th biggest holding. Bank of New York Mellon Corp’s holdings in Tesla were worth $5,513,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TSLA. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter worth approximately $26,000. Davidson Capital Management Inc. increased its holdings in shares of Tesla by 79.4% in the fourth 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. acquired a new stake in shares of Tesla during the 3rd quarter valued at $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla during the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. UBS Group increased their price target on Tesla from $364.00 to $442.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on Tesla from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Piper Sandler restated an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $408.07.

Tesla Price Performance

Shares of TSLA opened at $394.35 on Thursday. The business’s 50-day moving average is $410.77 and its 200-day moving average is $406.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 361.79, a P/E/G ratio of 14.51 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $297.82 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The shares were 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 of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction on 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 completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,015 shares of company stock valued at $12,383,640 in the last three months. Company insiders own 19.90% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Wall Street analysts have raised Tesla price targets ahead of Q2 earnings, signaling improved near-term expectations and supporting the stock. Three Price Target Boosts Can’t Help Tesla Stock
• Positive Sentiment: Multiple previews say Tesla could beat Q2 earnings estimates, helped by stronger deliveries and energy storage momentum. TSLA Q2 Earnings Beat Likely: Why the Stock Still Isn’t a Buy
• Positive Sentiment: Retail investors are buying TSLA ahead of earnings, and options traders expect a meaningful post-results move, which can lift trading interest. Retail Investors Charge Into Tesla Stock (TSLA) Ahead of Q2 Earnings
• Positive Sentiment: New operational stories, including a Tesla Semi evaluation partnership and a “Guaranteed Future Value” buying program, suggest ongoing product and demand support. Tesla, Paper Transport partner on electric semi evaluation in Chicago
• Neutral Sentiment: Investors are also watching Tesla’s AI, robotaxi, and robotics ambitions, which could matter more than near-term EV sales if management gives credible updates. Tesla (TSLA) Stock: Analysts Eye July 22 Q2 Earnings as AI Ambitions Overshadow EV Sales
• Negative Sentiment: Wells Fargo kept a bearish tone despite lifting its target, warning Tesla’s valuation could fall sharply if growth disappoints. Wells Fargo Raised Its Tesla Stock Target, but Still Sees a 67% Drop
• Negative Sentiment: The NTSB confirmed a fatal crash involved the driver pressing the accelerator fully, a reminder that safety and Full Self-Driving scrutiny remain headline risks for TSLA. Tesla driver in fatal Texas crash pressed accelerator 100%, NTSB confirms

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.