Ballentine Partners LLC Raises Stake in Tesla, Inc. $TSLA

Ballentine Partners LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 47,062 shares of the electric vehicle producer’s stock after acquiring an additional 1,411 shares during the quarter. Ballentine Partners LLC’s holdings in Tesla were worth $21,165,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSLA. Buck Wealth Strategies LLC grew its holdings in shares of Tesla by 11.4% during the 4th quarter. Buck Wealth Strategies LLC now owns 2,392 shares of the electric vehicle producer’s stock valued at $1,076,000 after purchasing an additional 244 shares during the last quarter. Patten & Patten Inc. TN boosted its position in Tesla by 3.7% during the fourth quarter. Patten & Patten Inc. TN now owns 2,464 shares of the electric vehicle producer’s stock valued at $1,108,000 after buying an additional 88 shares during the period. Indie Asset Partners LLC increased its holdings in shares of Tesla by 21.3% in the fourth quarter. Indie Asset Partners LLC now owns 1,539 shares of the electric vehicle producer’s stock worth $692,000 after buying an additional 270 shares during the period. Baker Boyer National Bank lifted its stake in shares of Tesla by 13.0% in the 4th quarter. Baker Boyer National Bank now owns 1,203 shares of the electric vehicle producer’s stock valued at $541,000 after acquiring an additional 138 shares during the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in Tesla during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 36% in April, extending a six-month rebound and easing concerns about weakening demand in one of its key markets. Reuters: Tesla’s China-made EV sales rise 36% in April, year-on-year
• Positive Sentiment: Tesla landed a record $100 million deal for 370 Semi trucks, signaling real commercial demand for the company’s truck platform. Zacks: Tesla Lands Record $100M Deal for 370 Semi Trucks in California
• Positive Sentiment: The 2026 Model Y passed new U.S. driver-assistance system tests, reinforcing Tesla’s autonomy and safety story. Reuters: Tesla Model Y is first vehicle to pass new US driver assistance system tests
• Neutral Sentiment: Tesla filed a new Roadster trademark, adding to speculation around a long-awaited future product reveal. Business Insider: Tesla filed a trademark for a new Roadster logo ahead of the EV’s long-awaited reveal
• Neutral Sentiment: Analysts trimmed some Tesla earnings estimates, but the changes were modest and did not materially alter near-term expectations. MarketBeat Tesla coverage
• Negative Sentiment: Tesla is still facing a large recall tied to rearview camera image delays, which could raise quality concerns even if investors are currently looking past it. Fox Business: Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $18,300,145.89. This represents 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. In the last ninety days, insiders have sold 80,213 shares of company stock worth $30,851,105. Insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $428.35 on Friday. The company has a 50 day simple moving average of $382.66 and a two-hundred day simple moving average of $418.37. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 392.98, a P/E/G ratio of 15.68 and a beta of 1.79. 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 announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $0.27 EPS. Tesla’s revenue was up 15.8% compared to the same quarter last year. Analysts expect that Tesla, Inc. will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DZ Bank upgraded Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a research report on Friday, April 24th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Tuesday, April 21st. Finally, Phillip Securities boosted their price objective on shares of Tesla from $215.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $398.42.

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.