LFG Wealth Partners LLC Invests $3.63 Million in Tesla, Inc. $TSLA

LFG Wealth Partners LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,061 shares of the electric vehicle producer’s stock, valued at approximately $3,625,000. Tesla accounts for approximately 2.3% of LFG Wealth Partners LLC’s portfolio, making the stock its 8th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Crestwood Advisors Group LLC raised its position in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after purchasing an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after purchasing an additional 3,935 shares in the last quarter. Calamos Wealth Management LLC raised its position in Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after purchasing an additional 2,341 shares in the last quarter. Finally, Private Capital Advisors Inc. raised its position in Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after purchasing an additional 12,417 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 1.2%

TSLA opened at $411.15 on Tuesday. The company has a market cap of $1.54 trillion, a P/E ratio of 377.20, a P/E/G ratio of 16.25 and a beta of 1.80. The business’s 50-day moving average price is $399.36 and its 200-day moving average price is $415.94. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83.

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 firm 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%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.19 EPS for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s strong debut and rising attention on Musk’s empire have lifted sentiment around Tesla, with some investors viewing TSLA as a beneficiary of growing interest in a potential Tesla-SpaceX combination. Article Title
• Positive Sentiment: Wall Street discussion about Tesla’s AI-driven valuation, including robotaxi and Optimus upside, is keeping bullish expectations alive despite a high valuation. Article Title
• Neutral Sentiment: Rivian’s CEO said his company plans to release Tesla FSD-like self-driving tech later this year, underscoring continued competition in autonomous driving. Article Title
• Negative Sentiment: Reuters reported that Tesla gave European regulators safety data for Full Self-Driving that Swedish and Dutch authorities viewed as misleading, raising the risk of scrutiny or delays for FSD approval in Europe. Article Title
• Negative Sentiment: Additional reports about European regulators questioning Tesla’s FSD data could increase concerns about regulatory hurdles for one of Tesla’s key AI/autonomy growth drivers. Article Title

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was 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 sold 57,824 shares of company stock worth $21,657,588 over the last three months. 19.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TSLA shares. DZ Bank upgraded Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. upgraded Tesla from an “underweight” rating to a “neutral” rating and raised their price target for the company from $145.00 to $475.00 in a research report on Friday, June 5th. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Friday. Roth Mkm reiterated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $404.37.

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.