Zurcher Kantonalbank Zurich Cantonalbank Acquires 130,827 Shares of Tesla, Inc. $TSLA

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,214,141 shares of the electric vehicle producer’s stock after acquiring an additional 130,827 shares during the quarter. Tesla accounts for approximately 2.1% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 8th largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tesla were worth $995,743,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TSLA. BankPlus Trust Department raised its position in shares of Tesla by 0.8% in the 4th quarter. BankPlus Trust Department now owns 3,649 shares of the electric vehicle producer’s stock valued at $1,641,000 after purchasing an additional 28 shares during the last quarter. Belpointe Asset Management LLC grew its position in Tesla by 17.0% during the 4th quarter. Belpointe Asset Management LLC now owns 52,302 shares of the electric vehicle producer’s stock worth $23,521,000 after purchasing an additional 7,600 shares during the last quarter. Fortis Capital Advisors LLC increased its stake in Tesla by 8.6% during the 4th quarter. Fortis Capital Advisors LLC now owns 16,052 shares of the electric vehicle producer’s stock valued at $7,219,000 after purchasing an additional 1,275 shares in the last quarter. Beacon Bridge Wealth Partners LLC raised its holdings in shares of Tesla by 3.5% in the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 1,660 shares of the electric vehicle producer’s stock worth $747,000 after buying an additional 56 shares during the last quarter. Finally, Earned Wealth Advisors LLC lifted its stake in shares of Tesla by 63.9% during the fourth quarter. Earned Wealth Advisors LLC now owns 11,023 shares of the electric vehicle producer’s stock worth $4,957,000 after buying an additional 4,296 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $400.62 on Monday. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 370.94, a PEG ratio of 12.67 and a beta of 1.91. The stock has a 50-day simple moving average of $389.71 and a two-hundred day simple moving average of $422.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $222.79 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director owned 33,860 shares of the company’s stock, valued at $12,166,913.80. This trade represents a 43.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,804 shares of company stock worth $20,865,598 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s energy storage and solar business is expected to help offset pressure on car margins and fading credits, providing a clearer near?term revenue cushion beyond vehicle sales. Read More.
• Positive Sentiment: Tesla is expanding its robotaxi rollout to Dallas and Houston after Austin, signaling continued service scaling that underpins long?term autonomy/recurring?revenue narratives. This operational progress supports upside expectations for new mobility offerings. Read More.
• Positive Sentiment: At least one notable Wall Street firm moved its stance toward Tesla (UBS from Sell to Hold), easing some near?term selling pressure and helping sentiment ahead of earnings. Read More.
• Neutral Sentiment: Tesla reports Q1 earnings after the close on April 22; traders expect a big post?earnings move, so volatility is elevated and market positioning (options, short interest) may be driving intraday flows. Read More.
• Neutral Sentiment: Analysts continue to trim price targets and re?rate Tesla amid a tougher auto cycle, high capex and valuation debate — this creates mixed analyst signals rather than a clear buy/sell trigger. Read More.
• Negative Sentiment: Safety and regulatory headlines are resurfacing: a critic claimed HW3?equipped Teslas meet California DMV’s definition of “legally blind,” feeding concerns about FSD safety, potential recalls or regulatory action. That pressure can sap investor confidence in autonomy timelines. Read More.
• Negative Sentiment: Broader backlash over outdated self?driving hardware and frustrated owners (WSJ coverage) raises reputational and upgrade?cost risks that could slow adoption of paid autonomy services. Read More.
• Negative Sentiment: Governance/tax scrutiny: reporting shows offshore tax structures likely lowered Tesla’s federal tax bill materially, a headline that can spur regulatory/PR risk and spur investor caution. Read More.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. New Street Research boosted their price target on Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Bank of America initiated coverage on Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price objective on the stock. President Capital decreased their target price on Tesla from $500.00 to $424.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Friday, April 3rd. Nineteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $398.61.

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.