Western Wealth Management LLC Purchases 2,127 Shares of Tesla, Inc. $TSLA

Western Wealth Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,670 shares of the electric vehicle producer’s stock after buying an additional 2,127 shares during the period. Western Wealth Management LLC’s holdings in Tesla were worth $9,296,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Networth Advisors LLC bought a new position in shares of Tesla during the fourth quarter worth about $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla during the second quarter worth about $26,000. Davidson Capital Management Inc. grew its holdings in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Tesla during the third quarter worth about $29,000. Finally, Prism Advisors Inc. bought a new position in shares of Tesla during the fourth quarter worth about $30,000. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. UBS Group restated a “neutral” rating and issued a $364.00 price target (up from $352.00) on shares of Tesla in a research note on Thursday, April 23rd. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $398.29.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is doubling down on its AI and autonomy narrative, with reports of a Terafab chip venture tied to Tesla, SpaceX, and xAI, plus growing investor enthusiasm around Optimus, robotaxis, and self-driving approvals in Europe. Tesla’s AI Chip Pivot Reshapes Valuation Story For NasdaqGS TSLA
• Positive Sentiment: Tesla received another international win after regulators approved supervised self-driving testing in Belgium, reinforcing hopes for broader FSD rollout outside the U.S. Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: The company is also investing about $250 million to expand battery-cell capacity at its Berlin factory, which could support European production and sales growth. Tesla to invest $250 million in battery plant outside Berlin
• Positive Sentiment: Investor sentiment has also been helped by broader strength in mega-cap tech, which lifted Tesla along with the Nasdaq and S&P 500 to fresh highs. Dow Jones Futures Rise, Cisco Soars On Earnings; Google, Nvidia, Tesla Lead S&P 500, Nasdaq To Highs
• Neutral Sentiment: Several analysts kept a cautious stance, with Barclays maintaining a neutral rating and Phillip Securities cutting its price target to $215, highlighting valuation concerns despite recent gains.
• Neutral Sentiment: WSJ, Reuters, and other reports indicate Musk’s trip with Trump to China could help Tesla seek FSD approval and better market access, but the outcome is still uncertain and depends on policy decisions.
• Negative Sentiment: Rivals BYD and Xpeng are pursuing European manufacturing opportunities amid slower China EV demand, underscoring competitive pressure on Tesla in key overseas markets. Tesla Rivals BYD And XPeng Turn Towards Europe Amid China EV Slowdown: Report
• Negative Sentiment: Recent reports on robotaxi glitches, Cybertruck recall concerns, and softer China sales/financing pressure suggest Tesla still faces execution risk as it tries to justify its premium valuation. Tesla Stock (TSLA) Jumps on Getting Green Light to Test Self-Driving in Belgium

Tesla Stock Performance

TSLA opened at $445.18 on Thursday. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83. The stock has a market cap of $1.67 trillion, a price-to-earnings ratio of 408.42, a PEG ratio of 17.18 and a beta of 1.79. The business has a 50 day moving average of $385.07 and a 200-day moving average of $418.18. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on 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 sale, the director directly owned 48,399 shares of the company’s stock, 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. Over the last ninety days, insiders sold 80,213 shares of company stock valued at $30,851,105. Insiders own 19.90% of the company’s stock.

About Tesla

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.