First Citizens Bank & Trust Co. Purchases 1,371 Shares of Tesla, Inc. $TSLA

First Citizens Bank & Trust Co. raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 79,730 shares of the electric vehicle producer’s stock after buying an additional 1,371 shares during the period. Tesla accounts for about 0.5% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 25th biggest holding. First Citizens Bank & Trust Co.’s holdings in Tesla were worth $29,640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Networth Advisors LLC purchased a new stake in Tesla during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter worth $26,000. Davidson Capital Management Inc. increased its position 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 purchasing an additional 27 shares in the last quarter. Friedenthal Financial lifted its holdings in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. acquired a new stake in shares of Tesla in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries of 480,126 vehicles, its best quarter in two years, which gives bulls confidence that demand improved heading into earnings.
• Positive Sentiment: Options markets are pricing in a large earnings move, suggesting traders expect a volatile reaction and are actively betting on a meaningful catalyst from the report.
• Positive Sentiment: Tesla expanded its robotaxi service to Orlando and Tampa ahead of earnings, reinforcing investor hopes that the company is making progress beyond its core auto business. Article Title
• Positive Sentiment: Investors are looking for updates on FSD, robotaxi, and Optimus, and management teasing new software features and AI-driven tools is helping keep the growth story alive. Article Title
• Neutral Sentiment: Wall Street expects another quarter of revenue and earnings growth, but many analysts say the bar is high and that the stock may react more to guidance than to the headline numbers.
• Neutral Sentiment: Broader market news is also supportive, with tech stocks and the Nasdaq rallying ahead of Big Tech earnings, which may be helping Tesla participate in the rebound. Article Title
• Negative Sentiment: Investors remain focused on Tesla’s heavy spending on AI, robotaxis, and robotics, with reports warning that cash burn could rise and pressure near-term profitability.
• Negative Sentiment: Some commentary says Tesla’s valuation is still stretched and that the company must deliver more than strong EV sales to justify its premium multiple.
• Negative Sentiment: Competitor chatter and cautious analyst notes are tempering enthusiasm, including concerns about rising EV competition and whether current products can sustain Tesla’s growth narrative.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSLA shares. Wells Fargo & Company restated an “underweight” rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Glj Research reissued a “sell” rating on shares of Tesla in a report on Tuesday. Mizuho dropped their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Piper Sandler restated an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. Finally, Morgan Stanley started coverage on shares of Tesla in a research report on Monday. They issued a “hold” rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $408.07.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Performance

Shares of TSLA opened at $378.93 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The stock has a 50-day moving average of $406.82 and a two-hundred day moving average of $404.53. The stock has a market cap of $1.42 trillion, a P/E ratio of 347.64, a P/E/G ratio of 12.40 and a beta of 1.80. Tesla, Inc. has a one year low of $297.82 and a one year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share 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 business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. As a group, research analysts predict that Tesla, Inc. will post 1.34 EPS for the current year.

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.