Goldenstone Wealth Management LLC Buys Shares of 3,779 Tesla, Inc. $TSLA

Goldenstone Wealth Management LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,779 shares of the electric vehicle producer’s stock, valued at approximately $1,700,000. Tesla makes up about 1.3% of Goldenstone Wealth Management LLC’s portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC purchased a new stake in Tesla during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla in the second quarter worth approximately $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% in 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 during the period. Prism Advisors Inc. bought a new position in shares of Tesla in the fourth quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Tesla in the third quarter worth approximately $30,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Canaccord Genuity Group upped their target price on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Roth Mkm restated a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, HSBC initiated coverage on shares of Tesla in a research note on Monday, April 27th. They set a “buy” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $395.20.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 83,213 shares of company stock worth $32,201,105. Insiders own 19.90% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla rolled out Full Self-Driving in China, marking a long-awaited expansion into a key market and reinforcing the company’s push to be valued as an AI/autonomy leader, not just an automaker. Article Title
• Positive Sentiment: China approval for FSD could improve Tesla’s competitive position versus local EV rivals that already offer advanced driver-assistance systems, helping support sentiment around Tesla’s software and robotaxi ambitions. Article Title
• Positive Sentiment: Additional reports say Tesla is expanding FSD into Europe as well, including Lithuania, which suggests the company is steadily broadening its global autonomy footprint. Article Title
• Neutral Sentiment: Several articles focused on Elon Musk’s broader empire, including SpaceX’s IPO filing and Tesla’s ownership stake in SpaceX; these stories may matter for investor attention, but they are indirect drivers of TSLA’s operating outlook. Article Title
• Negative Sentiment: Some coverage noted ongoing concerns about Tesla’s high valuation, price increases on the Model Y, and the risk that a SpaceX IPO could pull some investor capital away from TSLA. Article Title
• Negative Sentiment: Other headlines highlighted criticism of Tesla’s Cybertruck and debate over whether robotaxi and AI optimism is running ahead of fundamentals, which can add pressure to sentiment. Article Title

Tesla Price Performance

Tesla stock opened at $417.26 on Thursday. Tesla, Inc. has a 52-week low of $273.21 and a 52-week high of $498.83. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 382.81, a PEG ratio of 15.96 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average is $387.02 and its 200 day moving average is $417.12.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

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.