Tesla, Inc. $TSLA Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 60.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,206 shares of the electric vehicle producer’s stock after selling 1,864 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Tesla were worth $542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Narwhal Capital Management grew its holdings in Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock valued at $4,232,000 after buying an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after acquiring an additional 7,446 shares during the period. Norges Bank purchased a new position in shares of Tesla during the 2nd quarter worth $11,839,824,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Tesla by 8.8% during the 3rd 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 acquiring an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Tesla by 26.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after purchasing an additional 3,724 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: February European registrations reversed a year‑long slide, giving evidence that Tesla’s sales momentum in the region may be stabilizing — a tangible recovery that investors view as supportive for delivery growth and near‑term revenue. Article Title
• Positive Sentiment: Musk’s Terafab announcement (joint Tesla/SpaceX chip fabs in Texas) is being interpreted as a strategic move to secure advanced AI/autonomy chips and reduce supply risk — a long‑term positive for Tesla’s ambitions in autonomy, Optimus and in‑vehicle AI capacity. Article Title
• Positive Sentiment: Product progress: reports of Full‑Self Driving v14.3 and ongoing software updates keep the robotaxi/autonomy story alive — a key growth narrative that underpins much of TSLA’s valuation premium. Article Title
• Neutral Sentiment: Short‑interest data published today appears erroneous (reports show 0 shares / NaN increase), so there’s no clear signal of a fresh short squeeze or meaningful change in borrow pressure. (market data entry)
• Negative Sentiment: Regulatory risk: the NHTSA has escalated probes into Tesla’s FSD capability in challenging visibility conditions — additional engineering analysis raises recall/liability risk and lengthens the timeline for commercial autonomy. Article Title
• Negative Sentiment: Competitive pressure: Amazon’s Zoox expansion into San Francisco and Las Vegas and a rapid BYD sales surge in Europe highlight intensifying competition in robotaxi and European EV markets, which could constrain Tesla’s share gains and margin recovery. Article Title Article Title
• Negative Sentiment: Valuation/capex concern: analysts and some investors worry Terafab’s huge cost will pressure margins and force higher capex, testing the market’s patience for growth spending at Tesla’s premium valuation. Article Title
• Negative Sentiment: Investor caution/structural concerns: high‑profile warnings (e.g., Gary Black on a potential Tesla‑SpaceX tie-up diluting TSLA value) and mixed analyst calls keep some investors cautious despite positive headlines. Article Title

Tesla Price Performance

TSLA opened at $383.03 on Wednesday. The stock’s 50-day moving average price is $412.11 and its 200 day moving average price is $428.36. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The firm has a market cap of $1.44 trillion, a price-to-earnings ratio of 354.66, a PEG ratio of 11.26 and a beta of 1.89. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $24.90 billion during 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%.Tesla’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at $8,173,649.64. This represents a 56.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 87,995 shares of company stock worth $38,315,650. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSLA. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a report on Friday, January 30th. Bank of America started coverage on shares of Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, TD Cowen increased their price objective on Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $406.84.

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.