Sherman Asset Management Inc. Purchases 1,275 Shares of Tesla, Inc. $TSLA

Sherman Asset Management Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA) by 32.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,241 shares of the electric vehicle producer’s stock after acquiring an additional 1,275 shares during the quarter. Tesla comprises 2.0% of Sherman Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Sherman Asset Management Inc.’s holdings in Tesla were worth $2,357,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners boosted its holdings in shares of Tesla by 2.9% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 3,988 shares of the electric vehicle producer’s stock valued at $1,793,000 after buying an additional 111 shares in the last quarter. TLW Wealth Management LLC boosted its holdings in shares of Tesla by 0.7% in the 4th quarter. TLW Wealth Management LLC now owns 11,090 shares of the electric vehicle producer’s stock valued at $4,987,000 after buying an additional 74 shares in the last quarter. Financial Security Advisor Inc. boosted its holdings in shares of Tesla by 5.9% in the 4th quarter. Financial Security Advisor Inc. now owns 4,164 shares of the electric vehicle producer’s stock valued at $1,873,000 after buying an additional 232 shares in the last quarter. Novare Capital Management LLC boosted its holdings in shares of Tesla by 5.2% in the 4th quarter. Novare Capital Management LLC now owns 18,045 shares of the electric vehicle producer’s stock valued at $8,115,000 after buying an additional 898 shares in the last quarter. Finally, Sound Portfolio Advisors LLC bought a new stake in shares of Tesla in the 4th quarter valued at about $202,000. 66.20% of the stock is currently owned by institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for ‘gobsmacking’ slow progress in class action lawsuit

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 83,213 shares of company stock valued at $32,201,105. Insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSLA shares. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. President Capital increased their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, Robert W. Baird decreased their price objective on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $395.20.

Tesla Price Performance

NASDAQ:TSLA opened at $422.24 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 387.38, a price-to-earnings-growth ratio of 17.48 and a beta of 1.79. The company has a 50 day moving average price of $386.41 and a 200-day moving average price of $418.28. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA) last posted 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. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Equities research analysts forecast that Tesla, Inc. will post 1.2 EPS for the current 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.