Silver Oak Securities Incorporated Trims Holdings in Tesla, Inc. $TSLA

Silver Oak Securities Incorporated decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 36.7% during the 1st quarter, HoldingsChannel reports. The fund owned 7,839 shares of the electric vehicle producer’s stock after selling 4,550 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Tesla were worth $2,914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Networth Advisors LLC purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. raised its holdings in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares in the last quarter. Friedenthal Financial lifted its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BTIG Research cut Tesla to a “neutral” rating in a research report on Friday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. President Capital lifted their price objective on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group started coverage on Tesla in a research report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Tigress Financial began coverage on Tesla in a report on Monday, April 27th. They issued a “buy” rating for the company. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $403.07.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 business’s stock in a transaction dated 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 transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents 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 three months, insiders sold 57,824 shares of company stock worth $21,657,588. Insiders own 19.90% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts remained constructive on Tesla’s longer-term growth story, with one Seeking Alpha piece upgrading the stock and arguing that two previously speculative “moonshots” are becoming medium-term catalysts. Tesla: 2 Moonshots Have Now Become Medium-Term Catalysts (Rating Upgrade)
• Positive Sentiment: Tesla announced expansion plans in Germany, including higher production at Gigafactory Berlin, which supports the narrative that demand is improving in Europe. Tesla Expands Production In Germany, As VW Cuts 100,000 Jobs
• Positive Sentiment: Tesla also benefited from headlines around its energy business, including a major 16-gigawatt power partnership with Sunrun and Renew Home that could strengthen Tesla Energy’s growth profile. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
• Neutral Sentiment: Elon Musk’s teaser about a highly advanced next-generation Roadster and other futuristic ambitions may support the long-term story, but it is not an immediate fundamental catalyst. Elon Musk Teases Flying Tesla Roadster With Crazy Tech
• Negative Sentiment: Tesla is facing renewed federal scrutiny after a fatal Model 3 crash, including an NHTSA probe and a separate NTSB investigation, which raises fresh concerns about Full Self-Driving safety. Tesla Under Fresh Scrutiny After Model 3 Crashes Into Home, Killing Woman
• Negative Sentiment: Tesla also settled a lawsuit tied to a fatal Full Self-Driving crash while federal investigations continue, reinforcing investor worries about legal liability and autonomy risk. Tesla settles FSD crash lawsuit as federal investigations continue
• Negative Sentiment: Several market commentaries argued that Tesla remains expensive relative to its current fundamentals, with valuation skepticism and underperformance concerns weighing on sentiment. Tesla Stock Is Having a Bad Week and an Even Worse Month

Tesla Stock Up 1.2%

Shares of NASDAQ:TSLA opened at $379.71 on Friday. The stock has a 50-day simple moving average of $405.62 and a 200-day simple moving average of $413.17. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 348.36, a PEG ratio of 14.99 and a beta of 1.80. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for 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%. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current year.

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.