Legacy Private Trust Co. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,792 shares of the electric vehicle producer’s stock after purchasing an additional 1,418 shares during the quarter. Legacy Private Trust Co.’s holdings in Tesla were worth $7,552,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TSLA. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter worth $29,000. CoreFirst Bank & Trust acquired a new position in Tesla in the second quarter valued at $30,000. Turning Point Benefit Group Inc. purchased a new stake in Tesla during the third quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the third quarter worth about $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: US government-confirmed supply deal: Reuters reports a $4.3 billion LFP prismatic battery cell supply agreement between Tesla and LG Energy Solution — a material, multi‑year supply commitment that supports cost and scale for Tesla’s lower-cost vehicle programs and energy products. Read More.
- Positive Sentiment: Solar manufacturing push: Multiple reports say Tesla is in talks to buy ~$2.9B of solar equipment from Chinese suppliers to build out U.S. solar panel/cell capacity — supports Elon Musk’s 100 GW U.S. solar goal and diversifies revenue beyond vehicles. Read More.
- Positive Sentiment: Chip/AI roadmap progressing: Elon Musk and Reuters/Barron’s coverage indicate Tesla is targeting a December 2026 tape‑out for next‑gen AI chips (AI6/AI5) and pursuing “Terafab” initiatives — a successful chip program would reduce supply risk and accelerate Tesla’s autonomy/robotics ambitions. Read More.
- Neutral Sentiment: Semi truck early traction: Media reports (WSJ) show positive early feedback from truckers on Tesla’s Semi — encouraging for commercial product credibility, but near‑term revenue impact is modest. Read More.
- Neutral Sentiment: Geographic/energy expansion: Job listings and reporting show Tesla preparing an India push into industrial energy storage — long‑term optionality for energy business, but execution and timing unclear. Read More.
- Negative Sentiment: Regulatory overhang — FSD probe escalates: U.S. regulators (NHTSA) upgraded the FSD investigation to engineering analysis covering millions of vehicles after crashes in reduced‑visibility conditions — this raises recall/enforcement risk and is a primary driver of today’s weakness. Read More.
- Negative Sentiment: Analyst/market pressure on deliveries and valuation: UBS and others have cut Q1 delivery forecasts and reiterated cautious ratings; HSBC headlines predicting deep downside amplify negative sentiment and volatility. Read More. • Read More.
- Negative Sentiment: Competition & robotaxi doubts: Rivian/Uber alliance and commentary that Waymo leads the AV race increase skepticism about Tesla’s robotaxi timeline and margins for autonomy/Optimus. Read More.
Insider Activity
Analysts Set New Price Targets
A number of equities analysts have recently commented on TSLA shares. Bank of America began coverage on Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price objective on the stock. Canaccord Genuity Group set a $520.00 target price on shares of Tesla in a research report on Thursday, January 29th. Morgan Stanley set a $415.00 price target on shares of Tesla and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday, March 12th. Finally, William Blair reissued a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $406.84.
Check Out Our Latest Report on Tesla
Tesla Stock Down 3.2%
NASDAQ TSLA opened at $367.96 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The business has a 50 day moving average price of $414.76 and a two-hundred day moving average price of $427.84. The stock has a market cap of $1.38 trillion, a PE ratio of 340.70, a P/E/G ratio of 10.88 and a beta of 1.89.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Tesla’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 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.
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