Mezzasalma Advisors LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,912 shares of the electric vehicle producer’s stock after selling 2,905 shares during the period. Tesla makes up approximately 6.8% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its largest holding. Mezzasalma Advisors LLC’s holdings in Tesla were worth $29,312,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new position in Tesla in the 3rd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in shares of Tesla in the second quarter worth about $30,000. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the third quarter worth about $30,000. Finally, First Community Trust NA purchased a new position in shares of Tesla in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Insider Buying and Selling
In related news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was 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 directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the transaction, the director directly owned 33,860 shares of the company’s stock, valued at $12,166,913.80. This trade represents a 43.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,804 shares of company stock valued at $20,865,598 over the last three months. Corporate insiders own 19.90% of the company’s stock.
Tesla Stock Down 2.2%
Tesla (NASDAQ:TSLA – Get Free Report) 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. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: NHTSA closed its probe into Tesla’s “Actually Smart Summon” feature, removing a regulatory overhang on vehicle safety and software. US regulator ends probe into Tesla’s ‘actually smart summon’ feature after software fixes
- Positive Sentiment: Tesla reported a sharp sales surge in South Korea (330% YoY in March), signaling pockets of regional strength that could help offset soft demand elsewhere. Tesla’s South Korean sales up more than 300% to 11,134 vehicles in March
- Positive Sentiment: Some sell‑side support remains — Canaccord reaffirmed a Buy and set a $420 target — giving bulls a base for rebounds if delivery trends improve. Canaccord reaffirms Buy on Tesla
- Neutral Sentiment: The approaching SpaceX IPO is creating a narrative risk: commentators (including Jim Cramer) suggest some investors may trim TSLA exposure to rotate into SpaceX, which could weigh on Tesla regardless of fundamentals. Cramer Flags New Trade: Sell Some Tesla, Wait for SpaceX IPO?
- Neutral Sentiment: Broader market dynamics (QQQ/AI leadership and macro flow) could help or hurt TSLA; a tech-led market rebound would likely support Tesla, while renewed risk‑off would accelerate outflows. 5 Reasons the Invesco QQQ ETF Could Be Headed for a Triple-Digit Rally
- Negative Sentiment: JPMorgan reiterated a bearish stance and warned TSLA could fall ~60%, citing record unsold inventory and weakening financial expectations — a high‑profile note that amplified selling pressure. JPMorgan warns Tesla stock may crash 60%
- Negative Sentiment: Analysts are cutting targets after Tesla missed Q1 delivery estimates; consensus revisions and lower targets are increasing downside risk into the company’s upcoming earnings. TSLA selloff deepens: Why analysts are slashing Tesla targets after delivery miss
- Negative Sentiment: ETF flows amplified the move: leveraged Tesla ETF TSLL plunged as traders sold exposure after the delivery miss, increasing intraday volatility and mechanical selling pressure. Tesla’s Dip Triggers TSLL Selloff—Why Are ETF Traders So Nervous?
Wall Street Analyst Weigh In
Several brokerages have weighed in on TSLA. China Renaissance upped their price target on Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Tigress Financial began coverage on Tesla in a report on Thursday, February 12th. They set a “buy” rating and a $550.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Tesla in a report on Friday, March 27th. CICC Research increased their target price on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, TD Cowen increased their target price on Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $402.61.
Read Our Latest Research Report on TSLA
Tesla 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.
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