Tesla, Inc. $TSLA is Canvas Wealth Advisors LLC’s 9th Largest Position

Canvas Wealth Advisors LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,891 shares of the electric vehicle producer’s stock after buying an additional 1,797 shares during the period. Tesla accounts for approximately 2.8% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Canvas Wealth Advisors LLC’s holdings in Tesla were worth $16,688,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC grew its position in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after buying an additional 5,039 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in shares of Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after acquiring an additional 2,341 shares in the last quarter. Private Capital Advisors Inc. boosted its position in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after acquiring an additional 12,417 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Tesla during the 4th quarter valued at about $1,035,000. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in shares of Tesla by 34.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after purchasing an additional 16,652 shares in the last quarter. 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: Royal Bank of Canada raised its price target on Tesla to $500 from $475 and kept an outperform rating, signaling continued upside expectations. Benzinga
• Positive Sentiment: Tesla’s Q2 delivery report showed a strong rebound in EV deliveries, which investors are reading as evidence that the core auto business is turning around. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi service to Miami, its first city outside Texas and California, reinforcing the company’s long-term autonomy story and helping lift the stock. Article Title
• Positive Sentiment: Analysts and market commentators noted that Tesla could see estimate revisions and a rebound ahead of its July 22 earnings report, adding to near-term bullish momentum. Article Title
• Neutral Sentiment: Several pieces focused on Tesla’s growing humanoid-robot and autonomy ambitions, including speculation about a future Tesla-SpaceX combination, but these are still long-dated narratives rather than immediate fundamentals. Article Title
• Neutral Sentiment: Wall Street also continues to debate whether Tesla’s AI and robotaxi optionality justifies the valuation, with some analysts preferring SpaceX over Tesla for Elon Musk exposure. Article Title
• Negative Sentiment: Bearish coverage remains a headwind, with articles questioning Tesla’s expensive valuation and whether autonomy progress is happening fast enough to support the stock. Article Title

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on 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. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,015 shares of company stock worth $12,383,640 over the last ninety days. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Tesla from $400.00 to $430.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $415.00 price target on shares of Tesla in a research note on Thursday, July 2nd. Piper Sandler reissued an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. The Goldman Sachs Group began coverage on shares of Tesla in a report on Friday, June 5th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Twenty-one research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $404.64.

Tesla Stock Up 6.7%

Shares of NASDAQ:TSLA opened at $419.77 on Tuesday. The stock’s 50-day moving average price is $407.39 and its 200-day moving average price is $411.34. Tesla, Inc. has a 12-month low of $288.77 and a 12-month high of $498.83. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 385.11, a price-to-earnings-growth ratio of 15.61 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 1.2 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.