Bogart Wealth LLC Grows Holdings in Tesla, Inc. $TSLA

Bogart Wealth LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 169.5% during the first quarter, Holdings Channel reports. The fund owned 3,075 shares of the electric vehicle producer’s stock after acquiring an additional 1,934 shares during the quarter. Bogart Wealth LLC’s holdings in Tesla were worth $1,143,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSLA. Fortitude Advisory Group L.L.C. grew its holdings in Tesla by 13.7% in the first quarter. Fortitude Advisory Group L.L.C. now owns 6,001 shares of the electric vehicle producer’s stock valued at $2,231,000 after purchasing an additional 724 shares during the period. DGS Capital Management LLC grew its stake in Tesla by 14.8% during the first quarter. DGS Capital Management LLC now owns 8,311 shares of the electric vehicle producer’s stock worth $3,090,000 after buying an additional 1,069 shares during the period. Ascentis Independent Advisors lifted its holdings in shares of Tesla by 99.1% during the 1st quarter. Ascentis Independent Advisors now owns 28,413 shares of the electric vehicle producer’s stock valued at $10,563,000 after acquiring an additional 14,141 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in Tesla by 4.8% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,447 shares of the electric vehicle producer’s stock valued at $1,282,000 after purchasing an additional 158 shares in the last quarter. Finally, GM Advisory Group LLC raised its position in Tesla by 5.1% in the first quarter. GM Advisory Group LLC now owns 10,877 shares of the electric vehicle producer’s stock valued at $4,044,000 after purchasing an additional 531 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on TSLA. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a report on Tuesday, June 30th. Glj Research restated a “sell” rating on shares of Tesla in a research note on Friday, June 12th. President Capital increased their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Finally, Tigress Financial assumed coverage on Tesla in a research note on Monday, April 27th. They set a “buy” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $404.64.

Tesla Stock Up 6.7%

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

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

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated 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 sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its Robotaxi service to Miami, adding a new U.S. market outside Texas and California and reinforcing the view that its autonomous ride-hailing business is moving forward. Tesla (TSLA) Shares Skyrocket, What You Need To Know
• Positive Sentiment: Q2 deliveries came in stronger than expected, which helped shift sentiment back toward Tesla’s core auto business after a rough stretch for the stock. Tesla’s blowout quarter comes with a warning sign
• Positive Sentiment: Morgan Stanley sees Tesla building a 30,000-vehicle robotaxi fleet by 2030 and expects further city launches, including Phoenix, Orlando, Tampa, and Las Vegas by year-end, supporting the long-term growth narrative. TSLA Stock Cools Overnight After Miami Robotaxi Rally — But Morgan Stanley Sees 30,000-Vehicle Fleet By 2030
• Neutral Sentiment: Some commentary suggests Tesla’s AI and robotaxi ambitions are exciting, but the rollout is still slow and investors are waiting for evidence that it will materially boost revenue and profits.
• Negative Sentiment: Bearish takes from Michael Burry and valuation-focused analysts kept pressure on the stock by arguing Tesla’s premium price still looks hard to justify. Michael Burry Rejects Claims He Was Wrong on Nvidia, Tesla and Housing Bets

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.