Hartford Investment Management Co. trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 162,315 shares of the electric vehicle producer’s stock after selling 2,093 shares during the quarter. Tesla comprises about 2.2% of Hartford Investment Management Co.’s holdings, making the stock its 9th biggest holding. Hartford Investment Management Co.’s holdings in Tesla were worth $72,996,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Equita Financial Network Inc. lifted its position in shares of Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after purchasing an additional 23 shares in the last quarter. VanderPol Investments L.L.C. increased its holdings in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after purchasing an additional 23 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after purchasing an additional 23 shares during the last quarter. Cloud Capital Management LLC raised its position in Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock worth $923,000 after purchasing an additional 23 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in Tesla by 4.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock worth $271,000 after buying an additional 24 shares in the last quarter. 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 business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 80,213 shares of company stock valued at $30,851,105. Corporate insiders own 19.90% of the company’s stock.
Tesla Trading Down 2.6%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts expect that Tesla, Inc. will post 1.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on TSLA shares. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Robert W. Baird decreased their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Canaccord Genuity Group boosted their price objective on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $398.42.
View Our Latest Report on Tesla
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Analysts and investors continue to argue that Tesla’s value is increasingly tied to long-term upside from Optimus, robotaxis, Full Self-Driving, AI chips, and robotics, with Piper Sandler reiterating a $500 price target and saying investors may be getting Optimus “for free.”
- Positive Sentiment: Tesla said it will invest about $250 million to expand battery-cell production at its factory outside Berlin, which could support stronger European output as sales there improve. Article Title
- Positive Sentiment: Recent commentary also highlighted a rebound in U.S. battery demand for Tesla supplier Panasonic, reinforcing the view that EV and battery-related demand may be stabilizing.
- Positive Sentiment: Ron Baron’s very bullish comments on SpaceX are helping keep attention on Elon Musk’s broader ecosystem, which can spill over into sentiment toward Tesla as investors price in Musk’s future ventures.
- Neutral Sentiment: Tesla is sending Elon Musk to China as part of a U.S. business delegation, with investors watching for progress on FSD approval and other regulatory or market-access issues in the country.
- Neutral Sentiment: Wall Street views remain highly split, with one firm seeing significant upside while another warns of much lower valuation potential, underscoring how dependent TSLA remains on execution in AI and autonomy.
- Neutral Sentiment: A small Cybertruck recall and reports of robotaxi rollout glitches and wait-time problems are adding noise, but the financial impact appears limited so far.
- Negative Sentiment: Several recent reports point to pressure on Tesla’s near-term earnings outlook, including Zacks Research cutting multiple EPS estimates across 2026–2028 while keeping only a Hold rating.
- Negative Sentiment: Articles about slower robotaxi performance, China sales uncertainty, and battery or production delays are weighing on confidence that Tesla can deliver on its autonomy narrative quickly.
- Negative Sentiment: Some analysts also warn that Tesla’s valuation already prices in a very optimistic future, leaving the stock vulnerable if growth or autonomy milestones disappoint.
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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