Parallel Advisors LLC Boosts Stock Holdings in Tesla, Inc. $TSLA

Posted by Geri Gentry on Jun 5th, 2026

Parallel Advisors LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 82,912 shares of the electric vehicle producer’s stock after buying an additional 1,899 shares during the period. Tesla comprises approximately 0.7% of Parallel Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Parallel Advisors LLC’s holdings in Tesla were worth $37,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TSLA. Crestwood Advisors Group LLC grew its stake in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares during the period. Gamco Investors INC. ET AL grew its stake in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after acquiring an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after acquiring an additional 3,935 shares during the period. Calamos Wealth Management LLC grew its stake in 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 during the period. Finally, Willis Johnson & Associates Inc. grew its stake in Tesla by 21.6% in the 3rd quarter. Willis Johnson & Associates Inc. now owns 8,917 shares of the electric vehicle producer’s stock valued at $3,965,000 after acquiring an additional 1,582 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla expanded its unsupervised Robotaxi service area in Austin, a sign that its autonomous ride-hailing push is still advancing and could support the long-term AI/robotics story. Reuters: Tesla rolls out unsupervised robotaxis in Austin
Positive Sentiment: Tesla reported a strong rebound in China-made EV sales in May, with Shanghai deliveries jumping sharply as the domestic market showed signs of recovery, which may help near-term demand sentiment. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
Positive Sentiment: Global EV sales rose in April and were led by Tesla, reinforcing that the broader EV market is still growing. TipRanks: Global Electric Vehicle Sales Rose 16% in April
Neutral Sentiment: News around SpaceX’s massive IPO and speculation about a possible future Tesla-SpaceX linkage is stirring investor attention, but it is mostly indirect and highly speculative for TSLA in the near term. CNBC: SpaceX targets $135 IPO price
Negative Sentiment: Several reports highlighted that Tesla’s stock is being dragged by weakness in tech stocks overall, especially after Broadcom’s disappointing results weighed on the sector. Yahoo Finance: Sector Update: Tech Stocks Fall Thursday Afternoon
Negative Sentiment: Analysts and commentators continue to question Tesla’s rich valuation, arguing that the stock price still reflects ambitious AI, robotaxi, and robotics expectations that have not yet been fully proven in financial results. 247WallSt: Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
Negative Sentiment: Competitive and legal concerns are also lingering, including scrutiny over Tesla’s FSD claims in China and new competition in robotics and EVs, which can pressure sentiment. Yahoo Finance: Tesla Faces China FSD Lawsuit

Tesla Price Performance

Shares of NASDAQ TSLA opened at $418.45 on Friday. The firm has a 50-day simple moving average of $395.23 and a 200-day simple moving average of $416.24. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 383.90, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research note on Monday, April 27th. HSBC initiated coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. UBS Group upped their target price on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Finally, TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Tesla in a research report on Thursday. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $395.20.

View Our Latest Stock Analysis on TSLA

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% 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 three months, insiders have sold 55,218 shares of company stock worth $20,609,455. Corporate insiders own 19.90% of the company’s stock.

Tesla Company Profile

(Free Report)

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.