Rep. Robert Bresnahan, Jr. Sells Off Tesla, Inc. (NASDAQ:TSLA) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Tesla, Inc. (NASDAQ:TSLA). In a filing disclosed on April 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Tesla stock on March 31st. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Okta (NASDAQ:OKTA) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of SanDisk (NASDAQ:SNDK) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/2/2025.

Tesla Stock Up 5.5 %

Tesla stock opened at $251.07 on Thursday. The firm has a market cap of $807.56 billion, a price-to-earnings ratio of 123.07, a PEG ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $157.51 and a 12 month high of $488.54. The stock has a fifty day simple moving average of $267.29 and a two-hundred day simple moving average of $322.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Wednesday. Truist Financial dropped their price objective on shares of Tesla from $373.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. TD Cowen upgraded Tesla from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Finally, Wedbush reiterated an “outperform” rating and set a $350.00 target price (up from $315.00) on shares of Tesla in a research report on Tuesday. Ten investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $283.24.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. This trade represents a 12.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. Chung Wu Investment Group LLC purchased a new position in shares of Tesla in the 1st quarter valued at about $314,000. KG&L Capital Management LLC increased its stake in Tesla by 31.2% in the first quarter. KG&L Capital Management LLC now owns 10,392 shares of the electric vehicle producer’s stock valued at $2,693,000 after purchasing an additional 2,473 shares during the last quarter. Balefire LLC raised its holdings in Tesla by 737.7% during the first quarter. Balefire LLC now owns 2,153 shares of the electric vehicle producer’s stock worth $558,000 after purchasing an additional 1,896 shares in the last quarter. Goldstein Advisors LLC lifted its position in shares of Tesla by 5.6% during the 1st quarter. Goldstein Advisors LLC now owns 1,405 shares of the electric vehicle producer’s stock worth $364,000 after buying an additional 75 shares during the last quarter. Finally, Madrona Financial Services LLC grew its position in shares of Tesla by 9.3% in the 1st quarter. Madrona Financial Services LLC now owns 2,984 shares of the electric vehicle producer’s stock valued at $773,000 after buying an additional 255 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.