CHICAGO TRUST Co NA lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,158 shares of the electric vehicle producer’s stock after selling 1,342 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Tesla were worth $960,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at $26,000. Chelsea Counsel Co. increased its position in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Tesla in the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the second quarter worth about $30,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $32,000. 66.20% of the stock is currently owned by institutional investors.
Tesla Trading Up 1.6%
Shares of TSLA stock opened at $488.73 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a fifty day simple moving average of $441.03 and a two-hundred day simple moving average of $382.58. The firm has a market capitalization of $1.63 trillion, a PE ratio of 325.82, a PEG ratio of 12.02 and a beta of 1.87. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on TSLA shares. President Capital increased their price objective on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $404.14.
View Our Latest Stock Report on Tesla
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 19.90% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Delaware Supreme Court restored Elon Musk’s 2018 compensation package, ending a long legal overhang and materially improving investor sentiment and governance clarity around the payout. This ruling is cited repeatedly as the main reason TSLA is trading higher today. Stock Market Today, Dec. 22: Tesla Shares Jump After Court Reinstates Elon Musk Pay Deal
- Positive Sentiment: Autonomous-driving credibility lift: Tesla’s fleet reportedly kept operating during the San Francisco blackout while Waymo paused service, reinforcing Tesla’s robotaxi PR and safety narrative. That operational resilience is supporting positive investor flows into TSLA. Waymo pauses robotaxi service in San Francisco after blackout chaos — Musk says Tesla car service unaffected
- Positive Sentiment: Analyst/target support: Deutsche Bank raised a price target (and other brokers have reiterated buy/outperform ratings), providing institutional validation that helps momentum. Deutsche Bank Boosts Tesla Price Target to $500
- Neutral Sentiment: Goldman Sachs reiterated a Neutral rating amid a California regulatory review — indicates limited near‑term fundamental downgrade risk but also less upside from that shop. Goldman Reiterates Neutral on Tesla
- Neutral Sentiment: Patent filing suggests potential Starlink dish integration in vehicle roofs — interesting product/ARPU upside but speculative and longer‑dated. New Patent Signals Tesla Could Integrate Starlink Dish
- Negative Sentiment: Demand concerns: coverage highlights that Tesla is on track for a second straight year of declining EV sales and faces stiff competition from BYD and lower-cost rivals — a fundamental risk if deliveries miss expectations. Should You Buy Tesla Stock Before Jan. 2?
- Negative Sentiment: Investor caution and structural questions: commentary about a potential loss of an “Elon Musk premium” after a SpaceX IPO and calls from some outlets to sell into the rally add volatility risk and could cap further near‑term gains. Will Tesla Stock Lose Its ‘Elon Musk Premium’ After the SpaceX IPO?
About Tesla
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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