Wesbanco Bank Inc. Sells 1,270 Shares of Tesla, Inc. $TSLA

Wesbanco Bank Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,877 shares of the electric vehicle producer’s stock after selling 1,270 shares during the period. Wesbanco Bank Inc.’s holdings in Tesla were worth $24,850,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BridgePort Financial Solutions LLC lifted its position in shares of Tesla by 11.0% during the third quarter. BridgePort Financial Solutions LLC now owns 1,630 shares of the electric vehicle producer’s stock valued at $725,000 after purchasing an additional 161 shares in the last quarter. Rockland Trust Co. lifted its position in shares of Tesla by 66.9% during the 3rd quarter. Rockland Trust Co. now owns 1,552 shares of the electric vehicle producer’s stock worth $690,000 after buying an additional 622 shares in the last quarter. First National Trust Co boosted its stake in shares of Tesla by 2.2% in the 3rd quarter. First National Trust Co now owns 37,745 shares of the electric vehicle producer’s stock worth $16,786,000 after buying an additional 830 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Tesla by 3.9% in the third quarter. Wealthfront Advisers LLC now owns 394,126 shares of the electric vehicle producer’s stock valued at $175,276,000 after acquiring an additional 14,864 shares in the last quarter. Finally, Gallagher Capital Advisors LLC increased its position in shares of Tesla by 9.3% during the third quarter. Gallagher Capital Advisors LLC now owns 1,178 shares of the electric vehicle producer’s stock valued at $553,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $417.17 on Tuesday. The business’s fifty day moving average is $446.19 and its 200 day moving average is $412.50. The firm has a market cap of $1.57 trillion, a price-to-earnings ratio of 386.27, a PEG ratio of 13.77 and a beta of 1.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on TSLA shares. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Thursday, January 29th. CICC Research lifted their price target on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Dbs Bank raised Tesla to a “hold” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, January 27th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $403.92.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: CEO Elon Musk confirmed Tesla will ramp up high-volume production of the all‑electric Semi in 2026 — a move that, if delivered, would add a higher‑margin commercial revenue stream and support vehicle-volume recovery expectations. Musk Confirms that Tesla Will Ramp Up Semi Truck Production in 2026
• Positive Sentiment: Tesla announced active hiring and a concrete 2028 timeline for a 100 GW U.S. solar manufacturing target — a tangible expansion in its energy business that supports upside to long‑term revenue diversification and institutional buying noted in the report. Tesla (TSLA) Stock Gains 4% on Solar Manufacturing Expansion
• Positive Sentiment: Tesla rolled out new Semi trim levels and reiterated the plan for volume production this year — product detail and clearer timelines reduce execution uncertainty for the Semi roadmap. Tesla Announces New Semi Truck Trim Levels, Elon Musk Reaffirms Volume Production This Year
• Neutral Sentiment: Elon Musk’s comments about hiring philosophy and emphasis on “conversation” over résumé are notable for culture and talent sourcing but have ambiguous near‑term financial impact. ‘Don’t look at the résumé’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials
• Neutral Sentiment: Barclays reiterated a Neutral rating on TSLA — a reminder that some large sell‑side shops remain cautious even as headlines trend positive. Tesla’s (TSLA) Neutral Rating Reiterated at Barclays
• Negative Sentiment: Long‑time Tesla VP Raj Jegannathan — who oversaw IT, AI‑infrastructure, business apps, info‑sec and had led sales/service in North America — announced his departure after 13 years. Executive turnover at senior sales/IT roles raises short‑term execution and organizational continuity concerns. Tesla exec Raj Jegannathan leaves automaker after 13 years Tesla loses another sales executive
• Negative Sentiment: Competitive pressure is rising: BYD unveiled advanced battery tech (10,000‑cycle claims and solid‑state plans) that could erode Tesla’s battery cost/feature advantage, and Rivian’s lower‑priced R2 SUV is being road‑tested — both increase upside risk to Tesla’s market share and margin outlook in key segments. BYD Unveils New Battery Tech Rivian’s $45K R2 SUV Spotted Testing

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.