Elgethun Capital Management Invests $559,000 in Tesla, Inc. $TSLA
- by americanbankingnews
- Jun 04, 2026
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Key Points
Elgethun Capital Management opened a new Tesla position in the fourth quarter, buying 1,244 shares worth about $559,000 according to its latest 13F filing.
Institutional ownership remains high, with hedge funds and other institutions holding 66.20% of Tesla’s stock, and several other firms also modestly increased their stakes.
Tesla’s latest quarter showed EPS of $0.41, topping estimates, while revenue came in below forecasts; analysts currently have a consensus rating of Hold with an average price target of $395.20. ';ad_container.style.height='auto';}},3000);MarketBeat Week in Review – 05/18 - 05/22
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for 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%. Tesla's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, sell-side analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current year.
Insider Buying and Selling at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,482 shares of company stock worth $21,508,331 over the last three months. 19.90% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
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