<div id="readability-page-1"><p>Bank of New York Mellon Corp lowered its stake in shares of  Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,607,394 shares of the electric vehicle producer's stock after selling 418,764 shares during the period. Tesla comprises about  0.9% of Bank of New York Mellon Corp's portfolio, making the stock its 16th largest holding. Bank of New York Mellon Corp owned 0.52% of Tesla worth $4,303,972,000 as of its most recent filing with the SEC.</p><ul><li>MarketBeat Week in Review – 06/30 - 07/04</li></ul><p>Other institutional investors have also modified their holdings of the company. Cherry Tree Wealth Management LLC raised its stake in shares of  Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 44 shares during the last quarter.  First PREMIER Bank raised its stake in shares of  Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares during the last quarter.  Newton One Investments LLC raised its stake in shares of  Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares during the last quarter.  True Wealth Design LLC raised its stake in shares of  Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares during the last quarter.  Finally, Horrell Capital Management Inc. raised its stake in shares of  Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own  66.20% of the company's stock. </p><h2>Insider Buying and Selling at Tesla</h2><p>In related news, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the transaction, the director directly owned 85,000 shares of the company's stock, valued at $23,300,200. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 833,509 shares of company stock valued at $278,648,925. Corporate insiders own  20.70% of the company's stock. </p><h2>Analyst Ratings Changes</h2><ul><li>Aeva &amp; Mobileye: LiDAR Stocks Powering the Autonomous Revolution</li></ul><p>Several equities analysts recently weighed in on TSLA shares. UBS Group  set a $290.00 price target on Tesla in a research note on Monday, June 30th. Oppenheimer  restated a &#34;mixed&#34; rating on shares of Tesla in a research note on Tuesday, March 18th. The Goldman Sachs Group lifted their price target on Tesla from $285.00 to $315.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday. Morgan Stanley  restated an &#34;overweight&#34; rating and issued a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Finally, Raymond James Financial lowered Tesla to an &#34;outperform&#34; rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned  a buy rating and one  has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and an average price target of $301.24.</p><p><b>Read Our Latest Analysis on TSLA</b></p><h2>Tesla Stock Down 0.7%</h2><ul><li>Tesla’s Robotaxi Hype Fuels Bullish Price Targets to $500</li></ul><p>Tesla stock opened at $313.56 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The stock's fifty day simple moving average is $320.93 and its 200-day simple moving average is $325.92. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 172.29, a P/E/G ratio of 9.17 and a beta of 2.39. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. </p><p>Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the firm posted $0.45 EPS.  As a group, equities analysts expect that  Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. </p><h2>About Tesla</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Tesla</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>MarketBeat Week in Review – 06/30 - 07/04</li><li>How to Find Undervalued Stocks</li><li>The Apple Comeback Will Be Better Than the Setback</li><li>How to Calculate Options Profits</li><li>How a Government Loan Changes the Game for Plug Power</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tesla Right Now?</h2><p>Before you consider Tesla, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.</p><p>While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Bank of New York Mellon Corp reduced its stake in Tesla, Inc. by 2.5% in Q1, now holding 16,607,394 shares, valued at approximately $4.3 billion. Other institutional investors have increased their stakes, with notable raises from Cherry Tree Wealth Management and First PREMIER Bank. Insider trading included significant sales by Director Robyn M. Denholm and SVP Xiaotong Zhu. Analysts have mixed ratings on Tesla, with a consensus rating of "Hold" and an average price target of $301.24.</p>

- Bank of New York Mellon Corp reduced its stake in Tesla, Inc. by 2.5%, owning 16,607,394 shares after selling 418,764 shares in Q1.  
- Other institutional investors, such as Cherry Tree Wealth Management and First PREMIER Bank, increased their stakes significantly during the same period.  
- Tesla's stock has a consensus rating of "Hold" with an average price target of $301.24, while the company reported a revenue of $19.34 billion for the last quarter, missing estimates.

Bank of New York Mellon Corp Trims Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)