Tesla opened Tuesday at $426.01 a share after a week of disclosures that showed one fund trimming its position and one director cashing out part of her holding. Revere Asset Management Inc cut its stake in Tesla by 9.5% in the fourth quarter, while Director Kathleen Wilson-Thompson sold 26,409 shares on Thursday, April 30th.
Revere ended the quarter with 27,224 shares after selling 2,851, leaving Tesla as its seventh biggest holding and about 4.3% of its portfolio. The position was valued at $12,243,000 in the firm’s most recent filing with the Securities and Exchange Commission. Wilson-Thompson sold her shares at an average price of $378.11 apiece, for total proceeds of $9,985,506.99, and she still owned 48,399 shares after the trade, a 35.30% reduction in her position.
The market, meanwhile, kept Tesla’s valuation near $1.60 trillion as investors weighed a fresh earnings report. Tesla posted earnings per share of $0.41 for the quarter ended Thursday, April 23rd, topping the $0.39 consensus estimate by $0.02. Revenue came in at $22.39 billion, up 15.8% from a year earlier, a result that gave traders a new benchmark after the company’s last quarterly release.
That mix of buying, selling and strong operating results is the kind of signal institutional investors watch closely, and it comes as they still hold 66.20% of Tesla’s stock. Revere’s move was not a total exit, just a smaller wager, which is why it fits with the broader pattern of hedge funds and other institutions adding and trimming positions rather than making a clean break. For readers tracking the stock, the key question is whether Tesla can keep turning earnings beats into a share price that stays above the levels where large holders have been willing to sell.
