Tesla, Inc. $TSLA Shares Purchased by Defender Capital LLC.

Defender Capital LLC. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 29,925 shares of the electric vehicle producer’s stock after acquiring an additional 4,143 shares during the quarter. Tesla accounts for about 4.1% of Defender Capital LLC.’s investment portfolio, making the stock its 8th largest holding. Defender Capital LLC.’s holdings in Tesla were worth $12,586,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSLA. Chapman Financial Group LLC acquired a new stake in Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter worth about $30,000. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter worth about $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly directed about $372 million into Tesla, while a broader technology rally and expectations for long-term AI and autonomy growth have supported demand for the shares. Why Retail Investors Are Flooding Back Into Tesla
• Positive Sentiment: Tesla’s proposed $10.1 billion solar-cell factory in Texas signals a potentially significant expansion of its energy business and could strengthen the company’s longer-term growth narrative beyond vehicle sales. Tesla Files Plans for a $10.1 Billion Solar Factory in Texas
• Positive Sentiment: A six-seat Model Y configuration helped drive Tesla’s strongest July performance in Australia, offering evidence that product variations may expand demand in family-oriented markets. Tesla’s New 6-Seat Model Y
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s app, services and charging ecosystem as ways to monetize its installed vehicle base without relying exclusively on new-car sales. Tesla Just Found Another Way to Grow Without Selling a Car

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. Phillip Securities dropped their target price on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. The Goldman Sachs Group started coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating for the company. DZ Bank upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, Truist Financial set a $370.00 target price on shares of Tesla and gave the company a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $401.74.

Tesla Stock Performance

Shares of Tesla stock opened at $330.88 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm’s 50-day simple moving average is $377.06 and its 200-day simple moving average is $392.83. The firm has a market cap of $1.31 trillion, a PE ratio of 306.37, a price-to-earnings-growth ratio of 16.59 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. Equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla Company Profile

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.