Royal London Asset Management Ltd. Buys 13,399 Shares of Tesla, Inc. $TSLA

Royal London Asset Management Ltd. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 1,576,565 shares of the electric vehicle producer’s stock after buying an additional 13,399 shares during the quarter. Tesla accounts for approximately 1.2% of Royal London Asset Management Ltd.’s investment portfolio, making the stock its 15th largest holding. Royal London Asset Management Ltd.’s holdings in Tesla were worth $663,103,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new stake in Tesla in the 3rd quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the 3rd quarter valued at approximately $31,000. Friedenthal Financial boosted its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of Tesla in the second quarter valued at $26,000. Finally, Harborfront Financial Group LLC bought a new stake in Tesla in the second quarter worth $34,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab rollout remains the primary bullish catalyst. The company has added 45 vehicles to its Austin fleet, while CEO Elon Musk says the redesigned manufacturing process could produce Cybercabs more than five times faster. Lower operating costs could help Tesla compete with Waymo and Uber if the technology scales. 45 Tesla Cybercabs Are Now Roaming Austin
• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, making it the sixth European country to do so. Investors view the approval as a possible step toward an EU-wide authorization and additional software subscription revenue. A potential European launch of Cybercab is also supporting the long-term growth narrative. Slovenia clears Tesla’s FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate at a cost advantage of as much as $0.30 per mile versus rival autonomous vehicles if Tesla reaches its targeted production costs, strengthening the potential economics of a large robotaxi network. Tesla Cybercab Could Beat Waymo on Cost
• Neutral Sentiment: Analysts continue to debate whether Tesla can become a successful robotaxi platform or whether Waymo’s operational experience and sensor-heavy approach give it an advantage. The Cybercab’s early fares have varied widely versus Uber, highlighting that the commercial model is not yet proven. Tesla versus Alphabet’s Waymo
• Negative Sentiment: Tesla’s China sales continue to weaken. August domestic sales declined, and the company is offering cash incentives through September 30, suggesting persistent competitive and demand pressure in the world’s largest EV market. Strong exports provide some offset but do not resolve the underlying weakness. Tesla Sales in China Continue Negative Streak
• Negative Sentiment: Regulatory scrutiny remains a major risk. The National Highway Traffic Safety Administration is examining certification and technical data related to nearly 1,000 driverless Cybercabs, raising questions about Tesla’s ability to expand the service quickly and safely. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: Some investors remain bearish because Tesla’s valuation is demanding relative to its modest profitability and slowing core auto business. With a very high earnings multiple, the stock is particularly dependent on successful execution of FSD, robotaxis and other future businesses.

Wall Street Analyst Weigh In

Several equities analysts have commented on TSLA shares. The Goldman Sachs Group initiated coverage on shares of Tesla in a research report on Friday, June 5th. They set a “buy” rating for the company. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a report on Monday, July 27th. Guggenheim initiated coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating on the stock. Finally, BTIG Research downgraded Tesla to a “neutral” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $401.74.

Tesla Price Performance

Tesla stock opened at $367.81 on Thursday. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $354.87 and a 200-day moving average price of $381.84. The firm has a market capitalization of $1.45 trillion, a PE ratio of 340.57, a price-to-earnings-growth ratio of 18.59 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.