Bank of America Corp DE Sells 1,792,777 Shares of Tesla, Inc. $TSLA

Bank of America Corp DE lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 8.6% in the first quarter, HoldingsChannel reports. The fund owned 18,962,828 shares of the electric vehicle producer’s stock after selling 1,792,777 shares during the quarter. Bank of America Corp DE’s holdings in Tesla were worth $7,049,431,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSLA. Brighton Jones LLC raised its holdings in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after acquiring an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC lifted its position in Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after acquiring an additional 851 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-term growth initiatives received support from Cathie Wood’s ARK Invest, which continued buying Tesla shares after the selloff. Some analysts also maintain bullish targets based on potential growth in Full Self-Driving, robotaxis and Optimus humanoid robots. Cathie Wood Doubles Down on Tesla Stock
• Positive Sentiment: The company signed long-term renewable-power purchase agreements in Arizona and Texas, while its Optimus division expanded teleoperation capabilities through an acquisition from Virtuix. These moves support Tesla’s energy and robotics strategies, although they are not yet major earnings contributors. Tesla Secures Long-Term Power Deals and Expands Optimus Teleoperation
• Positive Sentiment: Technical indicators show TSLA is at its most oversold level in more than a year, raising the possibility of a short-term rebound. Morningstar also described the post-earnings decline as an attractive buying opportunity. Tesla Stock Hasn’t Been This Oversold in More Than a Year
• Neutral Sentiment: Tesla won a bid to revive a UK lawsuit involving 5G patent licensing, but the legal development is unlikely to materially change near-term financial results. Tesla Wins Bid to Revive UK Lawsuit
• Negative Sentiment: Second-quarter EPS missed estimates by approximately 34%, despite a revenue beat. Operating income fell sharply, free cash flow turned negative and capital expenditures rose substantially, intensifying concerns about margins and cash generation.
• Negative Sentiment: The stock has fallen for five straight sessions and is trading below key moving averages, near its 52-week low. Although the shares are oversold, valuation remains elevated relative to current automotive earnings, leaving little room for execution disappointments. Tesla Stock Breaks $300
• Negative Sentiment: Investor confidence is also being pressured by delays and execution risks surrounding robotaxis and Optimus, increased competition from Ford and BYD, and the strong performance of bearish Tesla ETFs. Tesla Stock Suffered Its Worst Week Since 2022

Tesla Price Performance

Tesla stock opened at $298.32 on Thursday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company’s 50 day moving average price is $394.41 and its two-hundred day moving average price is $399.48. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.18 trillion, a P/E ratio of 276.22, a P/E/G ratio of 15.71 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. BTIG Research lowered Tesla to a “neutral” rating in a report on Friday, June 5th. Mizuho set a $450.00 target price on Tesla and gave the company an “outperform” rating in a report on Thursday, July 23rd. Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Finally, Piper Sandler lowered their price target on Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $402.24.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

About Tesla

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.