QRG Capital Management Inc. Boosts Stake in Tesla, Inc. $TSLA

QRG Capital Management Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,632 shares of the electric vehicle producer’s stock after acquiring an additional 36,916 shares during the period. Tesla makes up 1.5% of QRG Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. QRG Capital Management Inc.’s holdings in Tesla were worth $205,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Tesla during the 2nd quarter worth $25,000. Friedenthal Financial boosted its holdings in shares of Tesla by 66.7% in the 1st 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. Harborfront Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Tesla during the 4th quarter valued at about $37,000. Finally, Montgomery Financial Services LLC purchased a new position in shares of Tesla during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as the company considers roughly $25 billion in spending on AI, autonomy and infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla Semi was selected as the primary supplier for a reported 2,500-truck electric fleet order, strengthening the commercial-vehicle growth story and offering a potential source of future revenue beyond passenger cars. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: Investors are anticipating the October 1 Roadster reveal, while Tesla expanded Grok in its vehicles so the assistant can handle tasks such as accessing emails, documents and ordering food. These features reinforce the company’s software and AI ambitions. Tesla Roadster Reveal
• Positive Sentiment: Billionaire investors Stanley Druckenmiller and Ron Baron reportedly view Tesla’s Full Self-Driving and autonomy opportunity as a major part of the investment case, helping sustain enthusiasm for long-term AI-related growth. Investors’ Tesla FSD Thesis
• Neutral Sentiment: Tesla registered a local entity in Vietnam, signaling possible entry into a fast-growing EV market. However, domestic leader VinFast reportedly holds a strong local advantage in market share, charging and service infrastructure. Tesla Makes a Move in Vietnam
• Negative Sentiment: Elon Musk acknowledged that Tesla has still found no automaker willing to license FSD, limiting near-term evidence that autonomy can become a high-margin licensing business. Tesla Has Zero FSD Licensing Takers
• Negative Sentiment: Analysts and commentators continue to flag weak Cybertruck performance, lower delivery expectations and competition from new EV makers. At roughly 352 times earnings, Tesla’s valuation leaves limited room for delays or disappointing execution.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Morgan Stanley reaffirmed a “reduce” rating on shares of Tesla in a report on Monday, September 14th. Finally, Piper Sandler started coverage on shares of Tesla in a research report on Monday, September 14th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $412.25.

Tesla Trading Up 0.3%

TSLA stock traded up $1.22 during midday trading on Wednesday, hitting $380.12. The company had a trading volume of 33,406,048 shares, compared to its average volume of 52,297,203. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 351.97, a PEG ratio of 18.95 and a beta of 1.84. Tesla, Inc. has a 52 week low of $297.38 and a 52 week 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 stock’s 50 day moving average price is $348.44 and its 200 day moving average price is $379.28.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla Company Profile

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.