Signature Estate & Investment Advisors LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,464 shares of the electric vehicle producer’s stock after selling 1,793 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Tesla were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares in the last quarter. Friedenthal Financial lifted 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 period. Turning Point Benefit Group Inc. bought a new position in Tesla during the third quarter worth $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the third quarter worth $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TSLA has been the topic of several research reports. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Tigress Financial started coverage on Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, President Capital raised their price objective on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $401.74.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster
- Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike
- Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating
- Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans
- Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again
- Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns.
- Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 company insiders.
Tesla Trading Up 0.7%
NASDAQ:TSLA opened at $342.27 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a market cap of $1.35 trillion, a PE ratio of 316.92, a PEG ratio of 17.28 and a beta of 1.83. The firm has a 50-day moving average of $370.77 and a 200-day moving average of $390.17.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share 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%. Tesla’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
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.
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