Tesla, Inc. $TSLA Shares Acquired by Manchester Financial Inc.

Manchester Financial Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 119.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,405 shares of the electric vehicle producer’s stock after purchasing an additional 6,219 shares during the quarter. Tesla comprises about 0.9% of Manchester Financial Inc.’s holdings, making the stock its 12th largest holding. Manchester Financial Inc.’s holdings in Tesla were worth $4,797,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TSLA. Human Investing LLC boosted its position in shares of Tesla by 4.5% during the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after acquiring an additional 25 shares during the last quarter. SilverOak Wealth Management LLC increased its position in Tesla by 2.3% during the fourth quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after purchasing an additional 25 shares during the last quarter. Boston Trust Walden Corp raised its stake in Tesla by 0.7% during the fourth quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock worth $1,522,000 after purchasing an additional 25 shares during the period. Cape ANN Savings Bank boosted its holdings in Tesla by 2.6% in the 4th quarter. Cape ANN Savings Bank now owns 974 shares of the electric vehicle producer’s stock valued at $438,000 after purchasing an additional 25 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in shares of Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after buying an additional 25 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSLA shares. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. HSBC restated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. Finally, China Renaissance cut their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Tesla currently 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: Large Tesla Semi order: Swedish trucking company Einride plans to deploy 500 Tesla Semis across North America over the next two years, beginning in September. The order would be the largest Tesla Semi deployment announced so far and could expand Tesla’s commercial-vehicle revenue. Reuters article
• Positive Sentiment: Cybercab rollout advances: Reports indicate Tesla is preparing to begin offering rides in its steering-wheel-free Cybercab in Austin as soon as this month, initially using employees before expanding to public robotaxi service. The launch could provide a high-profile test of Tesla’s autonomous-vehicle strategy. Reuters article
• Positive Sentiment: Robotaxi infrastructure: Tesla has reportedly filed plans for a charging hub with as many as 80 wireless chargers, signaling continued investment in scaling its robotaxi fleet and supporting the Cybercab launch. TipRanks article
• Neutral Sentiment: Amazon relationship: Filings show Amazon holds warrants representing roughly 12% of Einride, with vesting linked to Amazon purchases of freight services. This supports demand for the Semi deployment but does not represent a direct Amazon investment in Tesla. GeekWire article
• Neutral Sentiment: SpaceX speculation: Comments from former Tesla President Jon McNeill have renewed speculation that the Roadster could highlight deeper ties between Tesla and SpaceX, but no merger or transaction has been confirmed.
• Negative Sentiment: Profitability concerns: Coverage highlights Tesla’s return to negative free cash flow and its slim automotive net margin. The company also previously missed quarterly EPS expectations, increasing scrutiny of whether substantial AI and robotaxi investments can generate adequate returns.
• Negative Sentiment: Valuation and analyst warning: Tesla trades at exceptionally high earnings multiples despite subdued profitability. GLJ Research reaffirmed a Sell rating and assigned a $24.86 price target, arguing that Full Self-Driving execution could pressure the stock further. TipRanks article
• Negative Sentiment: Competition and execution risk: Amazon’s Zoox is expanding driverless service into San Francisco and Las Vegas, while investors remain concerned about regulatory approval, fleet costs, and the timing of Tesla’s robotaxi commercialization. Higher Treasury yields may also weigh on richly valued growth stocks.

Tesla Stock Performance

Tesla stock opened at $336.93 on Wednesday. The company has a market cap of $1.33 trillion, a price-to-earnings ratio of 311.98, a price-to-earnings-growth ratio of 17.28 and a beta of 1.83. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock’s 50-day moving average is $368.18 and its 200-day moving average is $388.55.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. 19.90% of the stock is currently owned by insiders.

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.