Tesla, Inc. $TSLA Stock Position Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,746 shares of the electric vehicle producer’s stock after selling 3,160 shares during the quarter. Sowell Financial Services LLC’s holdings in Tesla were worth $13,773,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Davidson Capital Management Inc. increased its position in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla during the 3rd quarter valued at about $31,000. Friedenthal Financial increased its holdings 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. Finally, Chapman Financial Group LLC bought a new position in shares of Tesla in the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $351.12 on Thursday. The business has a 50 day simple moving average of $367.57 and a 200 day simple moving average of $388.09. 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 company has a market capitalization of $1.39 trillion, a PE ratio of 325.11, a price-to-earnings-growth ratio of 17.01 and a beta of 1.83. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company 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 quarter last year, the company earned $0.33 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent analyst reports. Citigroup assumed coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. UBS Group set a $460.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday. Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Piper Sandler cut their target price on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $401.74.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus
• Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet
• Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America
• Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win

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.