WT Wealth Management Raises Holdings in Tesla, Inc. $TSLA

WT Wealth Management lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 39.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 11,163 shares of the electric vehicle producer’s stock after acquiring an additional 3,138 shares during the quarter. Tesla makes up approximately 1.3% of WT Wealth Management’s portfolio, making the stock its 19th biggest position. WT Wealth Management’s holdings in Tesla were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSLA. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter worth about $26,000. Friedenthal Financial raised 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 valued at $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the 3rd quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the third quarter valued at approximately $31,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in Tesla during the fourth quarter valued at approximately $37,000. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Tesla Price Performance

Tesla stock opened at $362.86 on Monday. 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 has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 335.98, a PEG ratio of 18.32 and a beta of 1.83. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The business has a fifty day moving average price of $365.62 and a 200-day moving average price of $387.07.

Tesla (NASDAQ:TSLA) last announced 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. HSBC restated a “hold” rating on shares of Tesla in a report on Monday, June 15th. Citizens Jmp assumed coverage on Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating for the company. Glj Research restated a “sell” rating on shares of Tesla in a research note on Tuesday, August 18th. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Finally, Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned 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.com, Tesla presently has a consensus rating of “Hold” and an average target price of $401.74.

Tesla Profile

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.