Sound Income Strategies LLC Purchases 1,469 Shares of Tesla, Inc. $TSLA

Sound Income Strategies LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,143 shares of the electric vehicle producer’s stock after buying an additional 1,469 shares during the period. Sound Income Strategies LLC’s holdings in Tesla were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TSLA. Brighton Jones LLC boosted its stake in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after buying an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after buying an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC grew its holdings in Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after acquiring an additional 851 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, July 23rd. Mizuho set a $450.00 price target on shares of Tesla and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley lowered their price target on shares of Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a report on Friday, August 14th. Finally, China Renaissance decreased their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $401.74.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale 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 corporate insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
• Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
• Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
• Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
• Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
• Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
• Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
• Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
• Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.

Tesla Trading Down 1.7%

TSLA opened at $345.13 on Friday. The firm has a 50 day simple moving average of $366.49 and a 200 day simple moving average of $387.49. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a market cap of $1.36 trillion, a price-to-earnings ratio of 319.57, a price-to-earnings-growth ratio of 17.73 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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). 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 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla Company 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.