Tesla, Inc. $TSLA Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 99,244 shares of the electric vehicle producer’s stock after acquiring an additional 6,544 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Tesla were worth $41,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla during the 2nd quarter valued at approximately $26,000. Friedenthal Financial increased its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla in the third quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the third quarter valued at $31,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in shares of Tesla in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 5.1%

Shares of NASDAQ:TSLA opened at $362.86 on Friday. The firm has a 50 day simple moving average of $365.62 and a 200 day simple moving average of $387.31. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market cap of $1.43 trillion, a PE ratio of 335.98, a price-to-earnings-growth ratio of 17.43 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the business earned $0.33 EPS. The business’s quarterly revenue was up 25.5% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

Key Stories Impacting 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

Analyst Ratings Changes

TSLA has been the topic of several research reports. Piper Sandler cut their price objective on Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Citizens Jmp assumed coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. BMO Capital Markets assumed coverage on shares of Tesla in a report on Monday. They issued an “outperform” rating for the company. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. Finally, BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $401.74.

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.