Verus Capital Partners LLC Has $9.99 Million Holdings in Tesla, Inc. $TSLA

Verus Capital Partners LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,884 shares of the electric vehicle producer’s stock after purchasing an additional 4,567 shares during the quarter. Verus Capital Partners LLC’s holdings in Tesla were worth $9,994,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Woodmont Investment Counsel LLC boosted its stake in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after acquiring an additional 25 shares during the last quarter. Aspect Partners LLC grew its holdings in Tesla by 12.5% during the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock worth $101,000 after acquiring an additional 25 shares during the period. Human Investing LLC raised 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 raised its position in shares of Tesla by 2.3% during the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after acquiring an additional 25 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of Tesla by 0.7% in the 4th quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock valued at $1,522,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA opened at $311.20 on Friday. The stock has a market cap of $1.23 trillion, a P/E ratio of 288.15, a P/E/G ratio of 15.33 and a beta of 1.80. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $389.93 and a 200 day simple moving average of $397.91.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share 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 for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue was up 25.5% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 0.89 EPS for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 corporate insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSLA shares. JPMorgan Chase & Co. decreased their price objective on Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Mizuho set a $450.00 target price on Tesla and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, Morgan Stanley lowered their price target on Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $402.24.

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.