Oppenheimer Asset Management Inc. Buys New Stake in Tesla, Inc. $TSLA

Oppenheimer Asset Management Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, HoldingsChannel.com reports. The fund purchased 60,200 shares of the electric vehicle producer’s stock, valued at approximately $25,320,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chapman Financial Group LLC bought a new stake in shares of Tesla in the second quarter worth about $26,000. Friedenthal Financial boosted its stake in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in Tesla during the 3rd quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla during the 3rd quarter valued at approximately $31,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in Tesla in the 4th quarter worth approximately $37,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related 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 transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s official Robotaxi account announced longer service hours and a larger unsupervised fleet, with expansion beyond Austin and Miami. Broader deployment would provide evidence that Tesla is moving from autonomous-driving promises toward a commercial network, while the Cybercab remains a potential long-term catalyst. Tesla Stock Is Trending Higher Today: What’s Happening?
• Positive Sentiment: Tesla reportedly began production of Optimus humanoid robots at its Fremont facility. The milestone strengthens the robotics investment case, although meaningful revenue and margin benefits may take time to emerge. Optimus Just Entered Production at Fremont
• Positive Sentiment: Tesla scheduled a September 24 event for the Semi, highlighting autonomous trucking as a potentially significant future sales driver. Tesla Announces Semi Event for September 24
• Positive Sentiment: Strong Nvidia results improved sentiment toward AI-related companies, potentially supporting Tesla’s AI-compute and Full Self-Driving training narrative. Tesla also denied reports that it was scaling back FSD work or shutting its Shanghai data center. Why Nvidia Earnings Matter for Tesla Stock
• Neutral Sentiment: Waymo’s planned robo-taxi expansion into Germany underscores Tesla’s leadership opportunity but also intensifies competition in autonomous driving. Rivian’s driver-assistance system reportedly trails Tesla in point-to-point performance, although the gap is narrowing.
• Negative Sentiment: Tesla discontinued Solar Roof sales, raising fresh concerns about execution and the breadth of its energy strategy. Tesla Quietly Kills Solar Roof Tiles
• Negative Sentiment: Cybertruck prices rose by as much as $5,000 despite sluggish demand. Higher prices could support per-unit profitability but risk further limiting sales. Tesla also lost a senior AI-chip engineer, highlighting competition for specialized talent. Tesla Hikes Cybertruck Prices
• Negative Sentiment: Analysts and commentators continue to flag Tesla’s very high valuation, shrinking margins, negative free cash flow, Chinese competition and reliance on unproven robotaxi and robotics revenue. A large China recall also adds regulatory and product-quality risk.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird set a $475.00 target price on Tesla in a research report on Monday, July 27th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $130.00 price target (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Roth Capital reiterated a “buy” rating and set a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Glj Research restated a “sell” rating on shares of Tesla in a report on Tuesday, August 18th. Finally, William Blair restated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $401.74.

Tesla Stock Up 2.6%

Shares of TSLA opened at $354.81 on Friday. The company has a market cap of $1.40 trillion, a PE ratio of 328.53, a P/E/G ratio of 17.46 and a beta of 1.83. The business has a fifty day moving average of $361.37 and a 200 day moving average of $385.41. Tesla, Inc. has a 52-week low of $297.38 and a 52-week 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.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the firm earned $0.33 EPS. The company’s revenue was up 25.5% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 0.88 EPS 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.