Plato Investment Management Ltd acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 64,537 shares of the electric vehicle producer’s stock, valued at approximately $26,986,000. Tesla accounts for about 1.5% of Plato Investment Management Ltd’s holdings, making the stock its 10th biggest position.
Other hedge funds also recently modified their holdings of the company. R.H. Investment Group LLC acquired a new position in Tesla in the second quarter valued at approximately $214,000. Bell Investment Advisors Inc acquired a new stake in Tesla during the 2nd quarter worth $477,000. AMG National Trust Bank acquired a new stake in Tesla during the 2nd quarter worth $2,776,000. Insight Wealth Partners LLC bought a new stake in shares of Tesla during the 2nd quarter valued at $1,096,000. Finally, Roman Butler Fullerton & Co. acquired a new position in shares of Tesla in the 2nd quarter valued at $889,000. Institutional investors own 66.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Phillip Securities decreased their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Wednesday, May 13th. Mizuho set a $450.00 target price on Tesla and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Roth Capital restated a “buy” rating and set a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $130.00 price target (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Finally, DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Tesla has an average rating of “Hold” and an average price target of $401.74.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion
- Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout
- Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production
- Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order
- Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event
- Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall
- Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident
- Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership.
Tesla Stock Performance
Shares of TSLA opened at $348.75 on Monday. The firm has a market cap of $1.38 trillion, a P/E ratio of 322.92, a PEG ratio of 17.61 and a beta of 1.83. Tesla, Inc. has a twelve month low of $297.38 and a twelve month 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 firm’s 50 day moving average price is $360.33 and its two-hundred day moving average price is $384.92.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Insider Activity
In other Tesla 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 value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, 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 SEC, which is available through the SEC website. 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 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.
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