W1M Asset Management Ltd bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,061 shares of the electric vehicle producer’s stock, valued at approximately $4,649,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chapman Financial Group LLC bought a new position in Tesla in the 2nd quarter worth $26,000. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla during the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX bought a new position in Tesla in the third quarter worth about $31,000. Finally, Harborfront Financial Group LLC purchased a new stake in Tesla in the second quarter worth about $34,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TSLA. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup restated a “market perform” rating on shares of Tesla in a research report on Monday, August 24th. DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $401.74.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
- Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
- Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
- Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
- Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing 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. Corporate insiders own 19.90% of the company’s stock.
Tesla Trading Down 5.9%
Tesla stock opened at $354.08 on Friday. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $358.22 and its two-hundred day simple moving average is $383.10. The company has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 327.85, a price-to-earnings-growth ratio of 19.00 and a beta of 1.84.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (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 company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the firm earned $0.33 EPS. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Tesla 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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