Tesla, Inc. $TSLA Shares Purchased by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 109.6% in the second quarter, Holdings Channel.com reports. The fund owned 3,984 shares of the electric vehicle producer’s stock after buying an additional 2,083 shares during the quarter. Perryman Financial Advisory Inc. AD’s holdings in Tesla were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at about $26,000. Friedenthal Financial grew its stake in Tesla by 66.7% during the 1st 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. purchased a new position in Tesla during the 3rd quarter worth approximately $30,000. Texas Capital Bancshares Inc TX acquired a new position in Tesla during the third quarter worth approximately $31,000. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in Tesla in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

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 shares were 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. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada increased Tesla’s permitted Las Vegas robotaxi fleet from 10 vehicles to 5,000, providing regulatory support for the company’s autonomous-driving strategy. However, Tesla still must deploy and operate the expanded fleet successfully. Nevada robotaxi approval
• Positive Sentiment: Elon Musk teased a larger Tesla vehicle, potentially an SUV or Robovan, addressing a product gap in family-oriented vehicles and potentially expanding the company’s addressable market. Tesla Robovan teaser

Analyst Ratings Changes

TSLA has been the subject of several research analyst reports. Glj Research reissued a “sell” rating on shares of Tesla in a report on Tuesday, August 18th. UBS Group set a $460.00 price target on shares of Tesla in a research report on Thursday, July 23rd. BMO Capital Markets initiated coverage on shares of Tesla in a research note on Monday, August 17th. They set an “outperform” rating for the company. HSBC reissued a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Finally, Roth Capital restated a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $401.74.

Tesla Price Performance

Tesla stock opened at $345.82 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The business has a 50 day simple moving average of $362.28 and a 200-day simple moving average of $385.80. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market capitalization of $1.37 trillion, a PE ratio of 320.21, a price-to-earnings-growth ratio of 17.68 and a beta of 1.83.

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). The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Equities analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current 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.