OneAscent Financial Services LLC Acquires Shares of 18,418 Tesla, Inc. $TSLA

OneAscent Financial Services LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,418 shares of the electric vehicle producer’s stock, valued at approximately $7,747,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares during the last quarter. Norges Bank bought a new stake in shares of Tesla in the 4th quarter worth $17,128,100,000. Amundi raised its stake in shares of Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
• Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla’s self-driving tech
• Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
• Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
• Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.

Tesla Stock Performance

TSLA opened at $376.36 on Friday. The company’s 50 day moving average is $358.73 and its 200 day moving average is $383.30. 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 company has a market cap of $1.49 trillion, a price-to-earnings ratio of 348.48, a PEG ratio of 18.02 and a beta of 1.84. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion for 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 firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TSLA shares. DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Roth Capital reissued a “buy” rating and issued a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $475.00 to $445.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $401.74.

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.