Legal & General Group Plc Makes New Investment in Tesla, Inc. $TSLA

Legal & General Group Plc bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the second quarter, Holdings Channel.com reports. The firm bought 20,293,894 shares of the electric vehicle producer’s stock, valued at approximately $8,535,612,000. Tesla accounts for approximately 1.8% of Legal & General Group Plc’s holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. Chapman Financial Group LLC bought a new position in Tesla in the 2nd quarter valued at $26,000. Friedenthal Financial lifted its stake in shares of 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 acquiring an additional 30 shares during the period. Turning Point Benefit Group Inc. bought a new position in Tesla in the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX bought a new position in Tesla in the third quarter valued at about $31,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla in the second quarter worth about $34,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $354.08 on Monday. The company has a 50 day moving average price of $358.22 and a two-hundred day moving average price of $382.85. 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 company has a market capitalization of $1.40 trillion, a PE ratio of 327.85, a PEG ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced 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 net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the firm earned $0.33 EPS. Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the company a “hold” rating in a report on Monday, July 13th. Citizens Jmp began coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. Finally, Wells Fargo & Company reissued 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. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $401.74.

Key Tesla News

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

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.