Liontrust Investment Partners LLP Has $4.34 Million Stock Position in Tesla, Inc. $TSLA

Liontrust Investment Partners LLP cut its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 70.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,326 shares of the electric vehicle producer’s stock after selling 24,281 shares during the period. Liontrust Investment Partners LLP’s holdings in Tesla were worth $4,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSLA. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the third quarter valued at approximately $31,000. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% in 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 in the last quarter. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $26,000. Finally, Harborfront Financial Group LLC bought a new stake in Tesla in the second quarter valued at $34,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA opened at $368.16 on Wednesday. The stock has a market cap of $1.45 trillion, a P/E ratio of 340.89, a P/E/G ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $356.02 and a 200 day simple moving average of $382.15.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 25.5% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, becoming the sixth European country to authorize the technology. The decision could support wider European adoption and future high-margin software revenue. Slovenia clears Tesla FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate for as much as $0.30 less per mile than competing autonomous vehicles if Tesla achieves its targeted $20,000–$30,000 production cost, strengthening the long-term robotaxi business case. Tesla Cybercab cost advantage
• Neutral Sentiment: Tesla has begun limited paid Cybercab rides in Austin, moving its steering-wheel-free robotaxi from concept toward commercial service. However, the small rollout provides little evidence yet regarding pricing, utilization, fleet growth or profitability. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: The National Highway Traffic Safety Administration opened a probe into the certification and safety of nearly 1,000 Cybercabs, focusing on the vehicles’ lack of steering wheels and pedals. The investigation could delay expansion and increase regulatory costs. Cybercab certification regulatory probe
• Negative Sentiment: The Cybercab launch was viewed as muted because Tesla did not provide clear economics, production targets or a nationwide rollout schedule. Investors are also comparing Tesla’s limited Austin operation with Waymo’s much larger autonomous ride network. Tesla stock falls after Cybercab launch and NHTSA probe
• Negative Sentiment: Weak demand remains a concern: Tesla’s Chinese retail sales fell 12.4% in August, while European registrations were mixed. A viral video showing a person repeatedly triggering a Cybercab’s emergency braking also raised additional safety questions. Tesla sales in China

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TSLA shares. Cantor Fitzgerald reissued an “overweight” rating and set a $485.00 price target (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. Roth Capital restated a “buy” rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group started coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating for the company. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $401.74.

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.