Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 7,122,168 shares of the electric vehicle producer’s stock, valued at approximately $2,995,584,000. Tesla comprises 1.7% of Mitsubishi UFJ Asset Management Co. Ltd.’s holdings, making the stock its 10th biggest holding.
A number of other large investors have also bought and sold shares of TSLA. OneDigital Investment Advisors LLC bought a new stake in Tesla in the second quarter valued at $18,185,000. Plato Investment Management Ltd acquired a new stake in shares of Tesla in the 2nd quarter valued at about $26,986,000. R.H. Investment Group LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at about $214,000. Bell Investment Advisors Inc bought a new stake in Tesla in the 2nd quarter valued at about $477,000. Finally, AMG National Trust Bank acquired a new position in Tesla during the 2nd quarter worth approximately $2,776,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a research report on Monday, July 27th. Morgan Stanley reduced their price objective on shares of Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. BTIG Research cut shares of Tesla to a “neutral” rating in a research report on Friday, June 5th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Tuesday, August 18th. 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 report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $401.74.
Insider Transactions at Tesla
In other Tesla 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 completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade 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 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 corporate insiders.
Tesla Price Performance
TSLA opened at $348.75 on Monday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a 50-day moving average of $360.33 and a 200 day moving average of $384.92. 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 firm has a market cap of $1.38 trillion, a P/E ratio of 322.92, a PEG ratio of 17.61 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 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 the consensus estimate of $26.42 billion. During the same period in the prior year, the firm posted $0.33 EPS. The business’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.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion
- Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout
- Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production
- Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order
- Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event
- Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall
- Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident
- Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership.
Tesla Company 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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