True Freedom Investing LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,521 shares of the electric vehicle producer’s stock, valued at approximately $565,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LM Advisors LLC purchased a new position in shares of Tesla during the 2nd quarter valued at about $4,374,000. Berry Wealth Group LP purchased a new stake in Tesla in the second quarter worth approximately $382,000. Haverford Trust Co bought a new position in Tesla during the second quarter valued at approximately $1,194,000. Clear Harbor Asset Management LLC purchased a new position in shares of Tesla during the second quarter worth approximately $2,783,000. Finally, First Nebraska Trust Co bought a new stake in shares of Tesla in the 2nd quarter worth approximately $484,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on TSLA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, August 3rd. Glj Research restated a “sell” rating on shares of Tesla in a research report on Friday. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Finally, Mizuho set a $450.00 price objective on Tesla and gave the stock an “outperform” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $401.74.
Tesla Trading Down 5.9%
NASDAQ:TSLA opened at $354.08 on Friday. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84. 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 moving average of $358.22 and a 200 day moving average of $383.10. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue was up 25.5% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. On average, research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.
Tesla News Roundup
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
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred 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 owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.
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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