Riverbridge Partners LLC Has $45.39 Million Stake in Tesla, Inc. $TSLA

Riverbridge Partners LLC trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.3% during the second quarter, HoldingsChannel.com reports. The fund owned 107,923 shares of the electric vehicle producer’s stock after selling 13,717 shares during the quarter. Tesla accounts for about 1.3% of Riverbridge Partners LLC’s holdings, making the stock its 25th largest position. Riverbridge Partners LLC’s holdings in Tesla were worth $45,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. boosted its position in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares in the last quarter. Friedenthal Financial boosted its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in Tesla during the third quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla during the third quarter worth approximately $31,000. 66.20% of the stock is owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Swedish strike ends: IF Metall said all conflict measures against Tesla’s Swedish operations will cease on August 19 after Tesla buyouts. The agreement removes a nearly three-year labor disruption and may improve vehicle deliveries, service and parts operations in the region. TSLA Stock Rises As Swedish Union Ends Nearly 3-Year Strike After Tesla Buyouts
• Positive Sentiment: Large solar investment under consideration: Tesla is seeking approval for a proposed $10.1 billion solar-panel factory in Texas. The project could broaden Tesla’s energy business and support Elon Musk’s goal of significantly increasing U.S. solar manufacturing, though it also represents substantial capital and execution risk. Tesla $10 Billion Solar Bet Could Change Its Energy Game
• Positive Sentiment: Signs of demand and regional growth: Tesla’s online configurator shows extended delivery estimates for base Model 3, Model Y and Cybertruck orders, while the company is expanding its Japanese delivery network amid stronger demand. These indicators could support near-term deliveries if production and logistics keep pace. Tesla Cars Facing More Demand Than Stock
• Neutral Sentiment: Analyst targets remain above the market price: Consensus price targets have risen despite more Hold ratings than Buy ratings. The disconnect reflects optimism about autonomy, robotics and energy rather than strong current profitability.
• Neutral Sentiment: Portfolio activity: Gamco Investors added 6,650 Tesla shares, offering a modest institutional vote of confidence. Conversely, investor Michael Burry reportedly reduced overall exposure and positioned for a broader market decline, underscoring divided sentiment. Gamco Investors boosts Tesla stake
• Negative Sentiment: Valuation remains a major overhang: Critics argue Tesla is priced for exceptional growth despite thin auto margins, negative free cash flow concerns and a very high earnings multiple. The latest quarter also included an EPS miss, increasing pressure on future products to justify the premium.
• Negative Sentiment: Autonomy execution is under scrutiny: Investors remain concerned about delays or slower progress in unsupervised Full Self-Driving and Robotaxi plans. Because much of Tesla’s valuation depends on these businesses, further setbacks could weigh heavily on the stock.
• Negative Sentiment: Governance and reputation risk: Reports that Elon Musk received compensation vastly exceeding average employee pay may fuel shareholder concerns about governance, dilution and management priorities.

Tesla Trading Up 3.8%

Shares of TSLA opened at $339.96 on Friday. The stock’s fifty day simple moving average is $371.75 and its 200-day simple moving average is $390.51. The firm has a market capitalization of $1.34 trillion, a PE ratio of 314.78, a price-to-earnings-growth ratio of 16.54 and a beta of 1.83. 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.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share 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 firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the company a “buy” rating in a report on Thursday, July 23rd. Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Tesla in a research note on Tuesday, July 28th. Finally, Citizens Jmp assumed coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $401.74.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction 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. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

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.