Wellspring Financial Advisors LLC Increases Stock Holdings in Tesla, Inc. $TSLA

Wellspring Financial Advisors LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,223 shares of the electric vehicle producer’s stock after purchasing an additional 1,425 shares during the period. Tesla accounts for 0.2% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 19th largest position. Wellspring Financial Advisors LLC’s holdings in Tesla were worth $9,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in Tesla by 18.2% during the 2nd quarter. Fortitude Family Office LLC now owns 1,576 shares of the electric vehicle producer’s stock worth $663,000 after buying an additional 243 shares during the period. Prevail Innovative Wealth Advisors LLC grew its stake in Tesla by 87.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 1,636 shares of the electric vehicle producer’s stock worth $688,000 after purchasing an additional 762 shares in the last quarter. Fortem Financial Group LLC increased its holdings in Tesla by 1.3% in the second quarter. Fortem Financial Group LLC now owns 26,336 shares of the electric vehicle producer’s stock valued at $11,077,000 after buying an additional 330 shares during the last quarter. Blackhawk Capital Partners LLC raised its stake in Tesla by 4.6% during the second quarter. Blackhawk Capital Partners LLC now owns 6,264 shares of the electric vehicle producer’s stock valued at $2,635,000 after buying an additional 275 shares in the last quarter. Finally, Forbes J M & Co. LLP lifted its holdings in Tesla by 1.2% during the 2nd quarter. Forbes J M & Co. LLP now owns 13,525 shares of the electric vehicle producer’s stock worth $5,689,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus
• Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet
• Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America
• Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win

Tesla Stock Up 4.2%

TSLA stock opened at $351.12 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 325.11, a P/E/G ratio of 17.01 and a beta of 1.83. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company’s 50 day simple moving average is $367.57 and its 200-day simple moving average is $388.09.

Tesla (NASDAQ:TSLA) last posted 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 analysts’ expectations of $26.42 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research reports. Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, August 3rd. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. Phillip Securities cut their price target on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. Tigress Financial initiated coverage on Tesla in a research note on Monday, April 27th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Tuesday, July 21st. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $401.74.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

About Tesla

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.