Peachtree Investment Partners LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 1,542 shares of the electric vehicle producer’s stock, valued at approximately $649,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new position in Tesla in the 4th quarter worth about $17,128,100,000. Corient Private Wealth LLC boosted its stake in Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Bank of New York Mellon Corp purchased a new position in Tesla during the 2nd quarter worth approximately $6,083,630,000. Bank of America Corp DE lifted its stake in Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its position in Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after acquiring an additional 7,367,507 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Stifel Nicolaus set a $491.00 target price on Tesla and gave the company a “buy” rating in a research note on Monday, August 3rd. Piper Sandler cut their target price on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. BTIG Research cut shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Guggenheim initiated coverage on shares of Tesla in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. Finally, Phillip Securities cut their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $401.74.
Tesla News Summary
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.
Insider Transactions 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 shares were 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 in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.
Tesla Price Performance
Shares of TSLA opened at $348.75 on Friday. 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 PE ratio of 322.92, a PEG ratio of 17.61 and a beta of 1.83. The firm’s 50 day moving average price is $360.33 and its 200 day moving average price is $385.15. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results 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). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business’s revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
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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