K.J. Harrison & Partners Inc acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,889 shares of the electric vehicle producer’s stock, valued at approximately $7,524,000. Tesla accounts for approximately 1.1% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 25th biggest holding.
Other hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter worth approximately $26,000. Friedenthal Financial increased its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the period. Turning Point Benefit Group Inc. bought a new stake in Tesla during the 3rd quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the 3rd quarter valued at approximately $31,000. Finally, Sarver Vrooman Wealth Advisors bought a new position in Tesla in the 4th quarter worth approximately $37,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’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 value 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. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Stock Performance
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (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 analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on the stock. BTIG Research lowered shares of Tesla to a “neutral” rating in a research report on Friday, June 5th. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Roth Capital reaffirmed a “buy” rating and issued a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. UBS Group set a $460.00 price objective on Tesla in a research report on Thursday, July 23rd. Finally, Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $401.74.
Get Our Latest Stock Report on TSLA
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Anticipation is building for Tesla’s Cybercab event in Austin, where the company is expected to showcase a two-seat autonomous vehicle without a steering wheel or pedals. Investors are treating the event as a potential catalyst for Tesla’s robotaxi strategy and future revenue growth. Tesla Cybercab launch article
- Positive Sentiment: Reports that Tesla has begun production of its Optimus humanoid robot, along with updates involving artificial intelligence and Grok, reinforced the bull case that Tesla is becoming more than an electric-vehicle manufacturer. Optimus and Grok updates
- Positive Sentiment: Tesla’s potential expansion of solar production with SpaceX and a reported large Texas chip-making facility added to optimism around its energy, computing and AI infrastructure ambitions. Texas chip facility report
- Positive Sentiment: Higher crude oil prices and renewed geopolitical concerns revived the possibility that expensive gasoline could improve consumer interest in electric vehicles. Tesla also plans to raise prices on certain Cybertruck models, potentially supporting revenue per vehicle. Oil prices and Tesla shares
- Neutral Sentiment: Speculation that Tesla could resume accepting Bitcoin payments resurfaced after Bitcoin mining reportedly surpassed Elon Musk’s earlier clean-energy threshold. No policy change has been confirmed, so the near-term stock impact is uncertain. Tesla Bitcoin payments report
- Negative Sentiment: Investors remain concerned that Tesla’s roughly $25 billion 2026 capital budget, including spending on Optimus and robotaxis, could pressure cash flow if commercialization is delayed. Analysts also warn that autonomy may become a commodity, limiting Tesla’s eventual market share and valuation upside. Tesla investment risks
- Negative Sentiment: A failed reported Robotaxi ride and Tesla’s decision to discontinue Solar Roof sales highlight execution and product-adoption risks, although the company is shifting toward conventional solar panels and energy storage. Tesla Solar Roof decision
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.
Further Reading
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