WealthShield Partners LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,616 shares of the electric vehicle producer’s stock, valued at approximately $1,521,000.
Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Marks Group Wealth Management Inc raised its position in Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after acquiring an additional 25 shares during the last quarter. Clear Trail Advisors LLC lifted its holdings in shares of Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock valued at $605,000 after purchasing an additional 25 shares in the last quarter. Peirce Capital Management LLC grew its position in shares of Tesla by 1.5% in the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after purchasing an additional 25 shares during the last quarter. Brio Consultants LLC increased its stake in shares of Tesla by 4.7% during the 4th quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock worth $259,000 after purchasing an additional 26 shares in the last quarter. Finally, Community Bank & Trust Waco Texas increased its stake in shares of Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock worth $711,000 after purchasing an additional 26 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a legal 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 Price Performance
Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Thursday, July 23rd. 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 business had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter last year, the company posted $0.33 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.
Key Tesla News
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
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on TSLA shares. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a research note on Monday, July 27th. William Blair reissued a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Guggenheim started coverage on Tesla in a research report on Monday, June 29th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $401.74.
View Our Latest Research Report on TSLA
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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