Assenagon Asset Management S.A. Sells 658,888 Shares of Tesla, Inc. $TSLA

Assenagon Asset Management S.A. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,278,968 shares of the electric vehicle producer’s stock after selling 658,888 shares during the period. Tesla comprises 1.7% of Assenagon Asset Management S.A.’s portfolio, making the stock its 11th biggest holding. Assenagon Asset Management S.A.’s holdings in Tesla were worth $1,379,134,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Armstrong Henry H Associates Inc. acquired a new position in shares of Tesla in the 2nd quarter worth approximately $225,000. 55 North Private Wealth LLC boosted its stake in Tesla by 13.3% in the 2nd quarter. 55 North Private Wealth LLC now owns 5,106 shares of the electric vehicle producer’s stock valued at $2,148,000 after buying an additional 599 shares in the last quarter. Evanson Financial LLC bought a new stake in Tesla in the second quarter valued at $3,781,000. Eclectic Associates Inc. ADV grew its position in Tesla by 1.8% in the second quarter. Eclectic Associates Inc. ADV now owns 2,497 shares of the electric vehicle producer’s stock valued at $1,050,000 after acquiring an additional 43 shares during the period. Finally, Thrive Wealth Management LLC raised its stake in Tesla by 3.4% during the second quarter. Thrive Wealth Management LLC now owns 5,779 shares of the electric vehicle producer’s stock worth $2,431,000 after acquiring an additional 188 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Shares of Tesla stock opened at $319.53 on Friday. The stock’s fifty day simple moving average is $380.90 and its 200 day simple moving average is $394.22. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.26 trillion, a PE ratio of 295.86, a PEG ratio of 15.96 and a beta of 1.83. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, research analysts predict that Tesla, Inc. will post 0.89 EPS for the current year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: $16.8 billion Terafab investment: Tesla and SpaceX formally announced plans to build an advanced AI-chip factory in Texas. Management said approximately 25% of the computing capacity could support Tesla’s Optimus robots, while roughly 75% would serve AI spacecraft and other SpaceX-related needs. The project strengthens Tesla’s long-term robotics and AI narrative, although it also represents substantial capital spending. Reuters Terafab article
• Positive Sentiment: Growing energy-storage demand: SpaceX purchased approximately $295 million of Tesla Megapacks during the second quarter to support AI data centers. Tesla also began producing Megapack 3 batteries at a new Texas facility, providing evidence that its energy business may be expanding faster than its vehicle operations. CNBC Megapack article
• Positive Sentiment: Autonomy and FSD potential: Tesla is pursuing broader European deployment of Full Self-Driving, with approval votes reportedly expected in October or November. Regulatory progress could expand subscription revenue and support the company’s robotaxi valuation case. Barron’s self-driving article
• Neutral Sentiment: Robotaxi expectations are being reset: Recent commentary suggests investors had focused heavily on fleet size and city count, while management may be lowering near-term expectations. Bullish investors view the pullback as a buying opportunity, but the reset could keep the stock volatile until Tesla demonstrates commercial scale.
• Negative Sentiment: China risk is increasing: Reports that Tesla could sell or close its China operations have raised concerns because analysts estimate China represents about 25% of Tesla’s value, including future Optimus and robotaxi opportunities. Losing the market could weaken growth prospects and Tesla’s competitive position against BYD. MarketBeat China article
• Negative Sentiment: Valuation and execution concerns remain: Tesla trades at a very high earnings multiple despite weak profitability, a recent quarterly EPS miss and sharply lower operating performance. Analysts and investors are questioning whether heavy AI, robotics and chip-factory spending will produce returns soon enough to justify the valuation.
• Negative Sentiment: Autonomy competition and legal exposure: Uber, Waymo and Amazon’s Zoox are advancing competing driverless-vehicle platforms, while Tesla is defending a self-driving patent dispute before the Supreme Court. These developments could slow Tesla’s path to robotaxi commercialization or increase regulatory and legal costs.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TSLA shares. Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group set a $460.00 price target on shares of Tesla in a report on Thursday, July 23rd. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. Citigroup assumed coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $401.74.

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.