Canvas Wealth Advisors LLC Cuts Stock Holdings in Tesla, Inc. $TSLA

Canvas Wealth Advisors LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,792 shares of the electric vehicle producer’s stock after selling 2,099 shares during the period. Tesla comprises approximately 2.5% of Canvas Wealth Advisors LLC’s holdings, making the stock its 10th largest holding. Canvas Wealth Advisors LLC’s holdings in Tesla were worth $17,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Tesla during the fourth quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC lifted its stake in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Bank of America Corp DE lifted its stake in Tesla by 56.0% in the fourth 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 during the period. Cardano Risk Management B.V. boosted its holdings in Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after acquiring an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $332.81 on Wednesday. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 308.16, a P/E/G ratio of 16.71 and a beta of 1.83. 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 business has a fifty day simple moving average of $375.24 and a two-hundred day simple moving average of $392.14.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share 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 analysts’ expectations 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 earned $0.33 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly returned to Tesla, while enthusiasm surrounding humanoid robotics and physical-AI stocks supported the broader investment narrative around Tesla’s Optimus and Robotaxi ambitions. Tesla Stock Is on a Roll as Retail Traders Buy In
• Positive Sentiment: Tesla and SpaceX’s planned $16.8 billion Terafab semiconductor project in Texas reinforced expectations that Tesla is building infrastructure for AI, autonomy and robotics. The scale of the investment is substantial, however, relative to Tesla’s roughly $3.8 billion trailing annual profit. Tesla and SpaceX Committed $16.8 Billion to One Chip Plant
• Positive Sentiment: New technology catalysts included built-in SpaceX Starlink connectivity for Cybercab robotaxis and the emergence of an FSD v14.1 Lite version. Tesla’s design chief also said the next-generation Roadster reveal is coming soon. Tesla Built a Starlink Internet Dish Into Its Cybercab Robotaxi
• Positive Sentiment: Energy storage provided an additional growth story: SpaceX reportedly purchased nearly $300 million of Tesla Megapacks for AI data-center infrastructure, highlighting potential demand beyond vehicle sales. Tesla’s Energy Business Just Got a SpaceX Demand Signal
• Neutral Sentiment: Morgan Stanley maintained a Hold rating and a $400 price target, saying Tesla needs measurable Robotaxi scaling, more driverless miles and evidence of attractive unit economics before its premium valuation can be justified. Tesla Physical AI Prospects Balanced by Execution Risks
• Negative Sentiment: Tesla recalled 20,349 U.S. Model 3 and Model Y vehicles because excessively bright low-beam headlights could impair oncoming drivers. Regulators have not finalized a repair plan, adding to existing safety scrutiny. Tesla to Recall Over 20,000 U.S. Vehicles
• Negative Sentiment: China retail sales fell 32% even as the broader battery-EV market grew 6%, signaling competitive and demand pressure in a key market. Robotaxi paid miles also reportedly declined about 36% sequentially in the second quarter. Tesla Retail Sales in China Drop 32%
• Negative Sentiment: The investment case remains highly execution-dependent. Tesla recently missed earnings expectations, operating margins fell to about 1.4%, free cash flow turned negative and capital expenditures are tracking above $25 billion. With a valuation above 300 times earnings, disappointing autonomy or software progress could trigger a sharp re-rating.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction 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 owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, July 23rd. Erste Group Bank raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Mizuho set a $450.00 price target on shares of Tesla and gave the company an “outperform” rating in a research report on Thursday, July 23rd. President Capital increased their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average price target of $401.74.

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.