Synergy Asset Management LLC Boosts Stock Holdings in Tesla, Inc. $TSLA

Synergy Asset Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 13.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,729 shares of the electric vehicle producer’s stock after acquiring an additional 4,085 shares during the period. Tesla makes up 1.4% of Synergy Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Synergy Asset Management LLC’s holdings in Tesla were worth $14,607,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in Tesla during the third quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the 3rd quarter worth approximately $31,000. Friedenthal Financial boosted its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter valued at approximately $26,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in shares of Tesla in the fourth quarter valued at $37,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 insiders.

Tesla Stock Performance

Shares of TSLA opened at $362.86 on Monday. The company’s fifty day simple moving average is $365.62 and its 200-day simple moving average is $387.07. The company has a market cap of $1.43 trillion, a P/E ratio of 335.98, a P/E/G ratio of 18.32 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. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for 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%.Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSLA shares. Jefferies Financial Group set a $400.00 price target on shares of Tesla and gave the company a “hold” rating in a research note on Monday, July 13th. HSBC reissued a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Citigroup started coverage on shares of Tesla in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Roth Capital reaffirmed a “buy” rating and issued a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price target on Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $401.74.

Tesla 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.