J. M. Brown & Associates Inc. Invests $1.01 Million in Tesla, Inc. $TSLA

J. M. Brown & Associates Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,391 shares of the electric vehicle producer’s stock, valued at approximately $1,006,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc lifted its position in Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after buying an additional 25 shares during the last quarter. Clear Trail Advisors LLC grew its position in Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock valued at $605,000 after acquiring an additional 25 shares during the last quarter. Peirce Capital Management LLC raised its stake in shares of Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after acquiring an additional 25 shares in the last quarter. Brio Consultants LLC lifted its holdings in shares of Tesla by 4.7% in the 4th quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock worth $259,000 after acquiring an additional 26 shares during the last quarter. Finally, Community Bank & Trust Waco Texas boosted its stake in shares of Tesla by 1.7% in the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock valued at $711,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 owned by corporate insiders.

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. Wells Fargo & Company reissued an “underweight” rating and issued a $130.00 price target (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating and set a $500.00 target price on shares of Tesla in a report on Tuesday, July 28th. UBS Group set a $460.00 price objective on Tesla in a research report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price objective on Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $401.74.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla’s Robo-Taxi Expansion Takes a Leap Forward
• Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
• Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2

Tesla Trading Down 3.8%

NASDAQ:TSLA opened at $348.95 on Tuesday. The company has a 50-day moving average price of $364.38 and a 200-day moving average price of $386.56. The stock has a market cap of $1.38 trillion, a price-to-earnings ratio of 323.10, 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 12 month low of $297.38 and a 12 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Equities analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

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.