Meeder Advisory Services Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,508 shares of the electric vehicle producer’s stock, valued at approximately $24,188,000. Tesla accounts for 0.9% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 22nd biggest holding.
Several other institutional investors have also recently added to or reduced their stakes in TSLA. Harborfront Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at $34,000. Meeder Asset Management Inc. acquired a new position in Tesla during the 2nd quarter worth about $1,143,000. Tiemann Investment Advisors LLC purchased a new position in Tesla during the 2nd quarter valued at about $290,000. Citizens Financial Group Inc. RI acquired a new position in Tesla in the 2nd quarter valued at about $38,308,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in Tesla during the second quarter worth about $3,908,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla Stock Up 5.5%
Shares of NASDAQ TSLA opened at $367.95 on Tuesday. The business has a 50-day moving average price of $359.59 and a 200 day moving average price of $384.52. The stock has a market cap of $1.45 trillion, a PE ratio of 340.70, a price-to-earnings-growth ratio of 17.61 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. HSBC reissued a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Stifel Nicolaus set a $491.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group set a $460.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Mizuho set a $450.00 price objective on Tesla and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $401.74.
Read Our Latest Analysis on TSLA
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Anticipation is building for Tesla’s Cybercab event in Austin, where the company is expected to showcase a two-seat autonomous vehicle without a steering wheel or pedals. Investors are treating the event as a potential catalyst for Tesla’s robotaxi strategy and future revenue growth. Tesla Cybercab launch article
- Positive Sentiment: Reports that Tesla has begun production of its Optimus humanoid robot, along with updates involving artificial intelligence and Grok, reinforced the bull case that Tesla is becoming more than an electric-vehicle manufacturer. Optimus and Grok updates
- Positive Sentiment: Tesla’s potential expansion of solar production with SpaceX and a reported large Texas chip-making facility added to optimism around its energy, computing and AI infrastructure ambitions. Texas chip facility report
- Positive Sentiment: Higher crude oil prices and renewed geopolitical concerns revived the possibility that expensive gasoline could improve consumer interest in electric vehicles. Tesla also plans to raise prices on certain Cybertruck models, potentially supporting revenue per vehicle. Oil prices and Tesla shares
- Neutral Sentiment: Speculation that Tesla could resume accepting Bitcoin payments resurfaced after Bitcoin mining reportedly surpassed Elon Musk’s earlier clean-energy threshold. No policy change has been confirmed, so the near-term stock impact is uncertain. Tesla Bitcoin payments report
- Negative Sentiment: Investors remain concerned that Tesla’s roughly $25 billion 2026 capital budget, including spending on Optimus and robotaxis, could pressure cash flow if commercialization is delayed. Analysts also warn that autonomy may become a commodity, limiting Tesla’s eventual market share and valuation upside. Tesla investment risks
- Negative Sentiment: A failed reported Robotaxi ride and Tesla’s decision to discontinue Solar Roof sales highlight execution and product-adoption risks, although the company is shifting toward conventional solar panels and energy storage. Tesla Solar Roof decision
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.
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