Gibbs Wealth Management boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 234.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,064 shares of the electric vehicle producer’s stock after purchasing an additional 15,466 shares during the period. Tesla makes up 1.1% of Gibbs Wealth Management’s holdings, making the stock its 20th biggest holding. Gibbs Wealth Management’s holdings in Tesla were worth $8,202,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. PFS Partners LLC grew its holdings in shares of Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 24 shares during the period. Woodmont Investment Counsel LLC lifted its position in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the last quarter. Aspect Partners LLC increased its position in shares of Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after acquiring an additional 25 shares during the last quarter. Human Investing LLC raised its stake in shares of Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after acquiring an additional 25 shares during the period. Finally, SilverOak Wealth Management LLC lifted its holdings in shares of Tesla by 2.3% in the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla reported record quarterly revenue of $28.24 billion, up 25.5% year over year, and delivered a record number of vehicles, showing the core business is still growing. Tesla Q2 Earnings Report
- Positive Sentiment: Management highlighted progress in autonomous driving, Robotaxi expansion, Optimus production, and FSD adoption, which keeps the long-term AI and robotics story alive for bullish investors. Reuters Robotaxi Update
- Neutral Sentiment: Some analysts still see upside from the company’s autonomy strategy and reaffirmed Buy/Hold ratings, but several also cut price targets after the earnings call, signaling a more cautious stance. Analyst Price Target Cuts
- Negative Sentiment: Tesla missed EPS estimates, posted negative free cash flow for the first time in more than two years, and confirmed about $25 billion in full-year capex, raising concerns that heavy AI/robotics spending is squeezing near-term profits and liquidity. Reuters Cash Burn and Capex
- Negative Sentiment: Investor reaction also turned more negative because Elon Musk emphasized spending “as fast as we can” on AI and gave few near-term details on Robotaxi timing, which made the growth story look more like a long-dated promise than an immediate profit driver. MarketWatch Investor Reaction
Tesla Stock Performance
Tesla (NASDAQ:TSLA – Get Free Report) last issued 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). Tesla had a return on equity of 3.88% and a net margin of 3.67%.The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue was up 25.5% compared to the same quarter last year. On average, equities research analysts forecast that Tesla, Inc. will post 1.34 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 32,015 shares of company stock valued at $12,383,640. Insiders own 19.90% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on TSLA. DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their price objective on Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays boosted their price objective on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. TD Cowen restated a “buy” rating and set a $460.00 target price (down from $490.00) on shares of Tesla in a report on Thursday. Finally, UBS Group set a $460.00 target price on Tesla in a research report on Thursday. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $406.42.
Check Out Our Latest Report on TSLA
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.
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