Net Worth Advisory Group lowered its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 32.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,010 shares of the electric vehicle producer’s stock after selling 2,893 shares during the quarter. Tesla accounts for 0.6% of Net Worth Advisory Group’s holdings, making the stock its 27th biggest position. Net Worth Advisory Group’s holdings in Tesla were worth $2,528,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Davidson Capital Management Inc. raised its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla during the third quarter valued at approximately $31,000. Friedenthal Financial lifted its holdings in Tesla by 66.7% in the first 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 period. Finally, Key Capital Management INC purchased a new stake in Tesla in the 4th quarter worth approximately $34,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Swedish strike ends: IF Metall said all conflict measures against Tesla’s Swedish operations will cease on August 19 after Tesla buyouts. The agreement removes a nearly three-year labor disruption and may improve vehicle deliveries, service and parts operations in the region. TSLA Stock Rises As Swedish Union Ends Nearly 3-Year Strike After Tesla Buyouts
- Positive Sentiment: Large solar investment under consideration: Tesla is seeking approval for a proposed $10.1 billion solar-panel factory in Texas. The project could broaden Tesla’s energy business and support Elon Musk’s goal of significantly increasing U.S. solar manufacturing, though it also represents substantial capital and execution risk. Tesla $10 Billion Solar Bet Could Change Its Energy Game
- Positive Sentiment: Signs of demand and regional growth: Tesla’s online configurator shows extended delivery estimates for base Model 3, Model Y and Cybertruck orders, while the company is expanding its Japanese delivery network amid stronger demand. These indicators could support near-term deliveries if production and logistics keep pace. Tesla Cars Facing More Demand Than Stock
- Neutral Sentiment: Analyst targets remain above the market price: Consensus price targets have risen despite more Hold ratings than Buy ratings. The disconnect reflects optimism about autonomy, robotics and energy rather than strong current profitability.
- Neutral Sentiment: Portfolio activity: Gamco Investors added 6,650 Tesla shares, offering a modest institutional vote of confidence. Conversely, investor Michael Burry reportedly reduced overall exposure and positioned for a broader market decline, underscoring divided sentiment. Gamco Investors boosts Tesla stake
- Negative Sentiment: Valuation remains a major overhang: Critics argue Tesla is priced for exceptional growth despite thin auto margins, negative free cash flow concerns and a very high earnings multiple. The latest quarter also included an EPS miss, increasing pressure on future products to justify the premium.
- Negative Sentiment: Autonomy execution is under scrutiny: Investors remain concerned about delays or slower progress in unsupervised Full Self-Driving and Robotaxi plans. Because much of Tesla’s valuation depends on these businesses, further setbacks could weigh heavily on the stock.
- Negative Sentiment: Governance and reputation risk: Reports that Elon Musk received compensation vastly exceeding average employee pay may fuel shareholder concerns about governance, dilution and management priorities.
Analysts Set New Price Targets
View Our Latest Stock Report on Tesla
Tesla Trading Up 3.8%
TSLA stock opened at $339.96 on Friday. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The business’s 50-day moving average is $371.75 and its 200 day moving average is $390.51. 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 stock has a market cap of $1.34 trillion, a price-to-earnings ratio of 314.78, a PEG ratio of 16.54 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its 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 analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Insider Activity at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 completion of the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.
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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