Patriot Financial Group Insurance Agency LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 41.4% in the second quarter, HoldingsChannel reports. The firm owned 16,007 shares of the electric vehicle producer’s stock after selling 11,303 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Tesla were worth $6,733,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC acquired a new stake in Tesla during the 2nd quarter valued at $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% in the fourth 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 in the last quarter. Friedenthal Financial raised its holdings in shares of 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 buying an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in Tesla during the 3rd quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in Tesla during the 3rd quarter worth about $31,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TSLA has been the topic of a number of research reports. BMO Capital Markets began coverage on shares of Tesla in a research report on Monday. They set an “outperform” rating on the stock. Barclays boosted their target price on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on shares of Tesla in a research note on Monday, July 27th. Finally, UBS Group set a $460.00 price target on Tesla in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $401.74.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is preparing to launch its Cybercab robotaxi service in Austin, Texas, potentially beginning with employee rides this month. The rollout could provide an important real-world test of Tesla’s autonomous-driving strategy and create a new growth catalyst. Reuters Cybercab launch report
- Positive Sentiment: Reports and demonstrations indicated Tesla’s FSD Supervised system outperformed Rivian’s Autonomy+ in a real-road comparison, while Tesla’s AI chief promoted improvements in the upcoming FSD V14. These developments support the company’s long-term robotaxi and AI narrative. Tesla-Rivian self-driving test
- Positive Sentiment: Tesla’s possible flying Roadster unveiling and continued association with SpaceX are attracting investor attention and could reinforce enthusiasm around future mobility, although neither is yet a material operating business. Flying Roadster report
- Neutral Sentiment: Wall Street remains sharply divided, with Tesla’s recent record deliveries and revenue growth competing with weaker earnings quality. ARK Invest’s reported purchases of approximately 450,000 shares offer some technical support but do not resolve the fundamental debate.
- Negative Sentiment: Investors remain concerned that operating profit and free cash flow are deteriorating despite strong revenue and deliveries. Tesla’s valuation—supported heavily by future AI and robotaxi growth—leaves limited room for execution setbacks. Tesla profitability analysis
- Negative Sentiment: BYD continues to lead Tesla in the global EV market, while reports of another FSD issue and criticism of Tesla’s camera-only autonomy approach raise questions about safety, regulatory approval, and the timing of robotaxi monetization. FSD setback report
Insider Buying and Selling at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.
Tesla Price Performance
NASDAQ:TSLA opened at $339.30 on Tuesday. 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 12-month low of $297.38 and a 12-month high of $498.83. The stock’s 50 day moving average price is $369.38 and its two-hundred day moving average price is $389.21. The firm has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 314.17, a P/E/G ratio of 17.28 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.
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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