Life Planning Partners Inc lessened its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 76.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 658 shares of the electric vehicle producer’s stock after selling 2,144 shares during the period. Tesla accounts for 0.2% of Life Planning Partners Inc’s portfolio, making the stock its 27th largest holding. Life Planning Partners Inc’s holdings in Tesla were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the third quarter worth $30,000. Texas Capital Bancshares Inc TX bought a new stake in Tesla during the 3rd quarter worth about $31,000. Friedenthal Financial lifted its position in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Chapman Financial Group LLC bought a new position in shares of Tesla in the 2nd quarter valued at about $26,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in shares of Tesla during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla Stock Up 5.1%
Shares of TSLA stock opened at $362.86 on Friday. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $365.62 and a 200-day moving average of $387.31. The company has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 335.98, a P/E/G ratio of 18.32 and a beta of 1.83.
Insider Activity
In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
- Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
- Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
- Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
- Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
- Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown
Wall Street Analyst Weigh In
A number of analysts have commented on TSLA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. BMO Capital Markets began coverage on Tesla in a report on Monday, August 17th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lowered their price target on Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a “hold” rating in a research note on Thursday, July 23rd. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $401.74.
View Our Latest Analysis 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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