Riverbridge Partners LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,923 shares of the electric vehicle producer’s stock after selling 13,717 shares during the quarter. Tesla comprises approximately 1.3% of Riverbridge Partners LLC’s holdings, making the stock its 25th largest position. Riverbridge Partners LLC’s holdings in Tesla were worth $45,392,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TSLA. Norges Bank bought a new stake in Tesla during the fourth quarter worth approximately $17,128,100,000. Corient Private Wealth LLC raised its position in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Bank of America Corp DE lifted its stake in shares of Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after buying an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. boosted its holdings in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after buying an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. grew its stake in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the last quarter. 66.20% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on TSLA shares. UBS Group set a $460.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. Citizens Jmp initiated coverage on Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Citigroup initiated coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $401.74.
Key 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.
Insider Buying and Selling
In other Tesla 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 transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.
Tesla Trading Up 3.8%
Shares of TSLA opened at $339.96 on Friday. The stock’s 50-day moving average price is $371.75 and its 200 day moving average price is $390.51. 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 market capitalization of $1.34 trillion, a price-to-earnings ratio of 314.78, a P/E/G ratio of 16.54 and a beta of 1.83. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business posted $0.33 EPS. Tesla’s revenue was up 25.5% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.
About Tesla
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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