Sequoia Financial Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 27.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,986 shares of the electric vehicle producer’s stock after purchasing an additional 31,090 shares during the period. Sequoia Financial Advisors LLC’s holdings in Tesla were worth $60,981,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. State Street Corp lifted its holdings in shares of Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC boosted its position in Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares during the period. Norges Bank purchased a new position in Tesla during the fourth quarter valued at approximately $17,128,100,000. Finally, Amundi grew its holdings in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related 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 value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 company insiders.
Tesla Stock Down 0.9%
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently issued reports on TSLA. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Tuesday, April 21st. Tigress Financial began coverage on Tesla in a research report on Monday, April 27th. They issued a “buy” rating on the stock. TD Cowen reiterated a “buy” rating on shares of Tesla in a report on Friday. Barclays boosted their price target on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Phillip Securities cut their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $401.74.
View Our Latest Analysis on Tesla
Key Stories 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
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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