Summit Global Investments Acquires Shares of 44,981 Tesla, Inc. $TSLA

Posted by George Bondi on Aug 28th, 2026

Summit Global Investments acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 44,981 shares of the electric vehicle producer’s stock, valued at approximately $18,919,000. Tesla accounts for about 1.0% of Summit Global Investments’ holdings, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chapman Financial Group LLC purchased a new stake in Tesla in the second quarter valued at approximately $26,000. Friedenthal Financial grew its position in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $30,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla in the 3rd quarter valued at $31,000. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in Tesla during the 4th quarter worth $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’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 completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Up 2.6%

Shares of NASDAQ:TSLA opened at $354.81 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week 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’s 50-day simple moving average is $361.37 and its 200-day simple moving average is $385.41. The company has a market cap of $1.40 trillion, a price-to-earnings ratio of 328.53, a PEG ratio of 17.46 and a beta of 1.83.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla’s official Robotaxi account announced longer service hours and a larger unsupervised fleet, with expansion beyond Austin and Miami. Broader deployment would provide evidence that Tesla is moving from autonomous-driving promises toward a commercial network, while the Cybercab remains a potential long-term catalyst. Tesla Stock Is Trending Higher Today: What’s Happening?
Positive Sentiment: Tesla reportedly began production of Optimus humanoid robots at its Fremont facility. The milestone strengthens the robotics investment case, although meaningful revenue and margin benefits may take time to emerge. Optimus Just Entered Production at Fremont
Positive Sentiment: Tesla scheduled a September 24 event for the Semi, highlighting autonomous trucking as a potentially significant future sales driver. Tesla Announces Semi Event for September 24
Positive Sentiment: Strong Nvidia results improved sentiment toward AI-related companies, potentially supporting Tesla’s AI-compute and Full Self-Driving training narrative. Tesla also denied reports that it was scaling back FSD work or shutting its Shanghai data center. Why Nvidia Earnings Matter for Tesla Stock
Neutral Sentiment: Waymo’s planned robo-taxi expansion into Germany underscores Tesla’s leadership opportunity but also intensifies competition in autonomous driving. Rivian’s driver-assistance system reportedly trails Tesla in point-to-point performance, although the gap is narrowing.
Negative Sentiment: Tesla discontinued Solar Roof sales, raising fresh concerns about execution and the breadth of its energy strategy. Tesla Quietly Kills Solar Roof Tiles
Negative Sentiment: Cybertruck prices rose by as much as $5,000 despite sluggish demand. Higher prices could support per-unit profitability but risk further limiting sales. Tesla also lost a senior AI-chip engineer, highlighting competition for specialized talent. Tesla Hikes Cybertruck Prices
Negative Sentiment: Analysts and commentators continue to flag Tesla’s very high valuation, shrinking margins, negative free cash flow, Chinese competition and reliance on unproven robotaxi and robotics revenue. A large China recall also adds regulatory and product-quality risk.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSLA. HSBC restated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Guggenheim began coverage on Tesla in a report on Monday, June 29th. They set a “neutral” rating on the stock. Mizuho set a $450.00 price target on Tesla and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research note on Monday, July 27th. Finally, Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $401.74.

Read Our Latest Research Report on TSLA

About Tesla

(Free Report)

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.