Laidlaw Wealth Management LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,611 shares of the electric vehicle producer’s stock, valued at approximately $1,519,000. Tesla comprises approximately 4.3% of Laidlaw Wealth Management LLC’s holdings, making the stock its 5th largest position.
Other institutional investors have also added to or reduced their stakes in the company. Marks Group Wealth Management Inc increased its stake in shares of Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after purchasing an additional 25 shares in the last quarter. Clear Trail Advisors LLC lifted its position in Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock valued at $605,000 after purchasing an additional 25 shares in the last quarter. Peirce Capital Management LLC lifted its position in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after purchasing an additional 25 shares in the last quarter. Brio Consultants LLC grew its holdings in Tesla by 4.7% during the fourth quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock valued at $259,000 after purchasing an additional 26 shares during the period. Finally, Community Bank & Trust Waco Texas increased its position in Tesla by 1.7% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock worth $711,000 after buying an additional 26 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
- Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
- Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla’s self-driving tech
- Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
- Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
- Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.
Insider Buying and Selling at Tesla
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. 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. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. HSBC restated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Guggenheim assumed coverage on shares of Tesla in a research note on Monday, June 29th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $401.74.
Read Our Latest Report on Tesla
Tesla Stock Up 5.4%
Shares of TSLA opened at $376.36 on Friday. The business’s 50 day moving average is $358.73 and its 200 day moving average is $383.30. The company has a current ratio of 1.94, a quick ratio of 1.55 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 company has a market capitalization of $1.49 trillion, a PE ratio of 348.48, a price-to-earnings-growth ratio of 18.02 and a beta of 1.84.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share 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 business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal 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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