White Knight Strategic Wealth Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,004 shares of the electric vehicle producer's stock, valued at approximately $7,572,000. Tesla accounts for about 5.3% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Turning Point Benefit Group Inc. purchased a new position in Tesla in the 3rd quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $31,000. Friedenthal Financial increased its holdings in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 30 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $26,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research report on Tuesday, July 21st. Roth Capital reaffirmed a "buy" rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Wells Fargo & Company reissued an "underweight" rating and set a $130.00 price target (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, Morgan Stanley reaffirmed a "mixed" rating on shares of Tesla in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $401.74.
View Our Latest Analysis on Tesla
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
- Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
- Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
- Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
- Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update
Tesla Price Performance
Shares of NASDAQ:TSLA opened at $354.08 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The business's fifty day moving average price is $358.22 and its two-hundred day moving average price is $382.85. The stock has a market cap of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. On average, analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Tesla Company Profile
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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.
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