OMC Financial Services LTD acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,562 shares of the electric vehicle producer's stock, valued at approximately $1,078,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Johnson Wealth Management LLC purchased a new position in shares of Tesla during the second quarter worth approximately $368,000. Northstar Financial Companies Inc. purchased a new stake in shares of Tesla in the second quarter valued at approximately $373,000. Gould Asset Management LLC CA purchased a new stake in shares of Tesla in the second quarter valued at approximately $367,000. Arrowroot Family Office LLC bought a new position in Tesla in the second quarter worth approximately $772,000. Finally, Zeit Capital LLC purchased a new position in Tesla during the 2nd quarter worth $451,000. 66.20% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Price Performance
Shares of TSLA opened at $348.75 on Friday. The company has a 50 day moving average of $360.33 and a two-hundred day moving average of $385.15. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a market cap of $1.38 trillion, a price-to-earnings ratio of 322.92, a price-to-earnings-growth ratio of 17.61 and a beta of 1.83.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (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 business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The business's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. BMO Capital Markets began coverage on Tesla in a research report on Monday, August 17th. They set an "outperform" rating for the company. The Goldman Sachs Group began coverage on Tesla in a research note on Friday, June 5th. They set a "buy" rating on the stock. JPMorgan Chase & Co. decreased their price objective on Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on shares of Tesla in a research note on Monday, July 27th. Finally, HSBC reiterated a "hold" rating on shares of Tesla in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $401.74.
View Our Latest Stock Report on Tesla
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion
- Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout
- Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production
- Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order
- Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event
- Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall
- Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident
- Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership.
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.
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