Emerald Investment Advisers LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,549 shares of the electric vehicle producer's stock, valued at approximately $12,428,000. Tesla makes up 0.8% of Emerald Investment Advisers LLC's investment portfolio, making the stock its 23rd biggest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westpac Banking Corp purchased a new stake in shares of Tesla during the second quarter valued at approximately $22,572,000. Iyo Bank Ltd. purchased a new position in Tesla in the 2nd quarter worth approximately $482,000. TRB Wealth Management LLC bought a new position in Tesla in the 2nd quarter valued at approximately $3,905,000. Sumitomo Life Insurance Co. purchased a new stake in Tesla during the 2nd quarter valued at $10,107,000. Finally, William Blair Investment Management LLC purchased a new stake in Tesla during the 2nd quarter valued at $2,990,000. Institutional investors own 66.20% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Mizuho set a $450.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Citizens Jmp began coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. Finally, Morgan Stanley reiterated a "mixed" rating on shares of Tesla in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $401.74.
Read Our Latest Stock 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
Insider Transactions at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company's stock, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by insiders.
Tesla Stock Down 5.9%
Shares of TSLA stock opened at $354.08 on Friday. The company's fifty day simple moving average is $358.22 and its two-hundred day simple moving average is $383.10. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The stock has a market cap of $1.40 trillion, a P/E ratio of 327.85, a PEG ratio of 19.00 and a beta of 1.84. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Tesla Company Profile
(
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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