Great Lakes Advisors LLC bought 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. The institutional investor bought 3,709 shares of the electric vehicle producer's stock, valued at approximately $1,560,000.
Several other institutional investors have also modified their holdings of TSLA. Norges Bank acquired a new stake in shares of Tesla in the fourth quarter valued at $17,128,100,000. Corient Private Wealth LLC grew its stake in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Tesla during the 2nd quarter worth about $6,083,630,000. Deutsche Bank AG acquired a new stake in Tesla in the 2nd quarter valued at about $4,039,090,000. Finally, Bank of America Corp DE boosted its stake in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after buying an additional 7,450,766 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on TSLA. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Tuesday, August 18th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a report on Monday, August 3rd. Citizens Jmp assumed coverage on shares of Tesla in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. Finally, BTIG Research downgraded shares of Tesla to a "neutral" rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $401.74.
Check Out Our Latest Stock Analysis on Tesla
Tesla Stock Performance
Shares of Tesla stock opened at $356.09 on Wednesday. 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 52 week low of $297.38 and a 52 week high of $498.83. The firm's 50 day moving average is $359.08 and its two-hundred day moving average is $384.01. The firm has a market capitalization of $1.41 trillion, a P/E ratio of 329.72, a P/E/G ratio of 18.58 and a beta of 1.84.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Monday, June 8th. The shares were 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. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s planned Cybercab launch in Austin on September 3 remains the primary bullish catalyst. Texas records show a fleet of 45 purpose-built Cybercabs, alongside 269 Model Ys, suggesting Tesla is moving from concept demonstrations toward an operating robotaxi service. Tesla's Cybercab Fleet Hits 45 Ahead of Austin Launch
- Positive Sentiment: Tesla said its supervised Full Self-Driving system recorded 4.1 times fewer collisions than manually driven Tesla vehicles across five European countries. The data is intended to support broader European approval, which could expand FSD and future autonomous-driving revenue. Tesla touts European supervised self-driving safety data ahead of EU vote
- Positive Sentiment: Freight operator Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and all 500 trucks in its order by 2027. The timetable provides a clearer commercial-use case for Tesla’s heavy-duty EV program. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
- Positive Sentiment: A U.S. policy aimed at securing the power grid may benefit Tesla’s energy-storage business, giving investors another potential growth avenue beyond vehicles and robotics. Tesla stock investors stand to gain from U.S. power grid
- Neutral Sentiment: August European registrations were mixed: France rose 279% and Denmark 104%, while Norway fell 79% and Portugal declined 36.5% despite overall light-EV registrations growing there. The uneven results reinforce uncertainty around Tesla’s demand trajectory. Tesla's European registrations mixed in August
- Neutral Sentiment: Tesla raised U.S. Cybertruck prices by $5,000, potentially supporting revenue per vehicle and margins, but the reversal of earlier price cuts also raises questions about demand elasticity.
- Negative Sentiment: Investors appear to be taking profits and reassessing whether Cybercab can justify Tesla’s roughly $1.4 trillion valuation. The stock’s elevated valuation leaves limited room for disappointment, while analysts continue to cite margin pressure and weak cash-flow trends.
- Negative Sentiment: Waymo is challenging Tesla’s “pure end-to-end” autonomy approach, arguing that a sensor mix is necessary for safety. Competition and regulatory scrutiny could slow Tesla’s robotaxi rollout. Waymo goes on offense ahead of Tesla's Cybercab launch
- Negative Sentiment: An Australian court may grant an independent expert access to Tesla’s internal engineering systems in an Autopilot-related class action, adding legal and disclosure risk. Australian judge floats giving court-appointed expert access to Tesla's engineering systems
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.
Further Reading
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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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