5,704 Shares in Tesla, Inc. $TSLA Purchased by Aurora Investment Managers LLC.

Key Points

• Aurora Investment Managers LLC acquired 5,704 Tesla shares worth approximately $2.4 million in the second quarter, making Tesla about 1.5% of its portfolio. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed the $0.50 consensus forecast.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $401.74. Tesla’s CFO also sold 2,606 shares to cover tax obligations tied to vested equity awards.

Aurora Investment Managers LLC. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,704 shares of the electric vehicle producer's stock, valued at approximately $2,399,000. Tesla accounts for about 1.5% of Aurora Investment Managers LLC.'s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Networth Advisors LLC acquired a new stake in Tesla in the fourth quarter valued at $26,000. Davidson Capital Management Inc. grew its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter valued at about $30,000. Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla in the third quarter valued at about $31,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Price Performance

Tesla stock opened at $328.58 on Friday. The company has a market cap of $1.30 trillion, a price-to-earnings ratio of 304.24, a PEG ratio of 15.86 and a beta of 1.83. 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 firm has a 50 day moving average price of $378.76 and a 200 day moving average price of $393.76. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the firm earned $0.33 earnings per share. The company's quarterly revenue was up 25.5% on a year-over-year basis. Sell-side analysts predict that Tesla, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TSLA. BTIG Research lowered shares of Tesla to a "neutral" rating in a research report on Friday, June 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Tesla in a research note on Tuesday, July 28th. The Goldman Sachs Group assumed coverage on Tesla in a report on Friday, June 5th. They issued a "buy" rating on the stock. BNP Paribas Exane cut Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Finally, William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $401.74.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla and SpaceX announced an initial $16.8 billion investment in Terafab, a planned advanced semiconductor facility in Texas. The project could give Tesla greater control over chips needed for Optimus robots, autonomous vehicles and other AI systems, while supporting about 3,000 jobs. Approximately 25% of the compute capacity is expected to support Tesla’s projects, with the remainder targeted toward SpaceX-related AI applications. Reuters Terafab announcement
• Positive Sentiment: Investors continued to focus on Tesla’s potential to dominate the U.S. robotaxi market, citing its large vehicle fleet, data collection and Full Self-Driving software. Upcoming European FSD authorization votes in October and November could expand subscriptions and reinforce the autonomy growth story. Reasons Tesla could monopolize robotaxis
• Positive Sentiment: Tesla’s Supercharger network is expected to become available at EVgo stations, improving charging convenience for Tesla owners and potentially increasing the value of its charging ecosystem. Tesla also received support from reported institutional and retail buying, including an increased Czech National Bank position. Superchargers at EVgo stations
• Neutral Sentiment: SpaceX disclosed roughly $295 million of Tesla Megapack purchases during the second quarter, providing a meaningful related-party demand signal for Tesla’s energy-storage business. However, Terafab is expected to rely on natural-gas power plants rather than Tesla solar systems, limiting the immediate benefit to Tesla’s energy segment. SpaceX Megapack purchases
• Negative Sentiment: Tesla’s latest quarterly EPS missed expectations despite stronger-than-anticipated revenue, and the stock remains well below its 50-day and 200-day moving averages. At a very high valuation, investors may demand faster earnings growth to justify spending on Terafab, robotaxis and Optimus.
• Negative Sentiment: Ford’s planned sub-$30,000 Fathom electric pickup could intensify price competition against the Cybertruck. Separately, an FSD user receiving a speeding ticket highlights continuing safety, liability and regulatory risks, while critics argue Tesla’s camera-based autonomy approach may lag systems using lidar. Ford Fathom EV competition

Tesla Company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source