Accurate Wealth Management LLC Sells 6,776 Shares of Tesla, Inc. $TSLA

Key Points

• Accurate Wealth Management LLC cut its Tesla position by 19.5% in the second quarter, selling 6,776 shares and retaining 28,012 shares worth approximately $11.4 million. Institutional investors collectively own 66.2% of Tesla.
• Analyst sentiment remains mixed: Tesla has a consensus “Hold” rating and an average price target of $401.74, while ratings range from Sell to Strong Buy. CFO Vaibhav Taneja also sold 2,606 shares to cover tax obligations tied to vested equity awards.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings of $0.33 per share missed the $0.50 consensus. The stock opened at $342.27, while its valuation remained elevated at roughly 317 times earnings.

Accurate Wealth Management LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,012 shares of the electric vehicle producer's stock after selling 6,776 shares during the quarter. Tesla accounts for about 1.1% of Accurate Wealth Management LLC's holdings, making the stock its 22nd largest holding. Accurate Wealth Management LLC's holdings in Tesla were worth $11,422,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSLA. Norges Bank bought a new stake in shares of Tesla in the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC boosted its stake in shares of Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Bank of America Corp DE increased its stake in shares of Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. raised its holdings in Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock valued at $3,688,630,000 after buying an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on TSLA. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the company a "hold" rating in a research note on Monday, July 13th. Phillip Securities cut their target price on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research note on Wednesday, May 13th. Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a report on Friday, June 5th. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research report on Friday. Finally, Tigress Financial initiated coverage on Tesla in a report on Monday, April 27th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $401.74.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Stock Up 0.7%

TSLA stock opened at $342.27 on Friday. The business has a 50 day moving average of $370.77 and a 200 day moving average of $390.17. The firm has a market cap of $1.35 trillion, a PE ratio of 316.92, a price-to-earnings-growth ratio of 17.16 and a beta of 1.83. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. 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 released its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during 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 company's revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. On average, research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster
• Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike
• Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating
• Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans
• Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again
• Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns.
• Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report

About Tesla

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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