Angeles Wealth Management LLC Grows Stake in Tesla, Inc. $TSLA

Key Points

• Angeles Wealth Management increased its Tesla stake by 12.5% in the second quarter, adding 2,172 shares to hold 19,549 shares valued at approximately $8.22 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, ahead of estimates, but earnings per share of $0.33 missed expectations of $0.50. The stock trades at a highly elevated P/E ratio of about 332.
• Analysts maintain a consensus “Hold” rating with a $414.68 price target, while Tesla faces mixed developments including potential expansion into Vietnam and renewed product initiatives alongside delivery, competition, regulatory and execution concerns.

Angeles Wealth Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,549 shares of the electric vehicle producer's stock after buying an additional 2,172 shares during the period. Angeles Wealth Management LLC's holdings in Tesla were worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Unique Wealth LLC grew its holdings in Tesla by 6.4% during the 2nd quarter. Unique Wealth LLC now owns 3,063 shares of the electric vehicle producer's stock valued at $1,288,000 after purchasing an additional 185 shares during the last quarter. Chokshi & Queen Wealth Advisors Inc grew its holdings in Tesla by 12.9% during the 2nd quarter. Chokshi & Queen Wealth Advisors Inc now owns 4,471 shares of the electric vehicle producer's stock worth $1,881,000 after acquiring an additional 510 shares in the last quarter. Advisory Solutions Group LLC bought a new position in Tesla in the second quarter worth approximately $822,000. Rose Capital Advisors LLC bought a new position in shares of Tesla in the 2nd quarter worth $872,000. Finally, Schuylkill Financial LLC bought a new position in Tesla in the second quarter worth about $57,000. 66.20% of the stock is owned by institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is reportedly preparing to enter Vietnam through a newly registered subsidiary authorized to import, distribute and sell vehicles. The move opens a potential growth market in Southeast Asia. Tesla sets up Vietnam unit, registration filing shows
• Positive Sentiment: Tesla has regained approximately 52% of the U.S. EV market through August as Ford, GM and other traditional automakers scale back their electric-vehicle efforts. However, Tesla’s own sales reportedly remain lower year over year, limiting the significance of the share gain. Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat
• Positive Sentiment: CEO Elon Musk says Tesla could ship as many as one million Optimus humanoid robots in 2027. Repeat orders from Tesla for Virtuix’s Omni One Enterprise systems, used in the Optimus program, provide some evidence of ongoing development, although revenue estimates remain highly speculative. Elon Musk Says Optimus Will Ship to Customers in 2027
• Positive Sentiment: Tesla confirmed an October 1 unveiling for its long-delayed next-generation Roadster, potentially featuring SpaceX-related thruster technology. The event could renew attention around Tesla’s product pipeline, but investors may want production timing rather than another prototype demonstration. Tesla Roadster reveal date
• Neutral Sentiment: A software update will allow supervised FSD to intervene and steer when an imminent collision is detected, even if the driver has not enabled full self-driving. The feature could improve safety, but expanded vehicle intervention may also increase regulatory and liability scrutiny. Tesla active safety software update
• Negative Sentiment: Musk endorsed Anthropic CEO Dario Amodei’s call for caution or a slowdown in AI development. Investors viewed the comments as complicating Tesla’s narrative that AI, autonomy and robotics will drive substantial future value. Tesla Stock Drops as Musk Adds to the Chorus of AI Concern
• Negative Sentiment: Reports and commentary raised concerns about Cybercab execution, intensifying competition in China, Tesla’s declining quarterly deliveries and alleged lack of transparency surrounding a fatal Arizona crash involving automated-driving technology. These issues add to regulatory, reputational and commercialization risks. Tesla Cybercab analysis

Tesla Price Performance

Shares of TSLA opened at $358.97 on Tuesday. The firm has a 50-day simple moving average of $352.49 and a two-hundred day simple moving average of $380.90. The stock has a market cap of $1.42 trillion, a PE ratio of 332.38, a P/E/G ratio of 18.45 and a beta of 1.84. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. As a group, analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. HSBC reiterated a "hold" rating on shares of Tesla in a report on Monday, June 15th. BNP Paribas Exane downgraded shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Citigroup reiterated a "market perform" rating on shares of Tesla in a research report on Monday, August 24th. Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $414.68.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Tesla Company Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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