Arnold Financial Planning LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,159 shares of the electric vehicle producer's stock, valued at approximately $2,590,000. Tesla makes up 1.9% of Arnold Financial Planning LLC's portfolio, making the stock its 6th biggest holding.
Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in Tesla by 2.6% in 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 acquiring an additional 6,538,720 shares in the last quarter. State Street Corp lifted its holdings in shares of Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock valued at $29,426,070,000 after buying an additional 375,946 shares during the last quarter. Norges Bank bought a new stake in Tesla in the 4th quarter worth about $17,128,100,000. Finally, Amundi increased its holdings in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Institutional investors own 66.20% of the company's stock.
Analysts Set New Price Targets
TSLA has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. TD Cowen reiterated a "buy" rating and issued a $460.00 price target (down from $490.00) on shares of Tesla in a research note on Thursday, July 23rd. China Renaissance lowered their price objective on shares of Tesla from $382.00 to $372.00 and set a "hold" rating on the stock in a research report on Monday, April 27th. Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. Finally, Mizuho set a $450.00 price target on Tesla and gave the company an "outperform" rating in a report on Thursday, July 23rd. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $401.74.
Read Our Latest Research Report on Tesla
Insider Activity
In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was 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 in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Swedish strike ends: IF Metall said all conflict measures against Tesla’s Swedish operations will cease on August 19 after Tesla buyouts. The agreement removes a nearly three-year labor disruption and may improve vehicle deliveries, service and parts operations in the region. TSLA Stock Rises As Swedish Union Ends Nearly 3-Year Strike After Tesla Buyouts
- Positive Sentiment: Large solar investment under consideration: Tesla is seeking approval for a proposed $10.1 billion solar-panel factory in Texas. The project could broaden Tesla’s energy business and support Elon Musk’s goal of significantly increasing U.S. solar manufacturing, though it also represents substantial capital and execution risk. Tesla $10 Billion Solar Bet Could Change Its Energy Game
- Positive Sentiment: Signs of demand and regional growth: Tesla’s online configurator shows extended delivery estimates for base Model 3, Model Y and Cybertruck orders, while the company is expanding its Japanese delivery network amid stronger demand. These indicators could support near-term deliveries if production and logistics keep pace. Tesla Cars Facing More Demand Than Stock
- Neutral Sentiment: Analyst targets remain above the market price: Consensus price targets have risen despite more Hold ratings than Buy ratings. The disconnect reflects optimism about autonomy, robotics and energy rather than strong current profitability.
- Neutral Sentiment: Portfolio activity: Gamco Investors added 6,650 Tesla shares, offering a modest institutional vote of confidence. Conversely, investor Michael Burry reportedly reduced overall exposure and positioned for a broader market decline, underscoring divided sentiment. Gamco Investors boosts Tesla stake
- Negative Sentiment: Valuation remains a major overhang: Critics argue Tesla is priced for exceptional growth despite thin auto margins, negative free cash flow concerns and a very high earnings multiple. The latest quarter also included an EPS miss, increasing pressure on future products to justify the premium.
- Negative Sentiment: Autonomy execution is under scrutiny: Investors remain concerned about delays or slower progress in unsupervised Full Self-Driving and Robotaxi plans. Because much of Tesla’s valuation depends on these businesses, further setbacks could weigh heavily on the stock.
- Negative Sentiment: Governance and reputation risk: Reports that Elon Musk received compensation vastly exceeding average employee pay may fuel shareholder concerns about governance, dilution and management priorities.
Tesla Stock Up 3.8%
Shares of TSLA stock opened at $339.96 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market cap of $1.34 trillion, a P/E ratio of 314.78, a P/E/G ratio of 16.54 and a beta of 1.83. The company has a 50 day simple moving average of $371.75 and a two-hundred day simple moving average of $390.51.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The company's revenue was up 25.5% compared to the same quarter last year. On average, research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current 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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