Assenagon Asset Management S.A. Sells 658,888 Shares of Tesla, Inc. $TSLA

Assenagon Asset Management S.A. trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,278,968 shares of the electric vehicle producer's stock after selling 658,888 shares during the quarter. Tesla comprises 1.7% of Assenagon Asset Management S.A.'s portfolio, making the stock its 11th biggest holding. Assenagon Asset Management S.A. owned 0.09% of Tesla worth $1,379,134,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Networth Advisors LLC acquired a new stake in Tesla in the 4th quarter worth approximately $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. bought a new position in shares of Tesla in the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla in the third quarter worth $31,000. 66.20% of the stock is currently owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: $16.8 billion Terafab investment: Tesla and SpaceX formally announced plans to build an advanced AI-chip factory in Texas. Management said approximately 25% of the computing capacity could support Tesla’s Optimus robots, while roughly 75% would serve AI spacecraft and other SpaceX-related needs. The project strengthens Tesla’s long-term robotics and AI narrative, although it also represents substantial capital spending. Reuters Terafab article
• Positive Sentiment: Growing energy-storage demand: SpaceX purchased approximately $295 million of Tesla Megapacks during the second quarter to support AI data centers. Tesla also began producing Megapack 3 batteries at a new Texas facility, providing evidence that its energy business may be expanding faster than its vehicle operations. CNBC Megapack article
• Positive Sentiment: Autonomy and FSD potential: Tesla is pursuing broader European deployment of Full Self-Driving, with approval votes reportedly expected in October or November. Regulatory progress could expand subscription revenue and support the company’s robotaxi valuation case. Barron's self-driving article
• Neutral Sentiment: Robotaxi expectations are being reset: Recent commentary suggests investors had focused heavily on fleet size and city count, while management may be lowering near-term expectations. Bullish investors view the pullback as a buying opportunity, but the reset could keep the stock volatile until Tesla demonstrates commercial scale.
• Negative Sentiment: China risk is increasing: Reports that Tesla could sell or close its China operations have raised concerns because analysts estimate China represents about 25% of Tesla’s value, including future Optimus and robotaxi opportunities. Losing the market could weaken growth prospects and Tesla’s competitive position against BYD. MarketBeat China article
• Negative Sentiment: Valuation and execution concerns remain: Tesla trades at a very high earnings multiple despite weak profitability, a recent quarterly EPS miss and sharply lower operating performance. Analysts and investors are questioning whether heavy AI, robotics and chip-factory spending will produce returns soon enough to justify the valuation.
• Negative Sentiment: Autonomy competition and legal exposure: Uber, Waymo and Amazon’s Zoox are advancing competing driverless-vehicle platforms, while Tesla is defending a self-driving patent dispute before the Supreme Court. These developments could slow Tesla’s path to robotaxi commercialization or increase regulatory and legal costs.

Tesla Price Performance

Shares of Tesla stock opened at $319.53 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a market cap of $1.26 trillion, a PE ratio of 295.86, a price-to-earnings-growth ratio of 15.96 and a beta of 1.83. The firm has a fifty day moving average price of $380.90 and a two-hundred day moving average price of $394.22. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the company posted $0.33 EPS. The firm's quarterly revenue was up 25.5% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the stock a "hold" rating in a report on Monday, July 13th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Thursday, July 23rd. China Renaissance decreased their price target on shares of Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a report on Monday, April 27th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $130.00 price target (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. Finally, Phillip Securities dropped their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research note on Wednesday, May 13th. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average target price of $401.74.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Tesla 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.

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