Asset One Wealth Management LLC Buys Shares of 8,889 Tesla, Inc. $TSLA

Key Points

• Asset One Wealth Management initiated a Tesla position by purchasing 8,889 shares worth approximately $3.5 million in the second quarter. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla reported quarterly revenue of $28.24 billion, exceeding estimates, but earnings per share of $0.33 missed the $0.50 consensus. The stock trades at a very high P/E ratio of about 328, while analysts’ average rating is “Hold” with a consensus price target of $401.74.
• Tesla’s autonomous-driving strategy faces both potential progress and significant risks: limited Cybercab rides began in Austin, but the NHTSA opened an audit of roughly 1,000 vehicles, raising concerns about regulatory approval and rollout delays.

Asset One Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,889 shares of the electric vehicle producer's stock, valued at approximately $3,506,000.

A number of other hedge funds have also recently modified their holdings of TSLA. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $26,000. Friedenthal Financial increased its stake in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in Tesla in the 3rd quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla during the third quarter valued at approximately $31,000. Finally, Harborfront Financial Group LLC purchased a new position in Tesla during the second quarter valued at $34,000. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA stock opened at $354.08 on Friday. The company has a market capitalization of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84. The company's 50-day simple moving average is $358.22 and its two-hundred day simple moving average is $383.10. Tesla, Inc. has a one year low of $297.38 and a one 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 posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business's revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSLA. Wells Fargo & Company reiterated an "underweight" rating and issued a $130.00 price target (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a "buy" rating in a report on Thursday, July 23rd. Oppenheimer restated a "market perform" rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $401.74.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction 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 transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.

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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