Atreides Management LP Grows Position in Tesla, Inc. $TSLA

Key Points

• Atreides Management increased its Tesla position by 1.7% in the second quarter, owning 204,275 shares valued at approximately $85.9 million. Institutional investors collectively own 66.2% of Tesla’s outstanding stock.
• Tesla’s growth narrative is centered on supervised FSD expansion in Europe, paid Cybercab robotaxi trials in Austin, and longer-term AI, Optimus and autonomy opportunities.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but its $0.33 EPS missed the $0.50 consensus estimate. Analysts maintain a consensus “Hold” rating with an average price target of $401.74.

Atreides Management LP lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,275 shares of the electric vehicle producer's stock after purchasing an additional 3,480 shares during the quarter. Tesla comprises 0.6% of Atreides Management LP's investment portfolio, making the stock its 23rd biggest holding. Atreides Management LP's holdings in Tesla were worth $85,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tesla during the 4th quarter valued at $17,128,100,000. Corient Private Wealth LLC lifted its position in Tesla by 3,205.5% during the 4th 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 acquiring an additional 20,810,386 shares during the period. Legal & General Group Plc bought a new stake in Tesla during the second quarter worth about $8,535,612,000. Bank of New York Mellon Corp bought a new stake in Tesla during the second quarter worth about $6,083,630,000. Finally, Deutsche Bank AG purchased a new stake in Tesla in the second quarter worth about $4,039,090,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

Tesla Price Performance

Tesla stock opened at $354.08 on Tuesday. The stock has a market cap of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The stock has a fifty day moving average of $357.06 and a 200 day moving average of $382.45.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its 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 firm 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 for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore upgraded shares of Tesla from a "hold" rating to an "outperform" rating in a report on Friday, June 5th. Oppenheimer restated a "market perform" rating on shares of Tesla in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research report on Monday, July 27th. UBS Group set a $460.00 target price on Tesla in a report on Thursday, July 23rd. Finally, Citizens Jmp initiated coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating on the stock. One 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 given a Sell rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $401.74.

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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