Avaii Wealth Management LLC Purchases Shares of 28,528 Tesla, Inc. $TSLA

Key Points

• Avaii Wealth Management purchased 28,528 Tesla shares worth approximately $12 million in the second quarter, making Tesla its eighth-largest holding and representing 3.5% of its portfolio.
• Institutional investors and hedge funds own 66.2% of Tesla, with several major firms—including Norges Bank, Corient Private Wealth, Bank of America and Deutsche Bank—adding or initiating substantial positions.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year but missed EPS expectations ($0.33 versus $0.50). Shares opened at $356.09, while the stock carries a consensus “Hold” rating and a $401.74 target price; CFO Vaibhav Taneja also sold shares to cover tax obligations.

Avaii Wealth Management LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,528 shares of the electric vehicle producer's stock, valued at approximately $11,999,000. Tesla comprises about 3.5% of Avaii Wealth Management LLC's portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Tesla in the fourth 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 worth $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Tesla during the 2nd quarter worth about $6,083,630,000. Deutsche Bank AG acquired a new position in shares of Tesla during the 2nd quarter worth about $4,039,090,000. Finally, Bank of America Corp DE grew its holdings in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

Tesla Stock Down 3.2%

TSLA stock opened at $356.09 on Wednesday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The business's 50 day simple moving average is $359.08 and its 200 day simple moving average is $384.01. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.41 trillion, a PE ratio of 329.72, a PEG ratio of 18.58 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business 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 business earned $0.33 EPS. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s planned Cybercab launch in Austin on September 3 remains the primary bullish catalyst. Texas records show a fleet of 45 purpose-built Cybercabs, alongside 269 Model Ys, suggesting Tesla is moving from concept demonstrations toward an operating robotaxi service. Tesla's Cybercab Fleet Hits 45 Ahead of Austin Launch
• Positive Sentiment: Tesla said its supervised Full Self-Driving system recorded 4.1 times fewer collisions than manually driven Tesla vehicles across five European countries. The data is intended to support broader European approval, which could expand FSD and future autonomous-driving revenue. Tesla touts European supervised self-driving safety data ahead of EU vote
• Positive Sentiment: Freight operator Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and all 500 trucks in its order by 2027. The timetable provides a clearer commercial-use case for Tesla’s heavy-duty EV program. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
• Positive Sentiment: A U.S. policy aimed at securing the power grid may benefit Tesla’s energy-storage business, giving investors another potential growth avenue beyond vehicles and robotics. Tesla stock investors stand to gain from U.S. power grid
• Neutral Sentiment: August European registrations were mixed: France rose 279% and Denmark 104%, while Norway fell 79% and Portugal declined 36.5% despite overall light-EV registrations growing there. The uneven results reinforce uncertainty around Tesla’s demand trajectory. Tesla's European registrations mixed in August
• Neutral Sentiment: Tesla raised U.S. Cybertruck prices by $5,000, potentially supporting revenue per vehicle and margins, but the reversal of earlier price cuts also raises questions about demand elasticity.
• Negative Sentiment: Investors appear to be taking profits and reassessing whether Cybercab can justify Tesla’s roughly $1.4 trillion valuation. The stock’s elevated valuation leaves limited room for disappointment, while analysts continue to cite margin pressure and weak cash-flow trends.
• Negative Sentiment: Waymo is challenging Tesla’s “pure end-to-end” autonomy approach, arguing that a sensor mix is necessary for safety. Competition and regulatory scrutiny could slow Tesla’s robotaxi rollout. Waymo goes on offense ahead of Tesla's Cybercab launch
• Negative Sentiment: An Australian court may grant an independent expert access to Tesla’s internal engineering systems in an Autopilot-related class action, adding legal and disclosure risk. Australian judge floats giving court-appointed expert access to Tesla's engineering systems

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley dropped their target price on Tesla from $417.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Stifel Nicolaus set a $491.00 price target on Tesla and gave the company a "buy" rating in a research note on Monday, August 3rd. Citigroup reaffirmed a "market perform" rating on shares of Tesla in a research report on Monday, August 24th. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, BTIG Research downgraded Tesla to a "neutral" rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $401.74.

Tesla Company 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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