Baird Financial Group Inc. Purchases 5,678 Shares of Tesla, Inc. $TSLA

Key Points

• Baird Financial Group increased its Tesla stake by 1.8% in the second quarter, acquiring 5,678 additional shares and bringing its holdings to 322,476 shares valued at approximately $135.6 million.
• Institutional investors own 66.2% of Tesla, with several major firms—including Norges Bank, Corient Private Wealth, Legal & General, and Bank of New York Mellon—building or initiating substantial positions.
• Analysts maintain a mixed outlook, resulting in a consensus “Hold” rating and a $412.25 target price. Tesla’s latest quarter showed revenue growth of 25.5% year over year to $28.24 billion, but earnings per share of $0.33 missed the $0.50 consensus estimate.

Baird Financial Group Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 322,476 shares of the electric vehicle producer's stock after acquiring an additional 5,678 shares during the quarter. Baird Financial Group Inc.'s holdings in Tesla were worth $135,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Norges Bank purchased a new position in shares of Tesla in the fourth quarter worth about $17,128,100,000. Corient Private Wealth LLC lifted its stake in shares of 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 buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc bought a new position in Tesla in the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla in the 2nd quarter valued at approximately $6,083,630,000. Finally, Deutsche Bank AG bought a new stake in Tesla during the 2nd quarter valued at $4,039,090,000. 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: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. Barclays increased their price objective on Tesla from $360.00 to $370.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a report on Tuesday, July 21st. Finally, Stifel Nicolaus set a $491.00 price target on Tesla and gave the company a "buy" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $412.25.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Tesla Price Performance

TSLA stock opened at $358.08 on Thursday. The firm has a 50 day simple moving average of $350.84 and a two-hundred day simple moving average of $380.12. The stock has a market cap of $1.41 trillion, a PE ratio of 331.56, a P/E/G ratio of 18.66 and a beta of 1.84. 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 data 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). 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 analysts' expectations of $26.42 billion. During the same quarter last year, the business posted $0.33 EPS. The business's quarterly revenue was up 25.5% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 0.85 EPS for the current fiscal year.

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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