Benjamin Edwards Inc. Has $15.61 Million Position in Tesla, Inc. $TSLA

Key Points

• Benjamin Edwards Inc. increased its Tesla stake by 6.9% in the second quarter, owning 37,105 shares valued at approximately $15.61 million. Institutional investors collectively hold 66.2% of Tesla’s outstanding stock.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding tied to vested equity awards, reducing his ownership by 9.12%; insiders still own 19.9% of the company.
• Tesla’s latest quarterly results beat revenue expectations but missed on earnings, while analysts maintain a consensus “Hold” rating with an average price target of $401.74. Investors also face uncertainty around autonomous-driving regulation, China’s pricing pressure and the profitability of the Cybercab rollout.

Benjamin Edwards Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,105 shares of the electric vehicle producer's stock after buying an additional 2,403 shares during the quarter. Benjamin Edwards Inc.'s holdings in Tesla were worth $15,607,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSLA. State Street Corp lifted its position in shares of Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock valued at $29,426,070,000 after purchasing an additional 375,946 shares in the last quarter. Norges Bank bought a new stake in Tesla during the fourth quarter worth about $17,128,100,000. Amundi increased its holdings in shares of Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Tesla by 3,205.5% in the fourth 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 during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Stock Down 1.2%

Shares of Tesla stock opened at $363.56 on Friday. The firm has a market cap of $1.44 trillion, a PE ratio of 336.63, a P/E/G ratio of 18.57 and a beta of 1.84. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The business's 50 day simple moving average is $354.27 and its 200 day simple moving average is $381.50. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab rollout offers a potential new growth catalyst. The company has added 45 vehicles to its Austin fleet, and CEO Elon Musk says its redesigned manufacturing process could produce Cybercabs more than five times faster. Successful scaling could improve robotaxi economics and support Tesla’s AI ambitions. 45 Tesla Cybercabs are now roaming Austin
• Positive Sentiment: Slovenia’s approval of Tesla’s supervised Full Self-Driving system could support broader European authorization, potentially expanding software revenue and paving the way for a future Cybercab launch in Europe. Tesla FSD approval in Slovenia
• Neutral Sentiment: Analysts remain divided on whether Tesla can compete with Waymo and other autonomous-driving providers. Early Cybercab fares have varied substantially versus Uber, leaving the business model, safety performance and profitability unproven. Goldman Sachs maintained a Neutral rating with a $360 price target. Tesla Cybercab growth-driver analysis
• Neutral Sentiment: Tesla CFO Vaibhav Taneja sold 2,606 shares to cover tax withholding from vested equity awards. Because the transaction was tax-related, it is less concerning than a discretionary sale, though it may add modest sentiment pressure. Tesla CFO share sale
• Negative Sentiment: A House Democrat urged federal regulators to act after reports identified 43 videos apparently showing drivers asleep or disengaged while using Autopilot or Full Self-Driving. Additional scrutiny could delay deployments and increase Tesla’s legal and regulatory risks. Federal action urged over sleeping Tesla drivers
• Negative Sentiment: China remains a significant weakness. Tesla is offering discounts as domestic demand softens, which may support deliveries but further pressure already-thin automotive margins. Growing exports from Chinese manufacturers also threaten Tesla’s global pricing power. Tesla China discounts and margins
• Negative Sentiment: Questions surrounding Cybercab safety, self-certification and operating reliability—including criticism from Austin firefighters—are undermining confidence in Tesla’s aggressive robotaxi timeline. With the stock trading at a very high earnings multiple, setbacks to autonomy could trigger further downside.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reiterated a "market perform" rating on shares of Tesla in a research report on Monday, August 24th. BNP Paribas Exane downgraded Tesla from a "hold" rating to an "underperform" rating in a research report on Friday, June 5th. Roth Capital restated a "buy" rating and issued a $505.00 price objective on shares of Tesla in a report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a "hold" rating in a report on Monday, July 13th. Finally, Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average target price of $401.74.

Tesla Profile

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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