BTC Capital Management Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 30.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,195 shares of the electric vehicle producer's stock after acquiring an additional 8,790 shares during the quarter. Tesla makes up about 0.9% of BTC Capital Management Inc.'s investment portfolio, making the stock its 24th largest position. BTC Capital Management Inc.'s holdings in Tesla were worth $15,645,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in TSLA. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. lifted its position in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Tesla in the 3rd quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Roth Capital reaffirmed a "buy" rating and set a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Barclays upped their target price on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. Tigress Financial began coverage on Tesla in a research note on Monday, April 27th. They issued a "buy" rating on the stock. Finally, BTIG Research lowered Tesla to a "neutral" rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $401.74.
Get Our Latest Research Report on Tesla
Insider Activity
In related 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 completion of the sale, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction 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. Corporate insiders own 19.90% of the company's stock.
Tesla Stock Performance
TSLA stock opened at $342.27 on Monday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. 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 cap of $1.35 trillion, a PE ratio of 316.92, a P/E/G ratio of 17.28 and a beta of 1.83. The business's 50-day moving average price is $370.77 and its two-hundred day moving average price is $389.86.
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). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster
- Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike
- Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating
- Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans
- Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again
- Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns.
- Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report
Tesla Profile
(
Free Report)
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.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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