Burnham & Co LLC Invests $904,000 in Tesla, Inc. $TSLA

Burnham & Co LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,150 shares of the electric vehicle producer's stock, valued at approximately $904,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $26,000. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% in the first 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. acquired a new position in shares of Tesla during the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new position in Tesla during the third quarter valued at approximately $31,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of Tesla during the 2nd quarter worth approximately $34,000. 66.20% of the stock is currently owned by institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
• Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla's self-driving tech
• Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
• Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
• Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of 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 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.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a report on Monday, July 27th. William Blair reiterated a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. Citigroup reissued a "market perform" rating on shares of Tesla in a research report on Monday, August 24th. Piper Sandler decreased their target price 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. Finally, Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus price target of $401.74.

Tesla Stock Performance

NASDAQ:TSLA opened at $376.36 on Friday. The stock's 50-day moving average is $358.73 and its 200-day moving average is $383.30. The stock has a market cap of $1.49 trillion, a P/E ratio of 348.48, a price-to-earnings-growth ratio of 18.02 and a beta of 1.84. 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.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla 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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