Caisse de depot et placement du Quebec Makes New Investment in Tesla, Inc. $TSLA

Caisse de depot et placement du Quebec purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 1,246,039 shares of the electric vehicle producer's stock, valued at approximately $524,084,000. Tesla comprises about 0.7% of Caisse de depot et placement du Quebec's portfolio, making the stock its 29th largest position.

Several other hedge funds have also made changes to their positions in the business. Turning Point Benefit Group Inc. purchased a new stake in Tesla in the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla in the third quarter valued at approximately $31,000. Friedenthal Financial increased its position in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter worth approximately $26,000. Finally, Harborfront Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA stock opened at $354.08 on Tuesday. The firm has a fifty day simple moving average of $357.06 and a 200-day simple moving average of $382.45. The company has a market capitalization of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month 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 issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during 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 business's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

Analyst Ratings Changes

A number of brokerages recently weighed in on TSLA. Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a report on Friday, June 5th. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. TD Cowen reiterated a "buy" rating on shares of Tesla in a report on Friday, August 14th. The Goldman Sachs Group assumed coverage on shares of Tesla in a research report on Friday, June 5th. They set a "buy" rating for the company. Finally, Piper Sandler cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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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