Canada Pension Plan Investment Board bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,476,246 shares of the electric vehicle producer's stock, valued at approximately $3,144,509,000. Tesla makes up approximately 1.7% of Canada Pension Plan Investment Board's portfolio, making the stock its 9th biggest position. Canada Pension Plan Investment Board owned approximately 0.19% of Tesla as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Castleark Management LLC bought a new stake in shares of Tesla during the 2nd quarter valued at $20,218,000. Osterweis Capital Management Inc. bought a new position in Tesla in the 2nd quarter valued at approximately $435,000. Nicholas Investment Partners LP purchased a new stake in shares of Tesla during the second quarter valued at $6,576,000. Kinloch Capital LLC purchased a new position in Tesla in the 2nd quarter worth about $677,000. Finally, White Knight Strategic Wealth Advisors LLC bought a new position in Tesla during the second quarter valued at approximately $7,572,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
- Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
- Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
- Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
- Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update
Analyst Upgrades and Downgrades
TSLA has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on Tesla in a research report on Friday, June 5th. They set a "buy" rating for the company. Roth Capital reaffirmed a "buy" rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Piper Sandler lowered their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a research report on Monday, July 27th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $401.74.
View Our Latest Stock Analysis on TSLA
Tesla Price Performance
NASDAQ:TSLA opened at $354.08 on Monday. The business's 50-day moving average is $358.22 and its 200 day moving average is $382.85. Tesla, Inc. has a 12 month low of $297.38 and a 12 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. The company has a market capitalization of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
About Tesla
(
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.
See Also
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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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