Cannon Wealth Management Services LLC Makes New $1.51 Million Investment in Tesla, Inc. $TSLA

Key Points

• Cannon Wealth Management Services LLC acquired 3,592 Tesla shares worth approximately $1.51 million in the second quarter, making Tesla its 23rd-largest holding and representing 0.8% of its portfolio. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s outlook remains mixed: Cybercab, energy storage and Semi truck expansion offer potential growth, while slowing vehicle-sales momentum, autonomy scrutiny and the discontinuation of Solar Roof orders pose risks.
• Analysts maintain a consensus “Hold” rating with a $401.74 target price. Tesla recently missed quarterly EPS estimates despite revenue rising 25.5% year over year, and its shares trade at a valuation exceeding 330 times earnings.

Cannon Wealth Management Services LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,592 shares of the electric vehicle producer's stock, valued at approximately $1,511,000. Tesla comprises approximately 0.8% of Cannon Wealth Management Services LLC's holdings, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MJP Associates Inc. ADV acquired a new position in shares of Tesla in the second quarter worth about $3,133,000. PCM Encore LLC acquired a new stake in Tesla during the 2nd quarter valued at approximately $6,314,000. Altman Advisors Inc. purchased a new stake in Tesla during the 2nd quarter worth approximately $1,507,000. Clay Northam Wealth Management LLC acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $5,224,000. Finally, Vise Technologies Inc. purchased a new position in shares of Tesla during the 2nd quarter valued at approximately $46,819,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab and robotaxi optimism: Tesla has registered 45 purpose-built Cybercabs in Texas, adding credibility to its planned autonomous ride-hailing rollout. Investors are looking for evidence that the vehicle can scale commercially and generate high-margin software or mobility revenue. Tesla's Cybercab Fleet Hits 45 Ahead of Austin Launch
• Positive Sentiment: Potential energy-business tailwind: New U.S. power-grid policy restricting certain Chinese equipment could benefit Tesla’s energy-storage operations, providing an additional growth avenue beyond vehicles. Tesla stock investors stand to gain from U.S. power grid
• Positive Sentiment: Commercial vehicle opportunity: Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and 500 by 2027, giving investors a clearer timeline for a potentially meaningful commercial-vehicle business. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
• Neutral Sentiment: Event expectations are elevated: Morgan Stanley maintained a Hold rating and a $400 price target, warning that a limited initial Cybercab fleet could trigger a selloff. The event must demonstrate more than a prototype—particularly safety, regulatory progress, production capacity and a credible launch schedule. Tesla Cybercab Momentum Balanced by Execution Risks
• Negative Sentiment: Sales momentum is uneven: China-made EV sales rose only 3.6% year over year in August, sharply slower than July. European registrations were mixed, with major declines in markets including Norway, Sweden, Spain and Portugal despite strong gains in France and Denmark. Tesla's China-made EV sales extend growth streak, but momentum fades
• Negative Sentiment: Autonomy and valuation concerns remain: A reported fatal Illinois crash has renewed scrutiny of Tesla’s FSD technology, while Waymo and Zoox are expanding robotaxi services. Analysts and commentators also question whether Tesla’s roughly $1.4 trillion valuation is justified given pressured margins, slowing growth and a PE ratio above 300. Tesla's FSD Faces Fresh Scrutiny After Fatal Illinois Crash
• Negative Sentiment: Solar retrenchment: Tesla stopped taking Solar Roof orders and has not reported solar deployment figures since late 2023, reinforcing concerns that some non-automotive initiatives are being deprioritized. Tesla Stopped Reporting Solar Numbers 10 Quarters Ago

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Sanford C. Bernstein raised shares of Tesla from an "underperform" rating to an "outperform" rating in a report on Friday, June 5th. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $401.74.

Tesla Trading Up 0.3%

NASDAQ:TSLA opened at $357.01 on Thursday. The firm has a market capitalization of $1.41 trillion, a P/E ratio of 330.57, a P/E/G ratio of 17.98 and a beta of 1.84. The business has a 50 day simple moving average of $358.71 and a 200 day simple moving average of $383.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business's quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

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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