Canvas Wealth Advisors LLC Has $18 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Canvas Wealth Advisors cut its Tesla stake by 4.7% in the second quarter, selling 2,099 shares and retaining 42,792 shares valued at approximately $18 million. Tesla represents about 2.5% of the firm’s portfolio and is its 10th-largest holding.
• Tesla’s analyst consensus remains “Hold”, with a consensus price target of $401.74, despite a mix of Buy, Hold and Sell ratings. CFO Vaibhav Taneja also sold shares worth about $1.05 million to cover tax withholding obligations.
• Tesla reported quarterly revenue of $28.24 billion, exceeding estimates, but earnings per share of $0.33 missed the $0.50 consensus. The stock traded at $332.81, reflecting a valuation above 300 times earnings amid concerns about profitability, execution and demand in China.

Canvas Wealth Advisors LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,792 shares of the electric vehicle producer's stock after selling 2,099 shares during the period. Tesla makes up about 2.5% of Canvas Wealth Advisors LLC's holdings, making the stock its 10th biggest holding. Canvas Wealth Advisors LLC's holdings in Tesla were worth $17,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TSLA. Chapman Financial Group LLC bought a new position in Tesla in the second quarter valued at $26,000. Davidson Capital Management Inc. lifted its stake in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Friedenthal Financial lifted its stake 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. Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the 3rd quarter valued at about $30,000. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLA shares. Barclays raised their price objective on Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. Piper Sandler reduced their price target on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Tesla in a research note on Thursday, July 9th. They set a "market perform" rating on the stock. BNP Paribas Exane lowered shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Finally, Guggenheim began coverage on shares of Tesla in a research note on Monday, June 29th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $401.74.

Insider Buying and Selling at Tesla

In other 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 value of $1,048,133.20. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Trading Up 0.6%

NASDAQ TSLA opened at $332.81 on Wednesday. The firm has a market cap of $1.31 trillion, a PE ratio of 308.16, a price-to-earnings-growth ratio of 16.71 and a beta of 1.83. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The stock has a 50-day moving average of $375.24 and a 200-day moving average of $392.14. 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 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 company had revenue of $28.24 billion for 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%.Tesla's revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly returned to Tesla, while enthusiasm surrounding humanoid robotics and physical-AI stocks supported the broader investment narrative around Tesla’s Optimus and Robotaxi ambitions. Tesla Stock Is on a Roll as Retail Traders Buy In
• Positive Sentiment: Tesla and SpaceX’s planned $16.8 billion Terafab semiconductor project in Texas reinforced expectations that Tesla is building infrastructure for AI, autonomy and robotics. The scale of the investment is substantial, however, relative to Tesla’s roughly $3.8 billion trailing annual profit. Tesla and SpaceX Committed $16.8 Billion to One Chip Plant
• Positive Sentiment: New technology catalysts included built-in SpaceX Starlink connectivity for Cybercab robotaxis and the emergence of an FSD v14.1 Lite version. Tesla’s design chief also said the next-generation Roadster reveal is coming soon. Tesla Built a Starlink Internet Dish Into Its Cybercab Robotaxi
• Positive Sentiment: Energy storage provided an additional growth story: SpaceX reportedly purchased nearly $300 million of Tesla Megapacks for AI data-center infrastructure, highlighting potential demand beyond vehicle sales. Tesla’s Energy Business Just Got a SpaceX Demand Signal
• Neutral Sentiment: Morgan Stanley maintained a Hold rating and a $400 price target, saying Tesla needs measurable Robotaxi scaling, more driverless miles and evidence of attractive unit economics before its premium valuation can be justified. Tesla Physical AI Prospects Balanced by Execution Risks
• Negative Sentiment: Tesla recalled 20,349 U.S. Model 3 and Model Y vehicles because excessively bright low-beam headlights could impair oncoming drivers. Regulators have not finalized a repair plan, adding to existing safety scrutiny. Tesla to Recall Over 20,000 U.S. Vehicles
• Negative Sentiment: China retail sales fell 32% even as the broader battery-EV market grew 6%, signaling competitive and demand pressure in a key market. Robotaxi paid miles also reportedly declined about 36% sequentially in the second quarter. Tesla Retail Sales in China Drop 32%
• Negative Sentiment: The investment case remains highly execution-dependent. Tesla recently missed earnings expectations, operating margins fell to about 1.4%, free cash flow turned negative and capital expenditures are tracking above $25 billion. With a valuation above 300 times earnings, disappointing autonomy or software progress could trigger a sharp re-rating.

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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