Capital Advisors Inc. OK Sells 3,316 Shares of Tesla, Inc. $TSLA

Capital Advisors Inc. OK reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,377 shares of the electric vehicle producer's stock after selling 3,316 shares during the period. Capital Advisors Inc. OK's holdings in Tesla were worth $52,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthquest Corp bought a new position in Tesla during the 4th quarter worth about $1,035,000. Private Capital Advisors Inc. increased its position in Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock valued at $9,593,000 after purchasing an additional 12,417 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Tesla by 34.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock valued at $28,998,000 after purchasing an additional 16,652 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its position in shares of Tesla by 26.6% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 70,955 shares of the electric vehicle producer's stock worth $31,910,000 after purchasing an additional 14,900 shares during the period. Finally, Cascade Financial Partners LLC increased its holdings in Tesla by 866.8% during the fourth quarter. Cascade Financial Partners LLC now owns 207,999 shares of the electric vehicle producer's stock valued at $93,541,000 after buying an additional 186,485 shares during the period. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSLA. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $485.00 price objective (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Roth Capital reiterated a "buy" rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. BNP Paribas Exane cut shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Finally, Phillip Securities reduced their price objective on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $401.74.

Tesla Price Performance

Shares of TSLA stock opened at $367.81 on Thursday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 340.57, a PEG ratio of 18.59 and a beta of 1.84. The stock's 50-day simple moving average is $354.87 and its 200-day simple moving average is $381.84.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $28.24 billion during 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%. The business'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 business earned $0.33 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab rollout remains the primary bullish catalyst. The company has added 45 vehicles to its Austin fleet, while CEO Elon Musk says the redesigned manufacturing process could produce Cybercabs more than five times faster. Lower operating costs could help Tesla compete with Waymo and Uber if the technology scales. 45 Tesla Cybercabs Are Now Roaming Austin
• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, making it the sixth European country to do so. Investors view the approval as a possible step toward an EU-wide authorization and additional software subscription revenue. A potential European launch of Cybercab is also supporting the long-term growth narrative. Slovenia clears Tesla’s FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate at a cost advantage of as much as $0.30 per mile versus rival autonomous vehicles if Tesla reaches its targeted production costs, strengthening the potential economics of a large robotaxi network. Tesla Cybercab Could Beat Waymo on Cost
• Neutral Sentiment: Analysts continue to debate whether Tesla can become a successful robotaxi platform or whether Waymo’s operational experience and sensor-heavy approach give it an advantage. The Cybercab’s early fares have varied widely versus Uber, highlighting that the commercial model is not yet proven. Tesla versus Alphabet’s Waymo
• Negative Sentiment: Tesla’s China sales continue to weaken. August domestic sales declined, and the company is offering cash incentives through September 30, suggesting persistent competitive and demand pressure in the world’s largest EV market. Strong exports provide some offset but do not resolve the underlying weakness. Tesla Sales in China Continue Negative Streak
• Negative Sentiment: Regulatory scrutiny remains a major risk. The National Highway Traffic Safety Administration is examining certification and technical data related to nearly 1,000 driverless Cybercabs, raising questions about Tesla’s ability to expand the service quickly and safely. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: Some investors remain bearish because Tesla’s valuation is demanding relative to its modest profitability and slowing core auto business. With a very high earnings multiple, the stock is particularly dependent on successful execution of FSD, robotaxis and other future businesses.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

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.