Centaurus Financial Inc. Raises Position in Tesla, Inc. $TSLA

Centaurus Financial Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,681 shares of the electric vehicle producer's stock after buying an additional 3,202 shares during the period. Tesla comprises about 1.1% of Centaurus Financial Inc.'s holdings, making the stock its 19th largest position. Centaurus Financial Inc.'s holdings in Tesla were worth $28,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in Tesla during the 2nd quarter worth $26,000. Friedenthal Financial lifted its position in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla during the third quarter worth about $31,000. Finally, Harborfront Financial Group LLC bought a new stake in Tesla in the 2nd quarter worth about $34,000. Institutional investors own 66.20% of the company's stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, becoming the sixth European country to authorize the technology. The decision could support wider European adoption and future high-margin software revenue. Slovenia clears Tesla FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate for as much as $0.30 less per mile than competing autonomous vehicles if Tesla achieves its targeted $20,000–$30,000 production cost, strengthening the long-term robotaxi business case. Tesla Cybercab cost advantage
• Neutral Sentiment: Tesla has begun limited paid Cybercab rides in Austin, moving its steering-wheel-free robotaxi from concept toward commercial service. However, the small rollout provides little evidence yet regarding pricing, utilization, fleet growth or profitability. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: The National Highway Traffic Safety Administration opened a probe into the certification and safety of nearly 1,000 Cybercabs, focusing on the vehicles’ lack of steering wheels and pedals. The investigation could delay expansion and increase regulatory costs. Cybercab certification regulatory probe
• Negative Sentiment: The Cybercab launch was viewed as muted because Tesla did not provide clear economics, production targets or a nationwide rollout schedule. Investors are also comparing Tesla’s limited Austin operation with Waymo’s much larger autonomous ride network. Tesla stock falls after Cybercab launch and NHTSA probe
• Negative Sentiment: Weak demand remains a concern: Tesla’s Chinese retail sales fell 12.4% in August, while European registrations were mixed. A viral video showing a person repeatedly triggering a Cybercab’s emergency braking also raised additional safety questions. Tesla sales in China

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent analyst reports. HSBC reissued a "hold" rating on shares of Tesla in a research report on Monday, June 15th. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the company a "buy" rating in a research report on Thursday, July 23rd. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $485.00 price objective (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $401.74.

Tesla Trading Up 4.0%

Shares of TSLA stock opened at $368.16 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.45 trillion, a P/E ratio of 340.89, a PEG ratio of 17.88 and a beta of 1.84. The company has a 50 day moving average of $356.02 and a 200-day moving average of $382.15. 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 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the company posted $0.33 EPS. Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla Company 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.

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