Centurion Wealth Management LLC Trims Stock Position in Tesla, Inc. $TSLA

Centurion Wealth Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 42.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,224 shares of the electric vehicle producer's stock after selling 2,345 shares during the quarter. Centurion Wealth Management LLC's holdings in Tesla were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Networth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $26,000. Davidson Capital Management Inc. grew its holdings 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 acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new position in Tesla in the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in Tesla in the third quarter valued at approximately $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla and SpaceX announced an initial $16.8 billion investment in Terafab, a planned advanced semiconductor facility in Texas. The project could give Tesla greater control over chips needed for Optimus robots, autonomous vehicles and other AI systems, while supporting about 3,000 jobs. Approximately 25% of the compute capacity is expected to support Tesla’s projects, with the remainder targeted toward SpaceX-related AI applications. Reuters Terafab announcement
• Positive Sentiment: Investors continued to focus on Tesla’s potential to dominate the U.S. robotaxi market, citing its large vehicle fleet, data collection and Full Self-Driving software. Upcoming European FSD authorization votes in October and November could expand subscriptions and reinforce the autonomy growth story. Reasons Tesla could monopolize robotaxis
• Positive Sentiment: Tesla’s Supercharger network is expected to become available at EVgo stations, improving charging convenience for Tesla owners and potentially increasing the value of its charging ecosystem. Tesla also received support from reported institutional and retail buying, including an increased Czech National Bank position. Superchargers at EVgo stations
• Neutral Sentiment: SpaceX disclosed roughly $295 million of Tesla Megapack purchases during the second quarter, providing a meaningful related-party demand signal for Tesla’s energy-storage business. However, Terafab is expected to rely on natural-gas power plants rather than Tesla solar systems, limiting the immediate benefit to Tesla’s energy segment. SpaceX Megapack purchases
• Negative Sentiment: Tesla’s latest quarterly EPS missed expectations despite stronger-than-anticipated revenue, and the stock remains well below its 50-day and 200-day moving averages. At a very high valuation, investors may demand faster earnings growth to justify spending on Terafab, robotaxis and Optimus.
• Negative Sentiment: Ford’s planned sub-$30,000 Fathom electric pickup could intensify price competition against the Cybertruck. Separately, an FSD user receiving a speeding ticket highlights continuing safety, liability and regulatory risks, while critics argue Tesla’s camera-based autonomy approach may lag systems using lidar. Ford Fathom EV competition

Insider Activity at Tesla

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

Analysts Set New Price Targets

Several research firms have recently weighed in on TSLA. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a research 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. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the stock a "hold" rating in a research report on Monday, July 13th. Finally, Zacks Research raised shares of Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $401.74.

Tesla Price Performance

Tesla stock opened at $328.58 on Monday. The company's fifty day moving average price is $378.76 and its 200 day moving average price is $393.46. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The stock has a market capitalization of $1.30 trillion, a P/E ratio of 304.24, a P/E/G ratio of 16.59 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business's revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla 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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