Clark Asset Management LLC Sells 1,740 Shares of Tesla, Inc. $TSLA

Key Points

• Clark Asset Management reduced its Tesla stake by 19.7%. The firm sold 1,740 shares during the second quarter and retained 7,085 shares valued at approximately $2.98 million.
• Tesla has a consensus “Hold” rating from analysts, with 21 Buy, 19 Hold and four Sell ratings and an average price target of $401.74.
• Tesla reported quarterly revenue of $28.24 billion, exceeding estimates, but its $0.33 EPS missed consensus by $0.17. The stock remains highly valued, trading at a P/E ratio near 296, amid concerns over profitability, execution and China and autonomy risks.

Clark Asset Management LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,085 shares of the electric vehicle producer's stock after selling 1,740 shares during the quarter. Clark Asset Management LLC's holdings in Tesla were worth $2,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Networth Advisors LLC bought a new position in shares of Tesla in the fourth quarter valued at about $26,000. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the 4th 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 last quarter. Friedenthal Financial increased its position in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. bought a new position in shares of Tesla in the fourth quarter worth about $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. HSBC restated a "hold" rating on shares of Tesla in a research report on Monday, June 15th. Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They set a "market perform" rating on the stock. Finally, BTIG Research lowered Tesla to a "neutral" rating in a research report on Friday, June 5th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and a consensus price target of $401.74.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: $16.8 billion Terafab investment: Tesla and SpaceX formally announced plans to build an advanced AI-chip factory in Texas. Management said approximately 25% of the computing capacity could support Tesla’s Optimus robots, while roughly 75% would serve AI spacecraft and other SpaceX-related needs. The project strengthens Tesla’s long-term robotics and AI narrative, although it also represents substantial capital spending. Reuters Terafab article
• Positive Sentiment: Growing energy-storage demand: SpaceX purchased approximately $295 million of Tesla Megapacks during the second quarter to support AI data centers. Tesla also began producing Megapack 3 batteries at a new Texas facility, providing evidence that its energy business may be expanding faster than its vehicle operations. CNBC Megapack article
• Positive Sentiment: Autonomy and FSD potential: Tesla is pursuing broader European deployment of Full Self-Driving, with approval votes reportedly expected in October or November. Regulatory progress could expand subscription revenue and support the company’s robotaxi valuation case. Barron's self-driving article
• Neutral Sentiment: Robotaxi expectations are being reset: Recent commentary suggests investors had focused heavily on fleet size and city count, while management may be lowering near-term expectations. Bullish investors view the pullback as a buying opportunity, but the reset could keep the stock volatile until Tesla demonstrates commercial scale.
• Negative Sentiment: China risk is increasing: Reports that Tesla could sell or close its China operations have raised concerns because analysts estimate China represents about 25% of Tesla’s value, including future Optimus and robotaxi opportunities. Losing the market could weaken growth prospects and Tesla’s competitive position against BYD. MarketBeat China article
• Negative Sentiment: Valuation and execution concerns remain: Tesla trades at a very high earnings multiple despite weak profitability, a recent quarterly EPS miss and sharply lower operating performance. Analysts and investors are questioning whether heavy AI, robotics and chip-factory spending will produce returns soon enough to justify the valuation.
• Negative Sentiment: Autonomy competition and legal exposure: Uber, Waymo and Amazon’s Zoox are advancing competing driverless-vehicle platforms, while Tesla is defending a self-driving patent dispute before the Supreme Court. These developments could slow Tesla’s path to robotaxi commercialization or increase regulatory and legal costs.

Tesla Stock Performance

TSLA stock opened at $319.53 on Friday. The business's fifty day moving average is $380.90 and its 200-day moving average is $394.22. 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 company has a market cap of $1.26 trillion, a P/E ratio of 295.86, a price-to-earnings-growth ratio of 15.96 and a beta of 1.83. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS 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 firm's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source