Compass Financial Management LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,919 shares of the electric vehicle producer's stock, valued at approximately $2,091,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla in the third quarter worth $31,000. Friedenthal Financial boosted its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Chapman Financial Group LLC acquired a new position in shares of Tesla during the 2nd quarter worth $26,000. Finally, Harborfront Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Tesla Stock Down 5.9%
Shares of NASDAQ:TSLA opened at $354.08 on Friday. 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 capitalization of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 19.00 and a beta of 1.84. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The stock's fifty day simple moving average is $358.22 and its 200-day simple moving average is $383.10.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share 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 analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 currently owned by corporate insiders.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
- Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
- Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
- Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
- Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update
Wall Street Analyst Weigh In
Several brokerages have weighed in on TSLA. William Blair restated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. TD Cowen restated a "buy" rating on shares of Tesla in a report on Friday, August 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday, July 28th. Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. Finally, Evercore upgraded Tesla from a "hold" rating to an "outperform" rating in a research report on Friday, June 5th. 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $401.74.
Read Our Latest Report on TSLA
Tesla Company Profile
(
Free Report)
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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