Connor Clark & Lunn Investment Management Ltd. Invests $220.24 Million in Tesla, Inc. $TSLA

Key Points

• Connor Clark & Lunn Investment Management acquired 523,630 Tesla shares worth approximately $220.24 million in the second quarter. Institutional investors collectively own 66.2% of Tesla’s outstanding stock.
• Tesla’s autonomous-vehicle strategy advanced with limited Cybercab rides in Austin and European testing of its Full Self-Driving technology, but an NHTSA audit of about 1,000 Cybercabs could delay commercialization.
• Tesla shares opened at $354.08 after a 5.9% decline, while analysts’ consensus rating remained Hold with a $401.74 price target. The company recently missed quarterly EPS estimates despite reporting 25.5% year-over-year revenue growth.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of 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 institutional investor bought 523,630 shares of the electric vehicle producer's stock, valued at approximately $220,239,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Tesla during the fourth quarter valued at about $17,128,100,000. Corient Private Wealth LLC boosted its stake in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after buying an additional 20,810,386 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Tesla during the 2nd quarter valued at approximately $6,083,630,000. Deutsche Bank AG bought a new stake in Tesla in the 2nd quarter worth approximately $4,039,090,000. Finally, Bank of America Corp DE raised its holdings in shares of Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets started coverage on Tesla in a research report on Monday, August 17th. They set an "outperform" rating for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Barclays boosted their target price on shares of Tesla from $360.00 to $370.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $485.00 price target (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $401.74.

Tesla Trading Down 5.9%

Shares of TSLA opened at $354.08 on Friday. The company's fifty day simple moving average is $358.22 and its 200-day simple moving average is $383.10. The company has a market cap of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. 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 released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

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.

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