Core Capital Management & Research inc. Takes $1.21 Million Position in Tesla, Inc. $TSLA

Key Points

• Core Capital Management & Research acquired 2,868 Tesla shares worth approximately $1.21 million during the second quarter. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla’s latest quarterly results missed earnings expectations, reporting $0.33 per share versus the $0.50 consensus estimate, although revenue rose 25.5% year over year to $28.24 billion.
• Analyst sentiment remains mixed, with Tesla holding a consensus “Hold” rating and an average price target of $412.25; shares recently opened at $366.20, while CFO Vaibhav Taneja sold shares to cover tax obligations.

Core Capital Management & Research inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,868 shares of the electric vehicle producer's stock, valued at approximately $1,206,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. Bamco Inc. NY increased its position in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the period. Wealthquest Corp acquired a new stake in shares of Tesla in the fourth quarter valued at $1,035,000. Private Capital Advisors Inc. boosted its stake in Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock valued at $9,593,000 after buying an additional 12,417 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Tesla by 34.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock valued at $28,998,000 after buying an additional 16,652 shares in the last quarter. Finally, Triglav Investments D.O.O. grew its holdings in Tesla by 7.1% during the fourth quarter. Triglav Investments D.O.O. now owns 82,938 shares of the electric vehicle producer's stock worth $37,299,000 after acquiring an additional 5,518 shares during the period. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% 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. Corporate insiders own 19.90% of the company's stock.

Tesla Price Performance

TSLA opened at $366.20 on Friday. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 339.08, a PEG ratio of 18.08 and a beta of 1.84. The stock has a fifty day moving average of $350.04 and a 200-day moving average of $379.87. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. 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 issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The business's quarterly revenue was up 25.5% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $360.00 price target on shares of Tesla in a report on Wednesday. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research report on Thursday, July 23rd. Guggenheim began coverage on Tesla in a research note on Monday, June 29th. They set a "neutral" rating for the company. BNP Paribas Exane cut Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Finally, Morgan Stanley reaffirmed a "reduce" rating on shares of Tesla in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $412.25.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla will operate public Megacharger sites at three Forum Mobility electric-truck depots in California, adding 30 megawatts of charging capacity. More than 330 Tesla Semis are reportedly committed at one site, providing potential support for Tesla’s commercial-vehicle and charging businesses. Tesla taps Forum Mobility for California electric-truck charging stations
• Positive Sentiment: Investors continue to focus on the potential expansion of Tesla’s robotaxi network, artificial-intelligence platform, and humanoid-robot efforts. Reports pointing to record deliveries and robotaxi availability in seven cities helped reinforce the long-term growth narrative, despite Tesla’s current execution challenges. Tesla Stock Has a Potential Catalyst Wall Street Can’t Ignore
• Positive Sentiment: The upcoming October 1 Roadster reveal is another near-term catalyst, with Elon Musk promising a highly differentiated vehicle. Tesla has also established a small formal foothold in Vietnam, potentially opening access to a growing EV market. Elon Musk Says Excitement Is Guaranteed at Tesla Roadster Reveal
• Neutral Sentiment: Tesla generated negative $1.1 billion in free cash flow last quarter as Musk increased spending on robotaxis and Optimus. The $43.5 billion cash balance provides a substantial cushion, but investors will want evidence that these investments can eventually produce returns. Tesla Posted Negative $1.1 Billion in Free Cash Flow Last Quarter
• Negative Sentiment: Goldman Sachs cut its third-quarter delivery forecast to 435,000 vehicles, citing weaker demand across China, the United States, and Europe. Tesla is also cutting prices in China, highlighting competitive pressure and possible margin risk.
• Negative Sentiment: NHTSA is demanding sworn answers to 21 questions by September 30 about the Cybercab’s safety certification, including its lack of steering wheel and pedals. Regulators could require controls to be added, creating delay and cost risks while rivals such as Waymo expand their robotaxi operations. How Serious Is the Regulatory Threat Now Facing Tesla’s Cybercab?
• Negative Sentiment: BYD’s record sales, Tesla’s slower robotaxi progress, and its elevated valuation leave little room for disappointment. Analysts warn that a busy product calendar may not satisfy investors unless it translates into stronger deliveries, profitability, and dependable autonomy revenue.

About Tesla

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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