Defender Capital LLC. Buys 4,143 Shares of Tesla, Inc. $TSLA

Key Points

• Defender Capital increased its Tesla stake by 16.1% in the second quarter, adding 4,143 shares to own 29,925 shares valued at approximately $12.6 million. Tesla represents 4.1% of the fund’s portfolio, while institutions collectively own 66.2% of the stock.
• Analyst sentiment is mixed: MarketBeat reports an overall “Hold” rating with a consensus price target of $401.74, despite several “Buy” and “Outperform” recommendations.
• Tesla’s latest quarterly revenue of $28.24 billion exceeded estimates, but adjusted EPS of $0.33 missed the $0.50 consensus. The stock opened at $330.88, below its 50-day and 200-day moving averages.

Defender Capital LLC. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,925 shares of the electric vehicle producer's stock after acquiring an additional 4,143 shares during the quarter. Tesla makes up 4.1% of Defender Capital LLC.'s portfolio, making the stock its 8th biggest holding. Defender Capital LLC.'s holdings in Tesla were worth $12,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in Tesla in the 3rd quarter valued at about $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla during the 4th quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla during the 3rd quarter worth about $31,000. Finally, Friedenthal Financial grew its holdings in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. Royal Bank Of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research note on Tuesday, July 28th. Mizuho set a $450.00 target price on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. TD Cowen reiterated a "buy" rating and issued a $460.00 price target (down from $490.00) on shares of Tesla in a report on Thursday, July 23rd. Zacks Research raised Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally, Citizens Jmp assumed coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating on the stock. One 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $401.74.

Tesla Price Performance

TSLA opened at $330.88 on Tuesday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company's 50 day simple moving average is $377.06 and its 200 day simple moving average is $392.83. The stock has a market capitalization of $1.31 trillion, a PE ratio of 306.37, 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 issued its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate 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 for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly directed about $372 million into Tesla, while a broader technology rally and expectations for long-term AI and autonomy growth have supported demand for the shares. Why Retail Investors Are Flooding Back Into Tesla
• Positive Sentiment: Tesla’s proposed $10.1 billion solar-cell factory in Texas signals a potentially significant expansion of its energy business and could strengthen the company’s longer-term growth narrative beyond vehicle sales. Tesla Files Plans for a $10.1 Billion Solar Factory in Texas
• Positive Sentiment: A six-seat Model Y configuration helped drive Tesla’s strongest July performance in Australia, offering evidence that product variations may expand demand in family-oriented markets. Tesla's New 6-Seat Model Y
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s app, services and charging ecosystem as ways to monetize its installed vehicle base without relying exclusively on new-car sales. Tesla Just Found Another Way to Grow Without Selling a Car

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer directly 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 filing with the SEC, which is available at 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 corporate insiders.

About Tesla

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.

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.

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