E Fund Management Hong Kong Co. Ltd. Has $4.41 Million Position in Tesla, Inc. $TSLA

Key Points

• E Fund Management Hong Kong increased its Tesla stake by 59.1% in the second quarter to 10,492 shares valued at approximately $4.41 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, beating estimates, but earnings per share of $0.33 missed expectations of $0.50. The stock was trading near $362.86, while analysts’ average price target was $401.74 and the consensus rating was “Hold.”
• Tesla’s growth outlook remains centered on robotaxis, autonomous driving and Semi trucks, but investors face risks including a recall of nearly 3 million vehicles in China, questions about autonomy readiness and the company’s exceptionally high valuation.

E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 59.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,492 shares of the electric vehicle producer's stock after purchasing an additional 3,899 shares during the quarter. Tesla comprises 1.5% of E Fund Management Hong Kong Co. Ltd.'s portfolio, making the stock its 18th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Tesla were worth $4,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cape ANN Savings Bank boosted its holdings in shares of Tesla by 2.6% during the 4th quarter. Cape ANN Savings Bank now owns 974 shares of the electric vehicle producer's stock worth $438,000 after buying an additional 25 shares during the period. Marks Group Wealth Management Inc raised its holdings in Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock worth $680,000 after acquiring an additional 25 shares during the period. Clear Trail Advisors LLC raised its holdings in Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after acquiring an additional 25 shares during the period. Peirce Capital Management LLC lifted its position in Tesla by 1.5% during the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock worth $697,000 after acquiring an additional 25 shares during the last quarter. Finally, Brio Consultants LLC boosted its holdings in Tesla by 4.7% during the fourth quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer's stock valued at $259,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 5.1%

Tesla stock opened at $362.86 on Friday. The business has a 50 day moving average price of $365.62 and a two-hundred day moving average price of $387.31. 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. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 335.98, a price-to-earnings-growth ratio of 18.32 and a beta of 1.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm 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%.Tesla's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

Analysts Set New Price Targets

TSLA has been the topic of several research analyst reports. Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. Sanford C. Bernstein raised Tesla from an "underperform" rating to an "outperform" rating in a report on Friday, June 5th. BMO Capital Markets initiated coverage on Tesla in a report on Monday, August 17th. They set an "outperform" rating for the company. Piper Sandler lowered their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $401.74.

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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