EFG International AG Purchases Shares of 59,375 Tesla, Inc. $TSLA

EFG International AG purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 59,375 shares of the electric vehicle producer's stock, valued at approximately $24,972,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new position in Tesla in the 2nd quarter worth approximately $26,000. Friedenthal Financial increased its stake in Tesla by 66.7% in the 1st 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. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the third quarter worth $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the 3rd quarter worth approximately $31,000. Finally, Harborfront Financial Group LLC bought a new position in shares of Tesla during the 2nd quarter valued at approximately $34,000. Institutional investors own 66.20% of the company's stock.

Tesla News Summary

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

Tesla Stock Performance

NASDAQ TSLA opened at $354.08 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.40 trillion, a price-to-earnings ratio of 327.85, a PEG ratio of 17.88 and a beta of 1.84. The firm has a 50 day simple moving average of $358.22 and a 200-day simple moving average of $382.85. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.82% and a net margin of 3.67%.The company 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 company posted $0.33 EPS. The firm's revenue was up 25.5% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of a number of recent research reports. Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating for the company. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Friday. Cantor Fitzgerald restated an "overweight" rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price target on Tesla and gave the company a "hold" rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. One 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 target price of $401.74.

Tesla 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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