Empowered Funds LLC Purchases 19,163 Shares of Tesla, Inc. $TSLA

Empowered Funds LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,519 shares of the electric vehicle producer's stock after acquiring an additional 19,163 shares during the period. Tesla comprises approximately 0.4% of Empowered Funds LLC's portfolio, making the stock its 29th biggest holding. Empowered Funds LLC's holdings in Tesla were worth $84,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Chapman Financial Group LLC bought a new position in Tesla in the 2nd quarter valued at $26,000. Friedenthal Financial raised its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares during the period. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX purchased a new position in shares of Tesla in the 3rd quarter worth about $31,000. Finally, Harborfront Financial Group LLC bought a new position in Tesla during the second quarter valued at about $34,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, becoming the sixth European country to authorize the technology. The decision could support wider European adoption and future high-margin software revenue. Slovenia clears Tesla FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate for as much as $0.30 less per mile than competing autonomous vehicles if Tesla achieves its targeted $20,000–$30,000 production cost, strengthening the long-term robotaxi business case. Tesla Cybercab cost advantage
• Neutral Sentiment: Tesla has begun limited paid Cybercab rides in Austin, moving its steering-wheel-free robotaxi from concept toward commercial service. However, the small rollout provides little evidence yet regarding pricing, utilization, fleet growth or profitability. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: The National Highway Traffic Safety Administration opened a probe into the certification and safety of nearly 1,000 Cybercabs, focusing on the vehicles’ lack of steering wheels and pedals. The investigation could delay expansion and increase regulatory costs. Cybercab certification regulatory probe
• Negative Sentiment: The Cybercab launch was viewed as muted because Tesla did not provide clear economics, production targets or a nationwide rollout schedule. Investors are also comparing Tesla’s limited Austin operation with Waymo’s much larger autonomous ride network. Tesla stock falls after Cybercab launch and NHTSA probe
• Negative Sentiment: Weak demand remains a concern: Tesla’s Chinese retail sales fell 12.4% in August, while European registrations were mixed. A viral video showing a person repeatedly triggering a Cybercab’s emergency braking also raised additional safety questions. Tesla sales in China

Tesla Stock Performance

Shares of TSLA stock opened at $368.16 on Wednesday. The firm's 50 day moving average is $356.02 and its 200 day moving average is $382.15. The stock has a market capitalization of $1.45 trillion, a P/E ratio of 340.89, a PEG ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts' expectations 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. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TSLA shares. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets initiated coverage on shares of Tesla in a research note on Monday, August 17th. They set an "outperform" rating for the company. Citizens Jmp assumed coverage on shares of Tesla in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Friday, September 4th. Finally, HSBC reissued a "hold" rating on shares of Tesla in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $401.74.

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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