Engineers Gate Manager LP Has $520,000 Holdings in Tesla, Inc. $TSLA

Key Points

• Engineers Gate Manager LP cut its Tesla holdings by 67.2% in the second quarter, leaving 1,237 shares valued at approximately $520,000. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, above estimates, but earnings of $0.33 per share missed expectations of $0.50. The company’s revenue increased 25.5% year over year, while its net margin was 3.67%.
• Analysts have a consensus rating of “Hold” and an average price target of $412.25. Tesla’s valuation remains exceptionally high at roughly 352 times earnings, with growth opportunities in AI, autonomy, energy and commercial vehicles balanced by competition and regulatory concerns.

Engineers Gate Manager LP trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 67.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,237 shares of the electric vehicle producer's stock after selling 2,537 shares during the quarter. Engineers Gate Manager LP's holdings in Tesla were worth $520,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSLA. Insight Wealth Partners LLC grew its stake in shares of Tesla by 2.8% in the second quarter. Insight Wealth Partners LLC now owns 2,605 shares of the electric vehicle producer's stock worth $1,096,000 after acquiring an additional 70 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Tesla by 9.5% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 17,256 shares of the electric vehicle producer's stock valued at $7,258,000 after buying an additional 1,503 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Tesla by 4.6% in the second quarter. NewEdge Advisors LLC now owns 409,932 shares of the electric vehicle producer's stock valued at $172,417,000 after buying an additional 18,067 shares during the period. GFG Capital LLC grew its position in Tesla by 20.3% during the second quarter. GFG Capital LLC now owns 3,780 shares of the electric vehicle producer's stock worth $1,590,000 after buying an additional 638 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Tesla during the second quarter valued at about $7,680,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of Tesla stock opened at $380.12 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $348.16 and a 200 day simple moving average of $379.10. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a market cap of $1.50 trillion, a P/E ratio of 351.97, a P/E/G ratio of 19.13 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSLA. Piper Sandler initiated coverage on Tesla in a research note on Monday, September 14th. They issued an "overweight" rating for the company. BMO Capital Markets assumed coverage on Tesla in a report on Monday, August 17th. They set an "outperform" rating on the stock. Jefferies Financial Group set a $400.00 target price on Tesla and gave the stock a "hold" rating in a report on Monday, July 13th. Guggenheim initiated coverage on Tesla in a research report on Monday, June 29th. They set a "neutral" rating for the company. Finally, Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. 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 five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $412.25.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as Tesla plans substantial spending on artificial intelligence, autonomy, and energy infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla was reportedly selected as the primary supplier for a 2,500-truck electric fleet order, providing a potential commercial opportunity for the Semi and supporting the company’s expansion beyond passenger vehicles. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: The October 1 Roadster reveal, new in-car Grok capabilities, a possible Vietnam expansion, and rising Bitcoin prices are adding near-term catalysts and supporting Tesla’s technology and brand narrative. Tesla Roadster Reveal
• Neutral Sentiment: Reports that Nvidia qualified Tesla products for its AI-factory standard and that prominent investors may be buying Tesla for its energy or physical-AI prospects reinforce the long-term bull case, but do not yet establish material revenue or profit.
• Negative Sentiment: A Belgian road-safety group said supervised FSD frequently misread speed limits and attempted prohibited cyclist overtakes. The findings could increase regulatory and reputational pressure on Tesla’s autonomy strategy. Tesla FSD Safety Tests in Belgium
• Negative Sentiment: Tesla still has no automaker takers for FSD licensing, while Cybertruck sales reportedly remain far below Elon Musk’s original expectations. New competition, including Saudi Arabia’s Ceer and China’s robotics companies, adds pressure to future growth.
• Negative Sentiment: At roughly 352 times earnings, Tesla’s valuation leaves little room for execution problems. Lower delivery estimates, ongoing workplace-bias litigation, and skepticism that robotaxis and humanoid robots can generate dependable cash flow could limit further gains.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 insiders.

Tesla Company Profile

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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