Envestnet Portfolio Solutions Inc. Raises Position in Tesla, Inc. $TSLA

Key Points

• Envestnet Portfolio Solutions increased its Tesla position by 7.1% in the second quarter, bringing its holdings to 99,244 shares worth approximately $41.7 million. Institutional investors collectively own 66.2% of Tesla’s outstanding stock.
• Tesla’s latest quarterly results showed revenue growth of 25.5% year over year to $28.24 billion, but adjusted EPS of $0.33 missed the $0.50 analyst consensus. The stock trades at a very elevated valuation, with a price-to-earnings ratio near 352.
• Analyst sentiment remains mixed, with MarketBeat reporting a consensus “Hold” rating and a $412.25 price target. Tesla’s growth prospects include AI, autonomy, the Semi and new products, while concerns include weak Cybertruck demand, competition and the lack of FSD licensing partners.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,244 shares of the electric vehicle producer's stock after acquiring an additional 6,544 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Tesla were worth $41,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. State Street Corp grew its holdings in Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Geode Capital Management LLC raised its stake in shares of Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after buying an additional 375,946 shares during the period. Norges Bank bought a new position in shares of Tesla in the fourth quarter worth about $17,128,100,000. Corient Private Wealth LLC lifted its position in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Tesla during the 2nd quarter valued at about $8,535,612,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

Tesla Price Performance

TSLA stock traded up $1.22 during midday trading on Wednesday, hitting $380.12. The company's stock had a trading volume of 33,406,048 shares, compared to its average volume of 52,297,203. 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 company has a 50 day moving average of $348.44 and a two-hundred day moving average of $379.28. The firm has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 351.97, a price-to-earnings-growth ratio of 18.95 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was up 25.5% on a year-over-year basis. On average, 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: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as the company considers roughly $25 billion in spending on AI, autonomy and infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla Semi was selected as the primary supplier for a reported 2,500-truck electric fleet order, strengthening the commercial-vehicle growth story and offering a potential source of future revenue beyond passenger cars. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: Investors are anticipating the October 1 Roadster reveal, while Tesla expanded Grok in its vehicles so the assistant can handle tasks such as accessing emails, documents and ordering food. These features reinforce the company’s software and AI ambitions. Tesla Roadster Reveal
• Positive Sentiment: Billionaire investors Stanley Druckenmiller and Ron Baron reportedly view Tesla’s Full Self-Driving and autonomy opportunity as a major part of the investment case, helping sustain enthusiasm for long-term AI-related growth. Investors’ Tesla FSD Thesis
• Neutral Sentiment: Tesla registered a local entity in Vietnam, signaling possible entry into a fast-growing EV market. However, domestic leader VinFast reportedly holds a strong local advantage in market share, charging and service infrastructure. Tesla Makes a Move in Vietnam
• Negative Sentiment: Elon Musk acknowledged that Tesla has still found no automaker willing to license FSD, limiting near-term evidence that autonomy can become a high-margin licensing business. Tesla Has Zero FSD Licensing Takers
• Negative Sentiment: Analysts and commentators continue to flag weak Cybertruck performance, lower delivery expectations and competition from new EV makers. At roughly 352 times earnings, Tesla’s valuation leaves limited room for delays or disappointing execution.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSLA shares. DZ Bank raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. BNP Paribas Exane downgraded shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $360.00 price target on shares of Tesla in a research report on Wednesday, September 16th. HSBC reissued a "hold" rating on shares of Tesla in a research note on Monday, June 15th. Finally, Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $412.25.

Tesla 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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

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.