Equitable Holdings Inc. lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,697 shares of the electric vehicle producer's stock after selling 3,419 shares during the quarter. Equitable Holdings Inc.'s holdings in Tesla were worth $71,795,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bamco Inc. NY increased its position in Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after acquiring an additional 591,243 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Tesla in the 4th quarter worth about $1,035,000. Private Capital Advisors Inc. boosted its stake in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock worth $9,593,000 after purchasing an additional 12,417 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock valued at $28,998,000 after purchasing an additional 16,652 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan raised its position in Tesla by 26.6% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 70,955 shares of the electric vehicle producer's stock worth $31,910,000 after purchasing an additional 14,900 shares during the period. Institutional investors own 66.20% of the company's stock.
More 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
TSLA stock opened at $368.16 on Wednesday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The business has a 50-day moving average price of $356.02 and a 200 day moving average price of $382.15. The company 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. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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). The business had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on TSLA shares. Mizuho set a $450.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. Piper Sandler decreased their price target on Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Stifel Nicolaus set a $491.00 price objective on Tesla and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $401.74.
Read Our Latest Report on TSLA
About Tesla
(
Free Report)
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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