Evanson Financial LLC Buys Shares of 8,989 Tesla, Inc. $TSLA

Key Points

• Evanson Financial LLC initiated a Tesla position by purchasing 8,989 shares worth approximately $3.78 million in the second quarter. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla CFO Vaibhav Taneja sold 3,000 shares for $1.35 million to cover tax withholding obligations, reducing his direct holdings by 14.21%; insiders own 19.9% of the company.
• Tesla recently missed quarterly earnings expectations, reporting $0.33 in EPS versus the $0.50 consensus, despite revenue of $28.24 billion and 25.5% year-over-year growth. The stock trades at a high P/E ratio of 295.86, while analysts maintain a consensus “Hold” rating and a $401.74 price target.

Evanson Financial LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,989 shares of the electric vehicle producer's stock, valued at approximately $3,781,000.

A number of other large investors also recently modified their holdings of TSLA. Chapman Financial Group LLC bought a new position in Tesla in the second quarter valued at about $26,000. Networth Advisors LLC bought a new stake in shares of Tesla during the fourth quarter worth about $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 27 shares during the period. Friedenthal Financial raised its holdings in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 30 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new stake in Tesla during the 3rd quarter worth approximately $30,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Trading Down 0.6%

NASDAQ:TSLA opened at $319.53 on Friday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. 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's fifty day moving average is $380.90 and its 200-day moving average is $394.22. The firm has a market cap of $1.26 trillion, a P/E ratio of 295.86, a P/E/G ratio of 15.96 and a beta of 1.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm 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%.Tesla's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts expect that Tesla, Inc. will post 0.89 earnings per share for the current year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: $16.8 billion Terafab investment: Tesla and SpaceX formally announced plans to build an advanced AI-chip factory in Texas. Management said approximately 25% of the computing capacity could support Tesla’s Optimus robots, while roughly 75% would serve AI spacecraft and other SpaceX-related needs. The project strengthens Tesla’s long-term robotics and AI narrative, although it also represents substantial capital spending. Reuters Terafab article
• Positive Sentiment: Growing energy-storage demand: SpaceX purchased approximately $295 million of Tesla Megapacks during the second quarter to support AI data centers. Tesla also began producing Megapack 3 batteries at a new Texas facility, providing evidence that its energy business may be expanding faster than its vehicle operations. CNBC Megapack article
• Positive Sentiment: Autonomy and FSD potential: Tesla is pursuing broader European deployment of Full Self-Driving, with approval votes reportedly expected in October or November. Regulatory progress could expand subscription revenue and support the company’s robotaxi valuation case. Barron's self-driving article
• Neutral Sentiment: Robotaxi expectations are being reset: Recent commentary suggests investors had focused heavily on fleet size and city count, while management may be lowering near-term expectations. Bullish investors view the pullback as a buying opportunity, but the reset could keep the stock volatile until Tesla demonstrates commercial scale.
• Negative Sentiment: China risk is increasing: Reports that Tesla could sell or close its China operations have raised concerns because analysts estimate China represents about 25% of Tesla’s value, including future Optimus and robotaxi opportunities. Losing the market could weaken growth prospects and Tesla’s competitive position against BYD. MarketBeat China article
• Negative Sentiment: Valuation and execution concerns remain: Tesla trades at a very high earnings multiple despite weak profitability, a recent quarterly EPS miss and sharply lower operating performance. Analysts and investors are questioning whether heavy AI, robotics and chip-factory spending will produce returns soon enough to justify the valuation.
• Negative Sentiment: Autonomy competition and legal exposure: Uber, Waymo and Amazon’s Zoox are advancing competing driverless-vehicle platforms, while Tesla is defending a self-driving patent dispute before the Supreme Court. These developments could slow Tesla’s path to robotaxi commercialization or increase regulatory and legal costs.

Analysts Set New Price Targets

Several equities analysts have issued reports on TSLA shares. Jefferies Financial Group set a $400.00 price target on shares of Tesla and gave the company a "hold" rating in a research report on Monday, July 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $485.00 price objective (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. Tigress Financial began coverage on Tesla in a report on Monday, April 27th. They issued a "buy" rating for the company. China Renaissance lowered their target price on Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a research report on Monday, April 27th. Finally, Mizuho set a $450.00 target price on Tesla and gave the stock an "outperform" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have issued a Hold rating and four have assigned 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.

Tesla Company 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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