EverSource Wealth Advisors LLC Sells 5,185 Shares of Tesla, Inc. $TSLA

EverSource Wealth Advisors LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 81,299 shares of the electric vehicle producer's stock after selling 5,185 shares during the period. Tesla accounts for about 1.2% of EverSource Wealth Advisors LLC's portfolio, making the stock its 14th largest position. EverSource Wealth Advisors LLC's holdings in Tesla were worth $34,195,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TSLA. Turning Point Benefit Group Inc. purchased a new position in Tesla in the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the third quarter valued at about $31,000. Friedenthal Financial lifted its position in shares of Tesla by 66.7% during the first 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. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter valued at about $26,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in shares of Tesla in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla’s expansion of its Las Vegas robotaxi fleet from 10 vehicles to as many as 5,000. The authorization materially increases Tesla’s potential operating scale, although actual deployment and regulatory compliance remain key challenges. Nevada robotaxi fleet approval
• Positive Sentiment: Tesla plans to launch Cybercabs in Austin on September 3 and expects to deploy 2,500 robotaxis during 2026. The event gives investors a near-term catalyst for evaluating Tesla’s autonomous-driving technology and commercialization plans. Tesla Cybercab Austin launch
• Positive Sentiment: Heavy purchases of long-dated Tesla call options indicate that some traders are positioning for substantial future appreciation, reinforcing the bullish narrative around robotaxis, artificial intelligence and robotics. Options activity is not a guarantee of fundamental demand. Tesla call options activity
• Neutral Sentiment: Tesla reportedly plans to open a Nevada Semi truck factory next month, adding a potential growth avenue beyond passenger EVs. Separately, SpaceX’s accelerated launch and orbital data-center plans could benefit Elon Musk’s broader ecosystem, but they do not directly change Tesla’s financial results. Tesla Semi factory plans
• Negative Sentiment: Tesla raised prices on two Cybertruck trims by $5,000, with the base version near $75,000 and higher versions reportedly reaching $85,000. The increases may offset material and component inflation, but reports of sharply weaker sales raise concerns that higher prices could further limit demand. Cybertruck price increase
• Negative Sentiment: Tesla faces a recall covering roughly 2.98 million vehicles in China over hidden door-handle safety concerns. A software remedy could contain costs, but the recall adds reputational and regulatory risk in a crucial market. Tesla China recall
• Negative Sentiment: Tesla has stopped selling Solar Roof tiles and is shifting toward conventional panels, raising questions about execution in its energy business. Investors are also monitoring reports of another senior chip-engineering departure and competition from Chinese automakers developing in-house autonomous-driving chips.
• Negative Sentiment: At roughly 324 times earnings, Tesla’s valuation leaves little room for disappointment. Skepticism over the timing of Cybercab and Optimus commercialization, along with comparisons showing Tesla underperforming other major technology stocks, continues to weigh on the risk-reward profile.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $350.25 on Wednesday. Tesla, Inc. has a twelve month low of $297.38 and a twelve 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. The company has a market cap of $1.38 trillion, a PE ratio of 324.31, a price-to-earnings-growth ratio of 17.62 and a beta of 1.83. The company's 50 day moving average is $363.29 and its 200 day moving average is $386.16.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's revenue was up 25.5% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSLA. Cantor Fitzgerald reissued an "overweight" rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Sanford C. Bernstein raised Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a "hold" rating in a report on Monday, July 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Finally, Piper Sandler reduced their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $401.74.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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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