Evolve Private Wealth LLC Acquires Shares of 16,147 Tesla, Inc. $TSLA

Key Points

• Evolve Private Wealth LLC acquired 16,147 Tesla shares during the second quarter, worth approximately $6.8 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla’s shares were down 5.9%, opening at $354.08, while the company recently missed quarterly earnings expectations with EPS of $0.33 versus the $0.50 consensus estimate despite revenue exceeding forecasts.
• Analyst sentiment remains mixed: MarketBeat reports an overall “Hold” rating and an average price target of $401.74, with 22 analysts rating the stock a Buy, 18 a Hold and four a Sell.

Evolve Private Wealth LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,147 shares of the electric vehicle producer's stock, valued at approximately $6,792,000.

Several other institutional investors also recently made changes to their positions in TSLA. Crestwood Advisors Group LLC raised its holdings in shares of Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after buying an additional 5,039 shares during the last quarter. Wealthquest Corp acquired a new position in Tesla during the 4th quarter worth $1,035,000. Private Capital Advisors Inc. boosted its position in 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 acquiring an additional 12,417 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in shares of Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock worth $28,998,000 after purchasing an additional 16,652 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its holdings in shares of Tesla by 26.6% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 70,955 shares of the electric vehicle producer's stock valued at $31,910,000 after purchasing an additional 14,900 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 5.9%

Shares of NASDAQ:TSLA opened at $354.08 on Friday. The company has a market cap of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 19.00 and a beta of 1.84. The firm has a 50 day simple moving average of $358.22 and a 200 day simple moving average of $383.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

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 for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the subject of several research analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a report on Friday, August 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research report on Tuesday, July 21st. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. Finally, BMO Capital Markets initiated coverage on shares of Tesla in a research note on Monday, August 17th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $401.74.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

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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