Fifth Third Wealth Advisors LLC Purchases 3,592 Shares of Tesla, Inc. $TSLA

Key Points

• Fifth Third Wealth Advisors increased its Tesla position by 6.4% in the second quarter, adding 3,592 shares to own 59,509 shares worth approximately $25.0 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla faces potentially significant growth catalysts, including Einride’s planned deployment of 500 Tesla Semis and an anticipated Cybercab robotaxi rollout in Austin. However, profitability, regulatory, competition and execution risks remain concerns.
• Tesla reported quarterly revenue of $28.24 billion but missed EPS expectations, posting $0.33 versus the $0.50 consensus. With a PE ratio near 312, analysts maintain a consensus “Hold” rating and an average price target of $401.74.

Fifth Third Wealth Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,509 shares of the electric vehicle producer's stock after acquiring an additional 3,592 shares during the period. Tesla accounts for approximately 0.7% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Tesla were worth $25,029,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSLA. Crestwood Advisors Group LLC increased its position in Tesla by 34.7% in the 4th 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 in the last quarter. Calamos Wealth Management LLC boosted its holdings in Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after acquiring an additional 2,341 shares in the last quarter. Private Capital Advisors Inc. grew its stake in Tesla by 139.3% in the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock valued at $9,593,000 after acquiring an additional 12,417 shares during the period. Wealthquest Corp acquired a new stake in Tesla in the fourth quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Tesla by 34.8% during the fourth 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 acquiring an additional 16,652 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Large Tesla Semi order: Swedish trucking company Einride plans to deploy 500 Tesla Semis across North America over the next two years, beginning in September. The order would be the largest Tesla Semi deployment announced so far and could expand Tesla’s commercial-vehicle revenue. Reuters article
• Positive Sentiment: Cybercab rollout advances: Reports indicate Tesla is preparing to begin offering rides in its steering-wheel-free Cybercab in Austin as soon as this month, initially using employees before expanding to public robotaxi service. The launch could provide a high-profile test of Tesla’s autonomous-vehicle strategy. Reuters article
• Positive Sentiment: Robotaxi infrastructure: Tesla has reportedly filed plans for a charging hub with as many as 80 wireless chargers, signaling continued investment in scaling its robotaxi fleet and supporting the Cybercab launch. TipRanks article
• Neutral Sentiment: Amazon relationship: Filings show Amazon holds warrants representing roughly 12% of Einride, with vesting linked to Amazon purchases of freight services. This supports demand for the Semi deployment but does not represent a direct Amazon investment in Tesla. GeekWire article
• Neutral Sentiment: SpaceX speculation: Comments from former Tesla President Jon McNeill have renewed speculation that the Roadster could highlight deeper ties between Tesla and SpaceX, but no merger or transaction has been confirmed.
• Negative Sentiment: Profitability concerns: Coverage highlights Tesla’s return to negative free cash flow and its slim automotive net margin. The company also previously missed quarterly EPS expectations, increasing scrutiny of whether substantial AI and robotaxi investments can generate adequate returns.
• Negative Sentiment: Valuation and analyst warning: Tesla trades at exceptionally high earnings multiples despite subdued profitability. GLJ Research reaffirmed a Sell rating and assigned a $24.86 price target, arguing that Full Self-Driving execution could pressure the stock further. TipRanks article
• Negative Sentiment: Competition and execution risk: Amazon’s Zoox is expanding driverless service into San Francisco and Las Vegas, while investors remain concerned about regulatory approval, fleet costs, and the timing of Tesla’s robotaxi commercialization. Higher Treasury yields may also weigh on richly valued growth stocks.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $336.93 on Wednesday. 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 stock has a market cap of $1.33 trillion, a PE ratio of 311.98, a price-to-earnings-growth ratio of 17.28 and a beta of 1.83. The stock's fifty day simple moving average is $368.18 and its two-hundred day simple moving average is $388.55. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 22nd. 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 firm had revenue of $28.24 billion during 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 business's revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLA. Citigroup initiated coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. Evercore upgraded shares of Tesla from a "hold" rating to an "outperform" rating in a research note on Friday, June 5th. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a "buy" rating in a report on Thursday, July 23rd. UBS Group set a $460.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $401.74.

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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