Greenleaf Trust Has $21.45 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Greenleaf Trust reduced its Tesla position by 3.5% in the second quarter, selling 1,851 shares and retaining 50,990 shares valued at approximately $21.45 million. Institutional investors collectively own 66.2% of Tesla.
• Analyst sentiment is mixed: Tesla has a consensus rating of “Hold” and an average price target of $401.74, despite several recent Buy or Outperform ratings.
• Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, beating estimates, but EPS of $0.33 missed expectations. The company’s valuation remains elevated, with a price-to-earnings ratio of roughly 336.

Greenleaf Trust lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,990 shares of the electric vehicle producer's stock after selling 1,851 shares during the quarter. Greenleaf Trust's holdings in Tesla were worth $21,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC increased its stake in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after purchasing an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. raised its holdings in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets began coverage on shares of Tesla in a report on Monday, August 17th. They issued an "outperform" rating for the company. Roth Capital restated a "buy" rating and set a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Evercore raised Tesla from a "hold" rating to an "outperform" rating in a research report on Friday, June 5th. Citigroup initiated coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating on the stock. Finally, Citizens Jmp began coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $401.74.

Tesla Stock Up 5.1%

Tesla stock opened at $362.86 on Friday. 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, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a fifty day moving average price of $365.62 and a two-hundred day moving average price of $387.31. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 335.98, a P/E/G ratio of 18.32 and a beta of 1.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 business 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%. During the same period in the prior year, the business posted $0.33 earnings per share. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

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

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

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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