Haverford Trust Co Purchases New Stake in Tesla, Inc. $TSLA

Haverford Trust Co acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,839 shares of the electric vehicle producer's stock, valued at approximately $1,194,000.

A number of other large investors also recently added to or reduced their stakes in TSLA. Norges Bank acquired a new stake in Tesla during the 4th quarter worth $17,128,100,000. Corient Private Wealth LLC lifted its holdings 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 valued at $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Tesla in the second quarter valued at approximately $6,083,630,000. Deutsche Bank AG acquired a new position in Tesla in the 2nd quarter worth $4,039,090,000. Finally, Bank of America Corp DE grew its holdings in shares of Tesla by 56.0% during the fourth 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 buying an additional 7,450,766 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Summary

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 related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed 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. 19.90% of the stock is owned by company insiders.

Tesla Price Performance

NASDAQ:TSLA opened at $354.08 on Friday. The company has a market cap of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 19.00 and a beta of 1.84. The firm's fifty day moving average price is $358.22 and its two-hundred day moving average price is $383.10. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. 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 (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company 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%.The business's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Equities analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSLA shares. Citizens Jmp initiated coverage on shares of Tesla in a research report on Thursday, July 9th. They issued a "market perform" rating for the company. HSBC reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 15th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a report on Tuesday, July 21st. Piper Sandler lowered their target price on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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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