HB Wealth Management LLC Increases Stake in Tesla, Inc. $TSLA

Key Points

• HB Wealth Management increased its Tesla stake by 5% in the second quarter, adding 5,883 shares for a total of 123,128 shares valued at approximately $51.8 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla recently traded at $358.97, with a market capitalization of about $1.42 trillion and a very high price-to-earnings ratio of 332.38. Its latest quarterly revenue rose 25.5% year over year to $28.24 billion, but earnings per share of $0.33 missed analyst expectations of $0.50.
• Analyst sentiment is mixed, with Tesla holding an overall “Hold” consensus rating and an average price target of $414.68. CFO Vaibhav Taneja sold shares to cover tax obligations, reducing his ownership by 9.12%.

HB Wealth Management LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 123,128 shares of the electric vehicle producer's stock after purchasing an additional 5,883 shares during the period. HB Wealth Management LLC's holdings in Tesla were worth $51,788,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc grew its stake in shares of Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock valued at $680,000 after buying an additional 25 shares during the last quarter. Clear Trail Advisors LLC increased its holdings in shares of Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after buying an additional 25 shares during the period. Peirce Capital Management LLC lifted its stake in shares of Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after acquiring an additional 25 shares during the last quarter. Community Bank & Trust Waco Texas boosted its holdings in Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock valued at $711,000 after acquiring an additional 26 shares during the period. Finally, WealthTrust Axiom LLC boosted its holdings in Tesla by 1.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer's stock valued at $733,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Trading Down 1.8%

TSLA opened at $358.97 on Tuesday. The business has a 50 day simple moving average of $352.49 and a two-hundred day simple moving average of $380.90. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 332.38, a PEG ratio of 18.45 and a beta of 1.84. 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 one year low of $297.38 and a one year 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter last year, the business posted $0.33 EPS. The company's quarterly revenue was up 25.5% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSLA shares. BTIG Research cut Tesla to a "neutral" rating in a research note on Friday, June 5th. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a "hold" rating in a research note on Monday, July 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Friday, June 5th. Finally, BNP Paribas Exane lowered shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus target price of $414.68.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is reportedly preparing to enter Vietnam through a newly registered subsidiary authorized to import, distribute and sell vehicles. The move opens a potential growth market in Southeast Asia. Tesla sets up Vietnam unit, registration filing shows
• Positive Sentiment: Tesla has regained approximately 52% of the U.S. EV market through August as Ford, GM and other traditional automakers scale back their electric-vehicle efforts. However, Tesla’s own sales reportedly remain lower year over year, limiting the significance of the share gain. Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat
• Positive Sentiment: CEO Elon Musk says Tesla could ship as many as one million Optimus humanoid robots in 2027. Repeat orders from Tesla for Virtuix’s Omni One Enterprise systems, used in the Optimus program, provide some evidence of ongoing development, although revenue estimates remain highly speculative. Elon Musk Says Optimus Will Ship to Customers in 2027
• Positive Sentiment: Tesla confirmed an October 1 unveiling for its long-delayed next-generation Roadster, potentially featuring SpaceX-related thruster technology. The event could renew attention around Tesla’s product pipeline, but investors may want production timing rather than another prototype demonstration. Tesla Roadster reveal date
• Neutral Sentiment: A software update will allow supervised FSD to intervene and steer when an imminent collision is detected, even if the driver has not enabled full self-driving. The feature could improve safety, but expanded vehicle intervention may also increase regulatory and liability scrutiny. Tesla active safety software update
• Negative Sentiment: Musk endorsed Anthropic CEO Dario Amodei’s call for caution or a slowdown in AI development. Investors viewed the comments as complicating Tesla’s narrative that AI, autonomy and robotics will drive substantial future value. Tesla Stock Drops as Musk Adds to the Chorus of AI Concern
• Negative Sentiment: Reports and commentary raised concerns about Cybercab execution, intensifying competition in China, Tesla’s declining quarterly deliveries and alleged lack of transparency surrounding a fatal Arizona crash involving automated-driving technology. These issues add to regulatory, reputational and commercialization risks. Tesla Cybercab analysis

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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