Heartland Bank & Trust Co acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,715 shares of the electric vehicle producer's stock, valued at approximately $3,245,000. Tesla accounts for about 0.7% of Heartland Bank & Trust Co's investment portfolio, making the stock its 29th biggest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter valued at $30,000. Texas Capital Bancshares Inc TX bought a new position in Tesla during the third quarter valued at approximately $31,000. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at about $26,000. Finally, Harborfront Financial Group LLC bought a new position in Tesla in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Tesla Stock Performance
TSLA stock opened at $376.36 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. The company has a market capitalization of $1.49 trillion, a P/E ratio of 348.48, a PEG ratio of 18.02 and a beta of 1.84. The business has a 50-day moving average price of $358.73 and a 200 day moving average price of $383.30. 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 quarterly 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Wall Street Analyst Weigh In
TSLA has been the subject of several analyst reports. DZ Bank raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a report on Monday, July 27th. Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. Royal Bank Of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group began coverage on shares of Tesla in a research note on Friday, June 5th. They issued a "buy" rating for the company. One investment 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 stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $401.74.
Read Our Latest Report on TSLA
Insider Buying and Selling
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, 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 Securities & Exchange Commission, which is available at 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.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
- Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
- Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla's self-driving tech
- Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
- Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
- Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.
Tesla Company Profile
(
Free Report)
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.
See Also
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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