HM Payson & Co. Acquires 1,870 Shares of Tesla, Inc. $TSLA

Key Points

• HM Payson & Co. increased its Tesla stake by 34.2% in the second quarter, purchasing 1,870 additional shares and bringing its holdings to 7,330 shares valued at approximately $3.08 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s CFO Vaibhav Taneja sold 2,606 shares worth about $1.05 million to cover tax obligations tied to vested equity awards. Insiders retain approximately 19.9% ownership of the company.
• Analyst sentiment remains mixed: Tesla has a consensus rating of “Hold” and an average price target of $401.74, while the company recently missed quarterly EPS estimates despite reporting $28.24 billion in revenue. High valuation, thin margins, negative free cash flow and robotaxi execution risks remain key concerns.

HM Payson & Co. boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 34.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,330 shares of the electric vehicle producer's stock after purchasing an additional 1,870 shares during the period. HM Payson & Co.'s holdings in Tesla were worth $3,083,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Chapman Financial Group LLC acquired a new stake in Tesla during the second quarter worth approximately $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Friedenthal Financial boosted its position in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Tesla in the 3rd quarter worth approximately $31,000. Institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TSLA shares. Roth Capital reissued a "buy" rating and set a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. DZ Bank raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Citizens Jmp started coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating for the company. Citigroup began coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $401.74.

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 firm has a market cap of $1.33 trillion, a P/E ratio of 311.98, a PEG ratio of 17.28 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a 50 day moving average of $368.18 and a 200 day moving average of $388.55.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 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 the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

About Tesla

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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