Integrity Financial Corp WA Reduces Stake in Tesla, Inc. $TSLA

Key Points

• Integrity Financial Corp WA cut its Tesla stake by 42.3% in the second quarter, selling 1,776 shares and retaining 2,420 shares valued at approximately $1.02 million. Hedge funds and other institutional investors still own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. The stock traded near $365, with a notably high price-to-earnings ratio of 338.37.
• Analysts’ consensus rating remains “Hold”, with an average price target of $414.68. Investors are weighing potential growth from the Semi, robotaxis and Optimus against declining Chinese sales, margin pressure and regulatory scrutiny of autonomous-driving features.

Integrity Financial Corp WA lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 42.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,420 shares of the electric vehicle producer's stock after selling 1,776 shares during the period. Integrity Financial Corp WA's holdings in Tesla were worth $1,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSLA. Marks Group Wealth Management Inc grew its stake in shares of Tesla by 1.7% during the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock valued at $680,000 after purchasing an additional 25 shares during the period. Clear Trail Advisors LLC lifted its stake in shares of Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after purchasing 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 worth $697,000 after purchasing an additional 25 shares during the period. Community Bank & Trust Waco Texas boosted its holdings in shares of Tesla by 1.7% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock worth $711,000 after buying an additional 26 shares during the last quarter. Finally, WealthTrust Axiom LLC grew its position in Tesla by 1.6% during the fourth quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer's stock valued at $733,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ TSLA opened at $365.44 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market cap of $1.44 trillion, a price-to-earnings ratio of 338.37, a PEG ratio of 18.45 and a beta of 1.84. The company's 50 day moving average is $353.71 and its two-hundred day moving average is $381.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. As a group, research analysts anticipate 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 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 in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla confirmed that its long-delayed Semi electric truck will enter Europe, with customer deliveries expected to begin in 2027. Morgan Stanley argues that high diesel prices could improve the economics of electric heavy-duty trucks and create a large new market for Tesla. Tesla eyes European freight market with long-delayed Semi truck
• Positive Sentiment: The Semi announcement strengthens Tesla’s longer-term growth narrative beyond passenger vehicles. Investors are also focused on possible future catalysts from robotaxis, Full Self-Driving software and Optimus robotics, although these businesses have yet to demonstrate large-scale profitability. How Tesla could transform trucking
• Neutral Sentiment: Tesla’s Cybercab pilot in Austin and recent Optimus demonstrations are sustaining investor interest in artificial intelligence and autonomous services. However, analysts and investors continue to debate whether Tesla can scale robotaxis profitably and compete with Waymo. Tesla opinions on Optimus and robotaxi innovations
• Negative Sentiment: China remains a significant pressure point. Tesla’s August sales reportedly fell about 26% year over year despite the launch of the Model Y Performance, marking another monthly decline amid intense competition from BYD and other domestic manufacturers. Tesla launches Model Y Performance in China
• Negative Sentiment: House lawmakers are seeking federal action after videos appeared to show drivers asleep while using Autopilot or Full Self-Driving. Additional scrutiny could slow autonomous-service expansion and increase legal, regulatory and reputational risks. House Democrat urges US action over sleeping Tesla drivers
• Negative Sentiment: Investors remain concerned about Tesla’s valuation and profitability: operating margins have reportedly fallen to 1.4%, free cash flow turned negative, and China discounts could support deliveries while further reducing margins. The stock’s premium valuation leaves limited room for execution disappointments.
• Neutral Sentiment: CFO Vaibhav Taneja sold shares to cover tax withholding on vested equity awards. While the transaction may attract attention, it was not described as a discretionary investment sale and therefore provides limited insight into management’s outlook. Vaibhav Taneja sells Tesla shares

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho set a $450.00 target price on shares of Tesla and gave the company an "outperform" rating in a report on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Sanford C. Bernstein raised shares of Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Truist Financial set a $370.00 target price on Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $414.68.

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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