Interchange Capital Partners LLC Increases Stock Position in Tesla, Inc. $TSLA

Key Points

• Interchange Capital Partners increased its Tesla stake by 16.8% in the second quarter, bringing its holdings to 14,525 shares valued at approximately $6.1 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $1.05 million to cover tax obligations related to vested equity awards, reducing his direct position by 10.57%.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed the $0.50 consensus. Analysts maintain an average “Hold” rating with a $401.74 price target.

Interchange Capital Partners LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,525 shares of the electric vehicle producer's stock after buying an additional 2,093 shares during the period. Tesla makes up about 1.1% of Interchange Capital Partners LLC's holdings, making the stock its 14th biggest holding. Interchange Capital Partners LLC's holdings in Tesla were worth $6,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter worth about $26,000. Davidson Capital Management Inc. increased its position in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 27 shares in the last quarter. Friedenthal Financial raised its holdings in Tesla by 66.7% in 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 period. Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Tesla during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 insiders.

Tesla Stock Down 1.7%

Shares of NASDAQ TSLA opened at $345.13 on Friday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm has a market cap of $1.36 trillion, a price-to-earnings ratio of 319.57, a PEG ratio of 17.73 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The stock's 50-day simple moving average is $366.49 and its 200-day simple moving average is $387.49.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $26.42 billion. During the same period in the prior year, the company posted $0.33 EPS. The company's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TSLA. JPMorgan Chase & Co. cut their target price 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. William Blair restated a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. The Goldman Sachs Group started coverage on Tesla in a research report on Friday, June 5th. They issued a "buy" rating for the company. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Citigroup initiated coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Tesla has an average rating of "Hold" and an average price target of $401.74.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
• Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
• Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
• Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
• Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
• Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
• Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
• Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
• Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.

Tesla Company 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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