IPG Investment Advisors LLC Cuts Stock Holdings in Tesla, Inc. $TSLA

Key Points

• IPG Investment Advisors LLC reduced its Tesla stake by 18.6% in the second quarter, selling 3,140 shares and retaining 13,784 shares valued at approximately $5.8 million.
• Institutional investors own 66.2% of Tesla, while CFO Vaibhav Taneja sold 2,606 shares for roughly $938,500 to cover tax obligations related to vested equity awards.
• Tesla reported quarterly revenue of $28.24 billion, exceeding estimates, but its $0.33 EPS missed expectations. Analysts maintain an average “Hold” rating with a consensus price target of $412.25.

IPG Investment Advisors LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,784 shares of the electric vehicle producer's stock after selling 3,140 shares during the period. IPG Investment Advisors LLC's holdings in Tesla were worth $5,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock valued at $29,426,070,000 after buying an additional 375,946 shares in the last quarter. Norges Bank purchased a new position in Tesla in the fourth quarter worth $17,128,100,000. Amundi lifted its holdings in Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares during the period. Corient Private Wealth LLC lifted its holdings in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Tesla during the 2nd quarter worth $8,535,612,000. Hedge funds and other 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 Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Tesla Price Performance

NASDAQ:TSLA opened at $358.08 on Thursday. The firm has a market cap of $1.41 trillion, a price-to-earnings ratio of 331.56, a price-to-earnings-growth ratio of 18.66 and a beta of 1.84. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company's 50-day moving average is $350.84 and its two-hundred day moving average is $380.12. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Research analysts expect that Tesla, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TSLA shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $485.00 price target (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. BNP Paribas Exane downgraded shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Piper Sandler began coverage on shares of Tesla in a research report on Monday. They set an "overweight" rating on the stock. Jefferies Financial Group set a $400.00 target price on shares of Tesla and gave the company a "hold" rating in a report on Monday, July 13th. Finally, UBS Group set a $460.00 price target on shares of Tesla in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $412.25.

Tesla Company 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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