Jefferies Financial Group Inc. Buys 117,077 Shares of Tesla, Inc. $TSLA

Jefferies Financial Group Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 111.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,923 shares of the electric vehicle producer's stock after acquiring an additional 117,077 shares during the period. Tesla makes up 0.6% of Jefferies Financial Group Inc.'s portfolio, making the stock its 15th largest holding. Jefferies Financial Group Inc.'s holdings in Tesla were worth $93,339,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Tesla by 0.9% during the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC increased its position in 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 worth $29,426,070,000 after purchasing an additional 375,946 shares during the last quarter. Norges Bank purchased a new stake in Tesla during the fourth quarter valued at $17,128,100,000. Amundi lifted its position in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in Tesla by 3,205.5% during 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 purchasing an additional 20,810,386 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA stock opened at $368.16 on Wednesday. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. 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 firm has a market capitalization of $1.45 trillion, a P/E ratio of 340.89, a P/E/G ratio of 17.88 and a beta of 1.84. The stock has a 50 day moving average price of $356.02 and a 200 day moving average price of $382.15.

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 return on equity of 3.82% and a net margin of 3.67%.The company 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 business earned $0.33 EPS. The company's quarterly revenue was up 25.5% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSLA shares. William Blair restated a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. BNP Paribas Exane cut Tesla from a "hold" rating to an "underperform" rating in a research note on Friday, June 5th. Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. Barclays lifted their target price on Tesla from $360.00 to $370.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. decreased their price target on Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $401.74.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, becoming the sixth European country to authorize the technology. The decision could support wider European adoption and future high-margin software revenue. Slovenia clears Tesla FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate for as much as $0.30 less per mile than competing autonomous vehicles if Tesla achieves its targeted $20,000–$30,000 production cost, strengthening the long-term robotaxi business case. Tesla Cybercab cost advantage
• Neutral Sentiment: Tesla has begun limited paid Cybercab rides in Austin, moving its steering-wheel-free robotaxi from concept toward commercial service. However, the small rollout provides little evidence yet regarding pricing, utilization, fleet growth or profitability. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: The National Highway Traffic Safety Administration opened a probe into the certification and safety of nearly 1,000 Cybercabs, focusing on the vehicles’ lack of steering wheels and pedals. The investigation could delay expansion and increase regulatory costs. Cybercab certification regulatory probe
• Negative Sentiment: The Cybercab launch was viewed as muted because Tesla did not provide clear economics, production targets or a nationwide rollout schedule. Investors are also comparing Tesla’s limited Austin operation with Waymo’s much larger autonomous ride network. Tesla stock falls after Cybercab launch and NHTSA probe
• Negative Sentiment: Weak demand remains a concern: Tesla’s Chinese retail sales fell 12.4% in August, while European registrations were mixed. A viral video showing a person repeatedly triggering a Cybercab’s emergency braking also raised additional safety questions. Tesla sales in China

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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