Johnson Investment Counsel Inc. Buys 1,688 Shares of Tesla, Inc. $TSLA

Key Points

• Johnson Investment Counsel increased its Tesla stake by 1.2% in the second quarter, adding 1,688 shares and bringing its holdings to 144,067 shares valued at approximately $60.6 million.
• Institutional investors own 66.2% of Tesla, while several firms—including New Harbor Financial Group and Capstone Wealth Management—also expanded their positions during the quarter.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but earnings per share of $0.33 missed analysts’ $0.50 estimate. Analysts maintain a consensus “Hold” rating with an average price target of $401.74.

Johnson Investment Counsel Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,067 shares of the electric vehicle producer's stock after acquiring an additional 1,688 shares during the period. Johnson Investment Counsel Inc.'s holdings in Tesla were worth $60,595,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSLA. GKV Capital Management Co. Inc. boosted its holdings in Tesla by 10.0% during the second quarter. GKV Capital Management Co. Inc. now owns 1,650 shares of the electric vehicle producer's stock worth $694,000 after purchasing an additional 150 shares during the last quarter. Anchyra Partners LLC increased its stake in Tesla by 6.1% in the 2nd quarter. Anchyra Partners LLC now owns 6,557 shares of the electric vehicle producer's stock valued at $2,758,000 after buying an additional 378 shares during the last quarter. J. M. Brown & Associates Inc. bought a new position in shares of Tesla during the 2nd quarter worth approximately $1,006,000. New Harbor Financial Group LLC boosted its stake in shares of Tesla by 118.7% in the 2nd quarter. New Harbor Financial Group LLC now owns 3,817 shares of the electric vehicle producer's stock worth $1,605,000 after buying an additional 2,072 shares during the last quarter. Finally, Capstone Wealth Management LLC grew its holdings in shares of Tesla by 65.4% in the second quarter. Capstone Wealth Management LLC now owns 1,093 shares of the electric vehicle producer's stock valued at $460,000 after acquiring an additional 432 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ TSLA opened at $348.95 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.38 trillion, a PE ratio of 323.10, a price-to-earnings-growth ratio of 18.32 and a beta of 1.83. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The firm's 50-day simple moving average is $364.38 and its two-hundred day simple moving average is $386.56.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share 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 business had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the business earned $0.33 EPS. Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. Research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 completion of the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a "buy" rating in a report on Monday, August 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a report on Tuesday, July 21st. HSBC restated a "hold" rating on shares of Tesla in a research report on Monday, June 15th. Piper Sandler lowered their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Finally, BMO Capital Markets assumed coverage on shares of Tesla in a research note on Monday, August 17th. They issued an "outperform" rating on the stock. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $401.74.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla's Robo-Taxi Expansion Takes a Leap Forward
• Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
• Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2

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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