Kirtland Hills Capital Management LLC Takes Position in Tesla, Inc. $TSLA

Kirtland Hills Capital Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,150 shares of the electric vehicle producer's stock, valued at approximately $4,269,000. Tesla accounts for approximately 1.2% of Kirtland Hills Capital Management LLC's investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in shares of Tesla in the second quarter valued at about $26,000. Friedenthal Financial increased its position in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares during the period. Turning Point Benefit Group Inc. bought a new position in Tesla during the third quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the 3rd quarter worth about $31,000. Finally, Harborfront Financial Group LLC bought a new stake in Tesla in the 2nd quarter valued at about $34,000. 66.20% of the stock is currently owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Analysts Set New Price Targets

Several brokerages have recently commented on TSLA. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. Wells Fargo & Company reissued an "underweight" rating and set a $130.00 price target (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. HSBC restated a "hold" rating on shares of Tesla in a research note on Monday, June 15th. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, BTIG Research lowered Tesla to a "neutral" rating in a report on Friday, June 5th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $401.74.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, June 8th. The stock was 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 owned 22,039 shares of the company's stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $354.08 on Friday. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a market cap of $1.40 trillion, a price-to-earnings ratio of 327.85, a PEG ratio of 19.00 and a beta of 1.84. The firm has a 50 day simple moving average of $358.22 and a 200 day simple moving average of $383.10.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business's quarterly revenue was up 25.5% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla 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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