Korea Investment CORP acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,987,245 shares of the electric vehicle producer's stock, valued at approximately $835,835,000. Tesla accounts for approximately 1.6% of Korea Investment CORP's investment portfolio, making the stock its 11th biggest holding. Korea Investment CORP owned about 0.05% of Tesla at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TSLA. EP Wealth Advisors LLC acquired a new position in shares of Tesla in the second quarter worth about $55,358,000. Heartland Bank & Trust Co purchased a new stake in Tesla during the 2nd quarter worth approximately $3,245,000. M1 Capital Management LLC acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $2,210,000. Rakuten Securities Inc. purchased a new position in shares of Tesla during the 2nd quarter valued at approximately $12,737,000. Finally, Ieq Capital LLC purchased a new position in shares of Tesla during the 2nd quarter valued at approximately $173,990,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Stock Performance
Shares of TSLA opened at $354.08 on Friday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year 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 company has a market cap of $1.40 trillion, a price-to-earnings ratio of 327.85, a price-to-earnings-growth ratio of 19.00 and a beta of 1.84. The firm has a fifty day moving average of $358.22 and a 200-day moving average of $383.10.
Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.
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
Insider Activity at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's 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 sale, the chief financial officer owned 22,039 shares of the company's stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $485.00 price target (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. Roth Capital reiterated a "buy" rating and set a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Friday. HSBC restated a "hold" rating on shares of Tesla in a research note on Monday, June 15th. Finally, The Goldman Sachs Group began coverage on Tesla in a research note on Friday, June 5th. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $401.74.
Check Out Our Latest Research Report on TSLA
Tesla Profile
(
Free Report)
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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