Lionsbridge Wealth Management LLC Makes New Investment in Tesla, Inc. $TSLA

Lionsbridge Wealth Management LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,793 shares of the electric vehicle producer's stock, valued at approximately $754,000.

Other hedge funds also recently added to or reduced their stakes in the company. KFA Private Wealth Group LLC lifted its stake in Tesla by 6.2% in the second quarter. KFA Private Wealth Group LLC now owns 1,127 shares of the electric vehicle producer's stock worth $474,000 after acquiring an additional 66 shares during the last quarter. First Citizens Financial Corp acquired a new stake in shares of Tesla in the 2nd quarter worth $211,000. Sound Financial Strategies Group LLC boosted its stake in shares of Tesla by 10.8% in the second quarter. Sound Financial Strategies Group LLC now owns 903 shares of the electric vehicle producer's stock valued at $380,000 after buying an additional 88 shares in the last quarter. R. W. Roge & Company Inc. acquired a new position in Tesla during the second quarter worth about $211,000. Finally, Clarus Wealth Advisors boosted its position in Tesla by 9.8% during the second quarter. Clarus Wealth Advisors now owns 6,009 shares of the electric vehicle producer's stock worth $2,368,000 after purchasing an additional 535 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.

Tesla Trading Up 0.5%

Tesla stock opened at $365.44 on Friday. Tesla, Inc. has a 12-month low of $297.38 and a 12-month 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 stock has a market capitalization of $1.44 trillion, a PE ratio of 338.37, a price-to-earnings-growth ratio of 18.36 and a beta of 1.84. The firm has a 50 day simple moving average of $353.71 and a 200-day simple moving average of $381.39.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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). The firm had revenue of $28.24 billion during 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%.The business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla confirmed that its long-delayed Semi electric truck will enter Europe, with customer deliveries expected to begin in 2027. Morgan Stanley argues that high diesel prices could improve the economics of electric heavy-duty trucks and create a large new market for Tesla. Tesla eyes European freight market with long-delayed Semi truck
• Positive Sentiment: The Semi announcement strengthens Tesla’s longer-term growth narrative beyond passenger vehicles. Investors are also focused on possible future catalysts from robotaxis, Full Self-Driving software and Optimus robotics, although these businesses have yet to demonstrate large-scale profitability. How Tesla could transform trucking
• Neutral Sentiment: Tesla’s Cybercab pilot in Austin and recent Optimus demonstrations are sustaining investor interest in artificial intelligence and autonomous services. However, analysts and investors continue to debate whether Tesla can scale robotaxis profitably and compete with Waymo. Tesla opinions on Optimus and robotaxi innovations
• Negative Sentiment: China remains a significant pressure point. Tesla’s August sales reportedly fell about 26% year over year despite the launch of the Model Y Performance, marking another monthly decline amid intense competition from BYD and other domestic manufacturers. Tesla launches Model Y Performance in China
• Negative Sentiment: House lawmakers are seeking federal action after videos appeared to show drivers asleep while using Autopilot or Full Self-Driving. Additional scrutiny could slow autonomous-service expansion and increase legal, regulatory and reputational risks. House Democrat urges US action over sleeping Tesla drivers
• Negative Sentiment: Investors remain concerned about Tesla’s valuation and profitability: operating margins have reportedly fallen to 1.4%, free cash flow turned negative, and China discounts could support deliveries while further reducing margins. The stock’s premium valuation leaves limited room for execution disappointments.
• Neutral Sentiment: CFO Vaibhav Taneja sold shares to cover tax withholding on vested equity awards. While the transaction may attract attention, it was not described as a discretionary investment sale and therefore provides limited insight into management’s outlook. Vaibhav Taneja sells Tesla shares

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TSLA shares. Stifel Nicolaus set a $491.00 target price on Tesla and gave the company a "buy" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on shares of Tesla in a research note on Monday, July 27th. Roth Capital reissued a "buy" rating and set a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. William Blair restated a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. Finally, Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $401.74.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.