Mufg Securities Americas Inc. Purchases 6,988 Shares of Tesla, Inc. $TSLA

Key Points

• Mufg Securities Americas increased its Tesla position by 9% in the second quarter, acquiring 6,988 shares and bringing its holdings to 84,793 shares valued at approximately $35.7 million.
• Tesla’s CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax withholding obligations. Institutional investors own 66.2% of Tesla, while corporate insiders own 19.9%.
• Analysts maintain a consensus “Hold” rating with an average price target of $401.74. Tesla reported revenue growth of 25.5% but missed quarterly EPS estimates, while its high valuation, weakening China sales and regulatory scrutiny of its robotaxi program remain key risks.

Mufg Securities Americas Inc. raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 84,793 shares of the electric vehicle producer's stock after acquiring an additional 6,988 shares during the period. Tesla comprises 1.8% of Mufg Securities Americas Inc.'s portfolio, making the stock its 10th biggest position. Mufg Securities Americas Inc.'s holdings in Tesla were worth $35,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSLA. Marks Group Wealth Management Inc boosted its holdings in Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock worth $680,000 after purchasing an additional 25 shares during the last quarter. Clear Trail Advisors LLC grew its position in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock valued at $605,000 after purchasing an additional 25 shares in the last quarter. Peirce Capital Management LLC increased its stake in Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after buying an additional 25 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock worth $711,000 after buying an additional 26 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in shares of Tesla by 1.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer's stock worth $733,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the company a "buy" rating in a report on Thursday, July 23rd. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Tesla in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research note on Monday, July 27th. Finally, HSBC reissued a "hold" rating on shares of Tesla in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $401.74.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab rollout remains the primary bullish catalyst. The company has added 45 vehicles to its Austin fleet, while CEO Elon Musk says the redesigned manufacturing process could produce Cybercabs more than five times faster. Lower operating costs could help Tesla compete with Waymo and Uber if the technology scales. 45 Tesla Cybercabs Are Now Roaming Austin
• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, making it the sixth European country to do so. Investors view the approval as a possible step toward an EU-wide authorization and additional software subscription revenue. A potential European launch of Cybercab is also supporting the long-term growth narrative. Slovenia clears Tesla’s FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate at a cost advantage of as much as $0.30 per mile versus rival autonomous vehicles if Tesla reaches its targeted production costs, strengthening the potential economics of a large robotaxi network. Tesla Cybercab Could Beat Waymo on Cost
• Neutral Sentiment: Analysts continue to debate whether Tesla can become a successful robotaxi platform or whether Waymo’s operational experience and sensor-heavy approach give it an advantage. The Cybercab’s early fares have varied widely versus Uber, highlighting that the commercial model is not yet proven. Tesla versus Alphabet’s Waymo
• Negative Sentiment: Tesla’s China sales continue to weaken. August domestic sales declined, and the company is offering cash incentives through September 30, suggesting persistent competitive and demand pressure in the world’s largest EV market. Strong exports provide some offset but do not resolve the underlying weakness. Tesla Sales in China Continue Negative Streak
• Negative Sentiment: Regulatory scrutiny remains a major risk. The National Highway Traffic Safety Administration is examining certification and technical data related to nearly 1,000 driverless Cybercabs, raising questions about Tesla’s ability to expand the service quickly and safely. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: Some investors remain bearish because Tesla’s valuation is demanding relative to its modest profitability and slowing core auto business. With a very high earnings multiple, the stock is particularly dependent on successful execution of FSD, robotaxis and other future businesses.

Tesla Stock Down 0.1%

TSLA stock opened at $367.81 on Thursday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The business's 50 day simple moving average is $354.87 and its 200 day simple moving average is $381.84. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.45 trillion, a PE ratio of 340.57, a PEG ratio of 18.59 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the business earned $0.33 EPS. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

Tesla Company 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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