NEOS Investment Management LLC Buys 152,662 Shares of Tesla, Inc. $TSLA

Key Points

• NEOS Investment Management increased its Tesla stake by 10.9%, purchasing 152,662 additional shares to hold 1.55 million shares valued at approximately $652.9 million.
• Institutional investors own 66.2% of Tesla, while CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax obligations related to vested equity awards.
• Tesla’s latest quarter showed 25.5% year-over-year revenue growth to $28.24 billion, but earnings per share fell short of estimates; analysts maintain a consensus “Hold” rating with an average price target of $414.68.

NEOS Investment Management LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,552,352 shares of the electric vehicle producer's stock after buying an additional 152,662 shares during the period. Tesla comprises about 2.4% of NEOS Investment Management LLC's holdings, making the stock its 11th largest position. NEOS Investment Management LLC's holdings in Tesla were worth $652,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Chapman Financial Group LLC purchased a new position in Tesla during the 2nd quarter worth $26,000. Friedenthal Financial grew its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the third quarter valued at about $31,000. Finally, Harborfront Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at about $34,000. Institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock opened at $365.44 on Friday. The firm has a market cap of $1.44 trillion, a price-to-earnings ratio of 338.37, a P/E/G ratio of 18.45 and a beta of 1.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. 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 $353.71 and its two-hundred day simple moving average is $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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company 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 firm earned $0.33 earnings per share. The firm's revenue was up 25.5% compared to the same quarter last year. As a group, equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla News Summary

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a report on Monday, July 27th. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley set a $840.00 target price on Tesla in a research note on Saturday. William Blair reaffirmed a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. Finally, Erste Group Bank upgraded Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $414.68.

About Tesla

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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