NewEdge Advisors LLC Raises Position in Tesla, Inc. $TSLA

Key Points

• NewEdge Advisors increased its Tesla stake by 4.6% in the second quarter, adding 18,067 shares for a total of 409,932 shares valued at approximately $172.4 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed the $0.50 consensus forecast.
• Analysts maintain a mixed outlook, with Tesla carrying a consensus “Hold” rating and an average price target of $412.25; CFO Vaibhav Taneja also sold shares to cover tax obligations related to vested equity awards.

NewEdge Advisors LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 409,932 shares of the electric vehicle producer's stock after acquiring an additional 18,067 shares during the quarter. NewEdge Advisors LLC's holdings in Tesla were worth $172,417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Friedenthal Financial increased its stake in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares during the period. Harborfront Financial Group LLC purchased a new position in Tesla in the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Tesla during the fourth quarter valued at about $37,000. Lam Group Inc. purchased a new stake in shares of Tesla during the first quarter worth about $37,000. Finally, Montgomery Financial Services LLC purchased a new stake in shares of Tesla during the second quarter worth about $40,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Tesla stock opened at $358.08 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a fifty day moving average price of $350.84 and a two-hundred day moving average price of $380.12. The company has a market cap of $1.41 trillion, a PE ratio of 331.56, a P/E/G ratio of 18.66 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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 business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the company posted $0.33 earnings per share. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 0.85 earnings per share for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a research note on Monday, July 27th. Citizens Jmp started coverage on shares of Tesla in a report on Thursday, July 9th. They set a "market perform" rating for the company. Piper Sandler initiated coverage on shares of Tesla in a research report on Monday. They issued an "overweight" rating for the company. Mizuho set a $450.00 target price on shares of Tesla and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $412.25.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

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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