Occidental Asset Management LLC Makes New Investment in Tesla, Inc. $TSLA

Key Points

• Occidental Asset Management acquired 8,477 Tesla shares worth approximately $3.565 million in the second quarter. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla is pursuing growth through robotaxis, the Cybercab, Optimus humanoid robots and Semi deliveries, but the company faces execution and safety concerns, including a recall of about 3 million vehicles in China and criticism of its Full Self-Driving technology.
• Tesla’s shares opened at $348.75, while the stock trades at a very high P/E ratio of 322.92; analysts maintain a consensus “Hold” rating with an average price target of $401.74. The company’s latest quarter included 25.5% year-over-year revenue growth but missed earnings estimates.

Occidental Asset Management LLC 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 institutional investor acquired 8,477 shares of the electric vehicle producer's stock, valued at approximately $3,565,000.

A number of other hedge funds also recently modified their holdings of the stock. Marks Group Wealth Management Inc raised its holdings in Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock valued at $680,000 after acquiring an additional 25 shares during the period. Clear Trail Advisors LLC boosted its holdings in shares of Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after acquiring an additional 25 shares during the period. Peirce Capital Management LLC grew its position in shares of Tesla by 1.5% in the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after purchasing an additional 25 shares during the last quarter. Brio Consultants LLC increased its stake in shares of Tesla by 4.7% during the fourth quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer's stock worth $259,000 after purchasing an additional 26 shares during the period. Finally, Community Bank & Trust Waco Texas increased its stake in shares of Tesla by 1.7% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock worth $711,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion
• Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout
• Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production
• Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order
• Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event
• Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall
• Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident
• Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Price Performance

Shares of TSLA opened at $348.75 on Monday. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a market cap of $1.38 trillion, a P/E ratio of 322.92, a P/E/G ratio of 17.61 and a beta of 1.83. 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 firm has a 50 day simple moving average of $360.33 and a two-hundred day simple moving average of $384.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 22nd. 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 business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the business posted $0.33 EPS. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent research reports. Citizens Jmp began coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. Erste Group Bank raised Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. Piper Sandler reduced their target price on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Roth Capital restated a "buy" rating and issued a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Finally, Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $401.74.

Tesla Profile

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.

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.

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