Okabena Investment Services Inc. Makes New $717,000 Investment in Tesla, Inc. $TSLA

Key Points

• Okabena Investment Services purchased 1,704 Tesla shares worth approximately $717,000 in the second quarter. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s growth outlook remains tied to its Cybercab robotaxi and Full Self-Driving initiatives, but regulatory scrutiny, uncertain commercial viability and weakening China sales present significant risks.
• Analysts have a consensus “Hold” rating with an average price target of $401.74. Tesla trades at a highly elevated valuation, while its latest quarterly EPS of $0.33 missed the $0.50 consensus estimate despite revenue exceeding expectations.

Okabena Investment Services Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,704 shares of the electric vehicle producer's stock, valued at approximately $717,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Turning Point Benefit Group Inc. purchased a new stake in Tesla in the 3rd quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla during the 3rd quarter valued at about $31,000. Friedenthal Financial grew its holdings in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the period. Chapman Financial Group LLC acquired a new stake in Tesla during the second quarter worth about $26,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla during the second quarter worth about $34,000. 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’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.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. Citigroup reiterated a "market perform" rating on shares of Tesla in a report on Monday, August 24th. The Goldman Sachs Group assumed coverage on shares of Tesla in a research report on Friday, June 5th. They set a "buy" rating on the stock. Evercore upgraded Tesla from a "hold" rating to an "outperform" rating in a research report on Friday, June 5th. William Blair reissued a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. Finally, BTIG Research downgraded Tesla to a "neutral" rating in a research report 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 given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average target price of $401.74.

Tesla Stock Performance

Shares of Tesla stock opened at $367.81 on Thursday. The stock has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 340.57, a price-to-earnings-growth ratio of 18.59 and a beta of 1.84. 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 business has a 50-day moving average of $354.87 and a 200 day moving average of $381.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm'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, sell-side analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling 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 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 directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

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.

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.