Pennsylvania Capital Management Inc. ADV Decreases Stock Position in Tesla, Inc. $TSLA

Key Points

• Pennsylvania Capital Management cut its Tesla stake by 38.8% in the second quarter, selling 3,591 shares and retaining 5,669 shares valued at approximately $2.38 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, exceeding estimates, but adjusted earnings of $0.33 per share missed consensus by $0.17. The stock trades at a notably high P/E ratio of about 324.
• Analyst sentiment remains mixed, with Tesla carrying a consensus rating of “Hold” and an average price target of $401.74; ratings range from Strong Buy to Sell. CFO Vaibhav Taneja also sold shares to cover tax withholding obligations.

Pennsylvania Capital Management Inc. ADV lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,669 shares of the electric vehicle producer's stock after selling 3,591 shares during the period. Tesla makes up about 0.6% of Pennsylvania Capital Management Inc. ADV's investment portfolio, making the stock its 19th largest position. Pennsylvania Capital Management Inc. ADV's holdings in Tesla were worth $2,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC boosted its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock valued at $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC grew its stake in Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock valued at $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 0.4%

Tesla stock opened at $350.25 on Wednesday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm's 50-day moving average is $363.29 and its 200-day moving average is $386.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market cap of $1.38 trillion, a P/E ratio of 324.31, a PEG ratio of 17.62 and a beta of 1.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the company earned $0.33 EPS. Tesla's quarterly revenue was up 25.5% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TSLA. Stifel Nicolaus set a $491.00 target price on Tesla and gave the company a "buy" rating in a research report on Monday, August 3rd. Citigroup restated a "market perform" rating on shares of Tesla in a research note on Monday. Wells Fargo & Company reissued an "underweight" rating and set a $130.00 price objective (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. Roth Capital reissued a "buy" rating and issued a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Finally, Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $401.74.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla’s expansion of its Las Vegas robotaxi fleet from 10 vehicles to as many as 5,000. The authorization materially increases Tesla’s potential operating scale, although actual deployment and regulatory compliance remain key challenges. Nevada robotaxi fleet approval
• Positive Sentiment: Tesla plans to launch Cybercabs in Austin on September 3 and expects to deploy 2,500 robotaxis during 2026. The event gives investors a near-term catalyst for evaluating Tesla’s autonomous-driving technology and commercialization plans. Tesla Cybercab Austin launch
• Positive Sentiment: Heavy purchases of long-dated Tesla call options indicate that some traders are positioning for substantial future appreciation, reinforcing the bullish narrative around robotaxis, artificial intelligence and robotics. Options activity is not a guarantee of fundamental demand. Tesla call options activity
• Neutral Sentiment: Tesla reportedly plans to open a Nevada Semi truck factory next month, adding a potential growth avenue beyond passenger EVs. Separately, SpaceX’s accelerated launch and orbital data-center plans could benefit Elon Musk’s broader ecosystem, but they do not directly change Tesla’s financial results. Tesla Semi factory plans
• Negative Sentiment: Tesla raised prices on two Cybertruck trims by $5,000, with the base version near $75,000 and higher versions reportedly reaching $85,000. The increases may offset material and component inflation, but reports of sharply weaker sales raise concerns that higher prices could further limit demand. Cybertruck price increase
• Negative Sentiment: Tesla faces a recall covering roughly 2.98 million vehicles in China over hidden door-handle safety concerns. A software remedy could contain costs, but the recall adds reputational and regulatory risk in a crucial market. Tesla China recall
• Negative Sentiment: Tesla has stopped selling Solar Roof tiles and is shifting toward conventional panels, raising questions about execution in its energy business. Investors are also monitoring reports of another senior chip-engineering departure and competition from Chinese automakers developing in-house autonomous-driving chips.
• Negative Sentiment: At roughly 324 times earnings, Tesla’s valuation leaves little room for disappointment. Skepticism over the timing of Cybercab and Optimus commercialization, along with comparisons showing Tesla underperforming other major technology stocks, continues to weigh on the risk-reward profile.

Tesla Company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source