Prospera Financial Services Inc Cuts Stock Position in Tesla, Inc. $TSLA

Key Points

• Prospera Financial Services cut its Tesla stake by 12.8% in the second quarter, selling 7,724 shares and retaining 52,780 shares valued at approximately $22.2 million. Other institutional investors mostly increased their holdings, with institutions owning 66.2% of Tesla’s stock.
• Tesla’s analyst consensus remains “Hold”, with an average price target of $401.74, despite several Buy ratings. Shares opened at $342.27, while the company trades at a highly elevated P/E ratio of roughly 317.
• Tesla exceeded revenue expectations with $28.24 billion in quarterly revenue, up 25.5% year over year, but its $0.33 EPS missed the $0.50 consensus estimate. Investors are balancing potential catalysts such as the redesigned Roadster, robotaxis and energy expansion against margin pressure, competition and valuation concerns.

Prospera Financial Services Inc trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,780 shares of the electric vehicle producer's stock after selling 7,724 shares during the quarter. Prospera Financial Services Inc's holdings in Tesla were worth $22,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Reliant Investment Management LLC grew its stake in Tesla by 2.9% in the 2nd quarter. Reliant Investment Management LLC now owns 1,145 shares of the electric vehicle producer's stock valued at $482,000 after acquiring an additional 32 shares during the period. Waddell & Associates LLC raised its position in Tesla by 19.3% during the second quarter. Waddell & Associates LLC now owns 6,042 shares of the electric vehicle producer's stock worth $2,541,000 after acquiring an additional 976 shares during the period. Enzi Wealth lifted its holdings in Tesla by 0.7% during the second quarter. Enzi Wealth now owns 3,700 shares of the electric vehicle producer's stock valued at $1,466,000 after purchasing an additional 27 shares in the last quarter. Independent Financial Group LLC lifted its holdings in Tesla by 39.0% during the second quarter. Independent Financial Group LLC now owns 91,049 shares of the electric vehicle producer's stock valued at $38,295,000 after purchasing an additional 25,548 shares in the last quarter. Finally, Security National Bank grew its position in shares of Tesla by 471.6% in the second quarter. Security National Bank now owns 5,676 shares of the electric vehicle producer's stock valued at $2,387,000 after purchasing an additional 4,683 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster
• Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike
• Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating
• Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans
• Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again
• Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns.
• Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report

Analyst Ratings Changes

A number of analysts have recently commented on TSLA shares. The Goldman Sachs Group began coverage on shares of Tesla in a research note on Friday, June 5th. They set a "buy" rating for the company. Zacks Research upgraded Tesla from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. TD Cowen reiterated a "buy" rating on shares of Tesla in a research note on Friday. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Citizens Jmp began coverage on Tesla in a research report on Thursday, July 9th. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $401.74.

Tesla Stock Performance

NASDAQ:TSLA opened at $342.27 on Friday. The company has a market cap of $1.35 trillion, a P/E ratio of 316.92, a P/E/G ratio of 17.28 and a beta of 1.83. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company's 50-day moving average price is $370.77 and its 200-day moving average price is $390.17. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

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 (EPS) for the quarter, missing the consensus estimate 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 net margin of 3.67% and a return on equity of 3.82%. The firm's revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business'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 transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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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