Reynders McVeigh Capital Management LLC Has $20.71 Million Stake in Tesla, Inc. $TSLA

Key Points

• Reynders McVeigh Capital Management reduced its Tesla stake by 2.7% in the second quarter, selling 1,381 shares while retaining 49,233 shares valued at approximately $20.71 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla faces mixed operating signals: new Megacharger deployments, robotaxi and Roadster catalysts support its growth narrative, while weaker delivery expectations, price cuts in China, negative $1.1 billion free cash flow, and Cybercab regulatory scrutiny pose risks.
• Analyst sentiment remains broadly cautious, with a consensus “Hold” rating and a $412.25 price target. Tesla shares opened at $366.20, while the company recently missed quarterly EPS estimates despite 25.5% year-over-year revenue growth.

Reynders McVeigh Capital Management LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,233 shares of the electric vehicle producer's stock after selling 1,381 shares during the period. Reynders McVeigh Capital Management LLC's holdings in Tesla were worth $20,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSLA. Friedenthal Financial raised its position in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors acquired a new stake in Tesla during the fourth quarter worth approximately $37,000. Montgomery Financial Services LLC acquired a new stake in Tesla during the second quarter worth approximately $40,000. Finally, Lam Group Inc. bought a new stake in Tesla in the first quarter worth approximately $37,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla will operate public Megacharger sites at three Forum Mobility electric-truck depots in California, adding 30 megawatts of charging capacity. More than 330 Tesla Semis are reportedly committed at one site, providing potential support for Tesla’s commercial-vehicle and charging businesses. Tesla taps Forum Mobility for California electric-truck charging stations
• Positive Sentiment: Investors continue to focus on the potential expansion of Tesla’s robotaxi network, artificial-intelligence platform, and humanoid-robot efforts. Reports pointing to record deliveries and robotaxi availability in seven cities helped reinforce the long-term growth narrative, despite Tesla’s current execution challenges. Tesla Stock Has a Potential Catalyst Wall Street Can’t Ignore
• Positive Sentiment: The upcoming October 1 Roadster reveal is another near-term catalyst, with Elon Musk promising a highly differentiated vehicle. Tesla has also established a small formal foothold in Vietnam, potentially opening access to a growing EV market. Elon Musk Says Excitement Is Guaranteed at Tesla Roadster Reveal
• Neutral Sentiment: Tesla generated negative $1.1 billion in free cash flow last quarter as Musk increased spending on robotaxis and Optimus. The $43.5 billion cash balance provides a substantial cushion, but investors will want evidence that these investments can eventually produce returns. Tesla Posted Negative $1.1 Billion in Free Cash Flow Last Quarter
• Negative Sentiment: Goldman Sachs cut its third-quarter delivery forecast to 435,000 vehicles, citing weaker demand across China, the United States, and Europe. Tesla is also cutting prices in China, highlighting competitive pressure and possible margin risk.
• Negative Sentiment: NHTSA is demanding sworn answers to 21 questions by September 30 about the Cybercab’s safety certification, including its lack of steering wheel and pedals. Regulators could require controls to be added, creating delay and cost risks while rivals such as Waymo expand their robotaxi operations. How Serious Is the Regulatory Threat Now Facing Tesla’s Cybercab?
• Negative Sentiment: BYD’s record sales, Tesla’s slower robotaxi progress, and its elevated valuation leave little room for disappointment. Analysts warn that a busy product calendar may not satisfy investors unless it translates into stronger deliveries, profitability, and dependable autonomy revenue.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $485.00 price objective (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. Morgan Stanley restated a "reduce" rating on shares of Tesla in a research note on Monday. Evercore raised Tesla from a "hold" rating to an "outperform" rating in a research note on Friday, June 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $412.25.

Tesla Stock Up 2.3%

TSLA opened at $366.20 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 339.08, a PEG ratio of 18.08 and a beta of 1.84. The company's 50-day moving average is $350.04 and its 200 day moving average is $379.87. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company's revenue for the quarter was up 25.5% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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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