Saudi Central Bank Buys 92,657 Shares of Tesla, Inc. $TSLA

Key Points

• Saudi Central Bank increased its Tesla stake by 88.8% in the second quarter, buying 92,657 shares to hold 197,003 shares valued at approximately $82.9 million. Tesla now represents about 1.1% of the bank’s portfolio.
• Tesla shares opened at $358.97, with a market capitalization of roughly $1.42 trillion and a very high P/E ratio of 332.38. The stock has traded between $297.38 and $498.83 over the past year.
• Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, but earnings of $0.33 per share missed the $0.50 consensus estimate. Wall Street’s overall rating remains “Hold,” with an average price target of $414.68.

Saudi Central Bank grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 88.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,003 shares of the electric vehicle producer's stock after purchasing an additional 92,657 shares during the period. Tesla makes up approximately 1.1% of Saudi Central Bank's investment portfolio, making the stock its 20th biggest position. Saudi Central Bank's holdings in Tesla were worth $82,859,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TSLA. Marks Group Wealth Management Inc grew its holdings in Tesla by 1.7% during 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 buying an additional 25 shares in the last quarter. Clear Trail Advisors LLC raised its holdings in shares of Tesla by 1.6% during the 1st 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 in the last quarter. Peirce Capital Management LLC boosted its position in shares of Tesla by 1.5% during the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after acquiring an additional 25 shares during the last quarter. Community Bank & Trust Waco Texas boosted its position in shares of Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock valued at $711,000 after acquiring an additional 26 shares during the last quarter. Finally, WealthTrust Axiom LLC grew its holdings in shares of Tesla by 1.6% in the fourth quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer's stock valued at $733,000 after purchasing an additional 26 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 1.8%

Shares of TSLA opened at $358.97 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $352.49 and a 200 day moving average of $380.90. The company has a market cap of $1.42 trillion, a PE ratio of 332.38, a P/E/G ratio of 18.45 and a beta of 1.84. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. 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 firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the firm earned $0.33 EPS. The company's revenue was up 25.5% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is reportedly preparing to enter Vietnam through a newly registered subsidiary authorized to import, distribute and sell vehicles. The move opens a potential growth market in Southeast Asia. Tesla sets up Vietnam unit, registration filing shows
• Positive Sentiment: Tesla has regained approximately 52% of the U.S. EV market through August as Ford, GM and other traditional automakers scale back their electric-vehicle efforts. However, Tesla’s own sales reportedly remain lower year over year, limiting the significance of the share gain. Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat
• Positive Sentiment: CEO Elon Musk says Tesla could ship as many as one million Optimus humanoid robots in 2027. Repeat orders from Tesla for Virtuix’s Omni One Enterprise systems, used in the Optimus program, provide some evidence of ongoing development, although revenue estimates remain highly speculative. Elon Musk Says Optimus Will Ship to Customers in 2027
• Positive Sentiment: Tesla confirmed an October 1 unveiling for its long-delayed next-generation Roadster, potentially featuring SpaceX-related thruster technology. The event could renew attention around Tesla’s product pipeline, but investors may want production timing rather than another prototype demonstration. Tesla Roadster reveal date
• Neutral Sentiment: A software update will allow supervised FSD to intervene and steer when an imminent collision is detected, even if the driver has not enabled full self-driving. The feature could improve safety, but expanded vehicle intervention may also increase regulatory and liability scrutiny. Tesla active safety software update
• Negative Sentiment: Musk endorsed Anthropic CEO Dario Amodei’s call for caution or a slowdown in AI development. Investors viewed the comments as complicating Tesla’s narrative that AI, autonomy and robotics will drive substantial future value. Tesla Stock Drops as Musk Adds to the Chorus of AI Concern
• Negative Sentiment: Reports and commentary raised concerns about Cybercab execution, intensifying competition in China, Tesla’s declining quarterly deliveries and alleged lack of transparency surrounding a fatal Arizona crash involving automated-driving technology. These issues add to regulatory, reputational and commercialization risks. Tesla Cybercab analysis

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% 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. Corporate insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TSLA. 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $485.00 price objective (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. Jefferies Financial Group set a $400.00 target price on shares of Tesla and gave the stock a "hold" rating in a report on Monday, July 13th. Citizens Jmp began coverage on shares of Tesla in a research report on Thursday, July 9th. They set a "market perform" rating on the stock. Finally, Guggenheim initiated coverage on shares of Tesla in a report on Monday, June 29th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $414.68.

Tesla 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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