Sax Wealth Advisors LLC Acquires 1,712 Shares of Tesla, Inc. $TSLA

Key Points

• Sax Wealth Advisors increased its Tesla stake by 33.9% in the second quarter, adding 1,712 shares for a total of 6,762 shares valued at approximately $2.84 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, ahead of expectations, but EPS of $0.33 missed the $0.50 consensus estimate. The stock trades at a high P/E ratio of 304.24 and remains below its 50-day and 200-day moving averages.
• Analysts remain divided, with a consensus “Hold” rating and a $401.74 price target. Potential catalysts include the Terafab semiconductor project, robotaxi expansion and Supercharger growth, while competition, autonomy regulation and valuation remain key risks.

Sax Wealth Advisors LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 33.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,762 shares of the electric vehicle producer's stock after acquiring an additional 1,712 shares during the quarter. Sax Wealth Advisors LLC's holdings in Tesla were worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSLA. Norges Bank acquired a new position in shares of Tesla during the fourth quarter worth about $17,128,100,000. Corient Private Wealth LLC grew its stake in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. boosted its holdings in Tesla by 882.8% during the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock worth $3,688,630,000 after purchasing an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla and SpaceX announced an initial $16.8 billion investment in Terafab, a planned advanced semiconductor facility in Texas. The project could give Tesla greater control over chips needed for Optimus robots, autonomous vehicles and other AI systems, while supporting about 3,000 jobs. Approximately 25% of the compute capacity is expected to support Tesla’s projects, with the remainder targeted toward SpaceX-related AI applications. Reuters Terafab announcement
• Positive Sentiment: Investors continued to focus on Tesla’s potential to dominate the U.S. robotaxi market, citing its large vehicle fleet, data collection and Full Self-Driving software. Upcoming European FSD authorization votes in October and November could expand subscriptions and reinforce the autonomy growth story. Reasons Tesla could monopolize robotaxis
• Positive Sentiment: Tesla’s Supercharger network is expected to become available at EVgo stations, improving charging convenience for Tesla owners and potentially increasing the value of its charging ecosystem. Tesla also received support from reported institutional and retail buying, including an increased Czech National Bank position. Superchargers at EVgo stations
• Neutral Sentiment: SpaceX disclosed roughly $295 million of Tesla Megapack purchases during the second quarter, providing a meaningful related-party demand signal for Tesla’s energy-storage business. However, Terafab is expected to rely on natural-gas power plants rather than Tesla solar systems, limiting the immediate benefit to Tesla’s energy segment. SpaceX Megapack purchases
• Negative Sentiment: Tesla’s latest quarterly EPS missed expectations despite stronger-than-anticipated revenue, and the stock remains well below its 50-day and 200-day moving averages. At a very high valuation, investors may demand faster earnings growth to justify spending on Terafab, robotaxis and Optimus.
• Negative Sentiment: Ford’s planned sub-$30,000 Fathom electric pickup could intensify price competition against the Cybertruck. Separately, an FSD user receiving a speeding ticket highlights continuing safety, liability and regulatory risks, while critics argue Tesla’s camera-based autonomy approach may lag systems using lidar. Ford Fathom EV competition

Tesla Stock Performance

Tesla stock opened at $328.58 on Monday. The stock has a 50-day simple moving average of $378.76 and a 200 day simple moving average of $393.46. The stock has a market capitalization of $1.30 trillion, a P/E ratio of 304.24, a PEG ratio of 16.59 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. 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 released 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the company earned $0.33 EPS. Tesla's quarterly revenue was up 25.5% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TSLA shares. Guggenheim initiated coverage on shares of Tesla in a research report on Monday, June 29th. They set a "neutral" rating on the stock. BNP Paribas Exane lowered Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a "buy" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $401.74.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer owned 22,039 shares of the company's stock, valued at $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 available 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 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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