SBI Securities Co. Ltd. Sells 3,301 Shares of Tesla, Inc. $TSLA

Key Points

• SBI Securities reduced its Tesla position by 1.3%, selling 3,301 shares and retaining 258,842 shares valued at approximately $108.9 million. Tesla represents about 2.5% of the firm’s portfolio.
• Tesla shares opened at $348.95, down 3.8%, while the company reported quarterly revenue of $28.24 billion that exceeded estimates but earnings per share of $0.33 missed expectations.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and an average price target of $401.74; institutional investors own 66.2% of the company.

SBI Securities Co. Ltd. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 258,842 shares of the electric vehicle producer's stock after selling 3,301 shares during the quarter. Tesla makes up about 2.5% of SBI Securities Co. Ltd.'s portfolio, making the stock its 9th largest holding. SBI Securities Co. Ltd.'s holdings in Tesla were worth $108,869,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Tesla in the fourth quarter worth approximately $17,128,100,000. Corient Private Wealth LLC increased its position in 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 valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Bank of America Corp DE lifted its position in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its position in shares of Tesla by 882.8% in the 4th 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 period. Finally, H&H International Investment LLC acquired a new stake in shares of Tesla during the first quarter worth $1,267,259,000. Institutional investors own 66.20% of the company's stock.

Tesla Stock Down 3.8%

Shares of NASDAQ TSLA opened at $348.95 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a 50-day moving average price of $364.38 and a 200-day moving average price of $386.56. The stock has a market capitalization of $1.38 trillion, a P/E ratio of 323.10, a P/E/G ratio of 18.32 and a beta of 1.83. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results 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 company 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 business earned $0.33 EPS. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. On average, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on TSLA shares. BTIG Research cut shares of Tesla to a "neutral" rating in a research report on Friday, June 5th. Wells Fargo & Company restated an "underweight" rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. Roth Capital reaffirmed a "buy" rating and set a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $401.74.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla's Robo-Taxi Expansion Takes a Leap Forward
• Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
• Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2

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 transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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