SVB Wealth LLC Sells 1,956 Shares of Tesla, Inc. $TSLA

Key Points

• SVB Wealth reduced its Tesla stake by 7.5% in the second quarter, selling 1,956 shares and retaining 24,246 shares valued at approximately $10.2 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, above expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. Shares opened at $358.08, while the stock trades at a very high price-to-earnings ratio of about 331.6.
• Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $412.25. Tesla CFO Vaibhav Taneja also sold shares to cover tax obligations, reducing his ownership by 9.12%.

SVB Wealth LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,246 shares of the electric vehicle producer's stock after selling 1,956 shares during the period. SVB Wealth LLC's holdings in Tesla were worth $10,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. Insight Wealth Partners LLC increased its stake in shares of Tesla by 2.8% in the 2nd quarter. Insight Wealth Partners LLC now owns 2,605 shares of the electric vehicle producer's stock worth $1,096,000 after purchasing an additional 70 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in Tesla by 9.5% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 17,256 shares of the electric vehicle producer's stock valued at $7,258,000 after purchasing an additional 1,503 shares during the period. NewEdge Advisors LLC raised its position in shares of Tesla by 4.6% during the second quarter. NewEdge Advisors LLC now owns 409,932 shares of the electric vehicle producer's stock valued at $172,417,000 after buying an additional 18,067 shares during the last quarter. GFG Capital LLC increased its holdings in Tesla by 20.3% in the 2nd quarter. GFG Capital LLC now owns 3,780 shares of the electric vehicle producer's stock valued at $1,590,000 after acquiring an additional 638 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Tesla in the second quarter worth about $7,680,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Trading Up 0.4%

Shares of NASDAQ TSLA opened at $358.08 on Thursday. 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 simple moving average of $350.84 and a two-hundred day simple moving average of $380.12. The firm has a market cap of $1.41 trillion, a PE ratio of 331.56, a price-to-earnings-growth ratio of 18.66 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Analysts expect that Tesla, Inc. will post 0.85 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Insiders Place Their Bets

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 value 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 $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSLA shares. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research note on Friday, August 14th. Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a "hold" rating in a research report on Thursday, July 23rd. Roth Capital restated a "buy" rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Mizuho set a $450.00 price target on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, William Blair reissued a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $412.25.

About Tesla

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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