Tesla, Inc. $TSLA Holdings Raised by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners increased its Tesla holdings by 33.8% in the second quarter, owning 14,307 shares valued at approximately $6.02 million. Institutional investors collectively hold 66.2% of Tesla’s outstanding stock.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $1.05 million to cover tax obligations tied to vested equity awards, reducing his direct ownership by 10.57%.
• Tesla’s stock opened at $351.12, while analysts maintain an average “Hold” rating and a $401.74 price target. The company recently beat revenue expectations but missed quarterly EPS estimates, despite revenue rising 25.5% year over year.

Cary Street Partners Financial LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,307 shares of the electric vehicle producer's stock after buying an additional 3,615 shares during the quarter. Cary Street Partners Financial LLC's holdings in Tesla were worth $6,018,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SilverOak Wealth Management LLC boosted its position in shares of Tesla by 2.3% in the fourth quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer's stock worth $502,000 after buying an additional 25 shares during the period. Boston Trust Walden Corp lifted its position in shares of Tesla by 0.7% in the fourth quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer's stock worth $1,522,000 after purchasing an additional 25 shares in the last quarter. Cape ANN Savings Bank grew its position in Tesla by 2.6% during the fourth quarter. Cape ANN Savings Bank now owns 974 shares of the electric vehicle producer's stock valued at $438,000 after purchasing an additional 25 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in Tesla by 1.7% in 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 during the period. Finally, Clear Trail Advisors LLC lifted its position in Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after buying an additional 25 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. 19.90% of the stock is currently owned by company insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus
• Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet
• Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America
• Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win

Tesla Trading Up 4.2%

NASDAQ TSLA opened at $351.12 on Thursday. The stock has a market capitalization of $1.39 trillion, a P/E ratio of 325.11, a P/E/G ratio of 17.01 and a beta of 1.83. The business has a 50 day simple moving average of $367.57 and a 200 day simple moving average of $388.09. 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, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results 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). The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial set a $370.00 price target on Tesla and gave the company a "hold" rating in a research note on Thursday, July 23rd. Citigroup assumed coverage on Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating on the stock. The Goldman Sachs Group initiated coverage on shares of Tesla in a research report on Friday, June 5th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. Finally, Evercore upgraded shares of Tesla from a "hold" rating to an "outperform" rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $401.74.

Tesla Profile

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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