Tesla, Inc. $TSLA is Azzad Asset Management Inc. ADV's 6th Largest Position

Azzad Asset Management Inc. ADV cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,669 shares of the electric vehicle producer's stock after selling 2,345 shares during the quarter. Tesla makes up about 1.7% of Azzad Asset Management Inc. ADV's investment portfolio, making the stock its 6th biggest position. Azzad Asset Management Inc. ADV's holdings in Tesla were worth $16,977,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PFS Partners LLC raised its stake in Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer's stock valued at $265,000 after purchasing an additional 24 shares during the period. Boltwood Capital Management boosted its stake in Tesla by 1.2% in the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer's stock worth $953,000 after purchasing an additional 25 shares during the period. Woodmont Investment Counsel LLC boosted its stake in Tesla by 1.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer's stock worth $955,000 after purchasing an additional 25 shares during the period. Aspect Partners LLC grew its holdings in Tesla by 12.5% during the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer's stock valued at $101,000 after buying an additional 25 shares in the last quarter. Finally, Human Investing LLC raised its position in shares of Tesla by 4.5% during the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer's stock valued at $260,000 after buying an additional 25 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Tesla Stock Down 2.2%

NASDAQ TSLA opened at $394.11 on Thursday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $293.55 and a 52 week high of $498.83. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 361.57, a PEG ratio of 14.81 and a beta of 1.80. The company has a fifty day moving average of $409.15 and a two-hundred day moving average of $409.76.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company's quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company's stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Guggenheim started coverage on shares of Tesla in a research note on Monday, June 29th. They issued a "neutral" rating on the stock. Sanford C. Bernstein raised shares of Tesla from an "underperform" rating to an "outperform" rating in a report on Friday, June 5th. BNP Paribas Exane lowered Tesla from a "hold" rating to an "underperform" rating in a research report on Friday, June 5th. Finally, Robert W. Baird reduced their target price on Tesla from $538.00 to $522.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $408.52.

Tesla Company 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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