Tesla, Inc. $TSLA is Perennial Investment Advisors LLC's 9th Largest Position

Key Points

• Perennial Investment Advisors reduced its Tesla position by 2.8% to 93,847 shares, worth approximately $39.5 million. Tesla remains the firm’s ninth-largest holding and represents 2.6% of its portfolio.
• Analyst sentiment is mixed: Tesla has an average “Hold” rating and a consensus price target of $401.74, with ratings ranging from “Strong Buy” to “Sell.”
• Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, but adjusted earnings of $0.33 per share missed estimates of $0.50. The stock trades at a very high P/E ratio of 327.85.

Perennial Investment Advisors LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,847 shares of the electric vehicle producer's stock after selling 2,753 shares during the period. Tesla comprises approximately 2.6% of Perennial Investment Advisors LLC's investment portfolio, making the stock its 9th biggest position. Perennial Investment Advisors LLC's holdings in Tesla were worth $39,472,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Turning Point Benefit Group Inc. acquired a new position in Tesla in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the third quarter valued at approximately $31,000. Friedenthal Financial increased its position in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 30 shares in the last quarter. Chapman Financial Group LLC acquired a new position in shares of Tesla during the 2nd quarter worth approximately $26,000. Finally, Harborfront Financial Group LLC acquired a new position in shares of Tesla during the 2nd quarter worth approximately $34,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSLA. Phillip Securities dropped their price target on shares of Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research note on Wednesday, May 13th. Wells Fargo & Company restated an "underweight" rating and set a $130.00 price objective (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. BNP Paribas Exane downgraded shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Mizuho set a $450.00 target price on shares of Tesla and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Finally, Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a "hold" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Tesla has an average rating of "Hold" and an average target price of $401.74.

Tesla Stock Performance

Shares of TSLA stock opened at $354.08 on Tuesday. The stock's fifty day moving average is $357.06 and its two-hundred day moving average is $382.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 327.85, a PEG ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 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 period in the previous year, the company earned $0.33 EPS. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

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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