Tesla, Inc. $TSLA Position Boosted by Pinnacle Wealth Management Advisory Group LLC

Key Points

• Pinnacle Wealth Management increased its Tesla stake by 9.5% in the second quarter to 17,256 shares valued at approximately $7.26 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding obligations related to vested equity awards. Corporate insiders own approximately 19.9% of the company.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and a $412.25 price target. The company beat revenue expectations but missed quarterly EPS estimates, while potential catalysts include its Vietnam expansion, upcoming Roadster reveal and AI5 chip production.

Pinnacle Wealth Management Advisory Group LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,256 shares of the electric vehicle producer's stock after purchasing an additional 1,503 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC's holdings in Tesla were worth $7,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Tesla by 4.6% in the second quarter. NewEdge Advisors LLC now owns 409,932 shares of the electric vehicle producer's stock valued at $172,417,000 after purchasing an additional 18,067 shares in the last quarter. GFG Capital LLC raised its stake in shares of Tesla by 20.3% during the 2nd quarter. GFG Capital LLC now owns 3,780 shares of the electric vehicle producer's stock worth $1,590,000 after purchasing an additional 638 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Tesla during the 2nd quarter worth about $7,680,000. Baird Financial Group Inc. lifted its holdings in shares of Tesla by 1.8% during the 2nd quarter. Baird Financial Group Inc. now owns 322,476 shares of the electric vehicle producer's stock valued at $135,633,000 after buying an additional 5,678 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its holdings in shares of Tesla by 1.3% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 11,141 shares of the electric vehicle producer's stock valued at $4,686,000 after buying an additional 138 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. BTIG Research downgraded Tesla to a "neutral" rating in a report on Friday, June 5th. Wells Fargo & Company reiterated an "underweight" rating and issued a $130.00 target price (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Guggenheim started coverage on shares of Tesla in a research report on Monday, June 29th. They issued a "neutral" rating for the company. Morgan Stanley restated a "reduce" rating on shares of Tesla in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $412.25.

Key Tesla News

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

Tesla Stock Performance

Shares of TSLA opened at $358.08 on Thursday. The company has a market capitalization 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 one year low of $297.38 and a one year high of $498.83. 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's fifty day moving average price is $350.84 and its 200 day moving average price is $380.12.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, analysts expect that Tesla, Inc. will post 0.85 earnings per share for the current year.

Tesla Company Profile

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.