Tesla, Inc. $TSLA Position Lessened by Algert Global LLC

Key Points

• Algert Global LLC cut its Tesla position by 11.8% in the second quarter, selling 2,233 shares and retaining 16,709 shares valued at approximately $7.03 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, beating estimates, but its $0.33 EPS missed the $0.50 consensus forecast. The stock trades at a very high P/E ratio of 327.85, while analysts maintain a consensus “Hold” rating with a $401.74 price target.
• CFO Vaibhav Taneja sold 2,606 shares worth about $1.05 million to cover tax obligations tied to equity awards, reducing his holdings by 10.57%. Tesla is also facing regulatory scrutiny over its Cybercab autonomous-vehicle rollout.

Algert Global LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,709 shares of the electric vehicle producer's stock after selling 2,233 shares during the period. Algert Global LLC's holdings in Tesla were worth $7,028,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Tesla during the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC raised its position in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Tesla in the second quarter valued at approximately $6,083,630,000. Deutsche Bank AG bought a new stake in Tesla in the second quarter worth $4,039,090,000. Finally, Bank of America Corp DE boosted its stake in shares of Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $354.08 on Friday. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. 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 business's fifty day moving average price is $358.22 and its two-hundred day moving average price is $383.10. 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 announced its quarterly earnings results on Thursday, July 23rd. 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 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 company's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSLA shares. Wells Fargo & Company reiterated an "underweight" rating and issued a $130.00 target price (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. Erste Group Bank raised Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. Citigroup reiterated a "market perform" rating on shares of Tesla in a research note on Monday, August 24th. Finally, Barclays increased their price target on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $401.74.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's 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 completion of the sale, the chief financial officer directly owned 22,039 shares of the company's stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

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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