Tesla, Inc. $TSLA Shares Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its Tesla stake by 27.3% in the second quarter, bringing its holdings to 144,986 shares valued at approximately $61 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but earnings per share of $0.33 fell short of the $0.50 analyst consensus. The stock opened at $358.08, while analysts maintained an average “Hold” rating and a $412.25 target price.
• Potential catalysts include Tesla’s expansion into Vietnam, an anticipated October 1 Roadster reveal, and trial production of its AI5 processor by Samsung. CFO Vaibhav Taneja separately sold shares to cover tax obligations tied to vested equity awards.

Sequoia Financial Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 27.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,986 shares of the electric vehicle producer's stock after acquiring an additional 31,090 shares during the period. Sequoia Financial Advisors LLC's holdings in Tesla were worth $60,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. MCF Advisors LLC lifted its holdings in shares of Tesla by 7.5% during the second quarter. MCF Advisors LLC now owns 6,114 shares of the electric vehicle producer's stock valued at $2,572,000 after purchasing an additional 425 shares during the last quarter. Bienville Capital Management LLC increased its stake in Tesla by 4.7% in the 2nd quarter. Bienville Capital Management LLC now owns 19,401 shares of the electric vehicle producer's stock worth $8,160,000 after purchasing an additional 864 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in Tesla by 3.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,328 shares of the electric vehicle producer's stock worth $2,662,000 after buying an additional 218 shares during the period. National Pension Service boosted its holdings in shares of Tesla by 2.2% in the second quarter. National Pension Service now owns 6,022,001 shares of the electric vehicle producer's stock worth $2,532,854,000 after buying an additional 131,341 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in shares of Tesla by 3,451.2% in the second quarter. WINTON GROUP Ltd now owns 20,455 shares of the electric vehicle producer's stock worth $8,603,000 after buying an additional 19,879 shares during the period. 66.20% of the stock is currently owned by institutional investors.

More 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

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm'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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 owned by insiders.

Tesla Price Performance

Shares of TSLA opened at $358.08 on Thursday. 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 cap of $1.41 trillion, a PE ratio of 331.56, a PEG ratio of 18.66 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm's 50 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 for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Mizuho set a $450.00 price target on shares of Tesla and gave the company an "outperform" rating in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $360.00 price objective on shares of Tesla in a research report on Wednesday. Barclays boosted their target price on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. Robert W. Baird set a $475.00 target price on Tesla in a research report on Monday, July 27th. Finally, UBS Group set a $460.00 price target on Tesla in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $412.25.

Tesla 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.

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