Tesla, Inc. $TSLA Shares Bought by Lavelle Capital LP

Key Points

• Lavelle Capital increased its Tesla stake by 30.8% in the second quarter, adding 21,601 shares to reach 91,628 shares valued at approximately $38.5 million. Tesla now represents 16.6% of the firm’s portfolio.
• Institutional investors own 66.2% of Tesla, while analysts maintain a consensus “Hold” rating with an average price target of $401.74, despite a mix of Buy, Hold and Sell recommendations.
• Tesla’s latest quarter showed revenue growth of 25.5% year over year to $28.24 billion, but adjusted EPS of $0.33 missed estimates of $0.50. The stock traded near $362.86 and carried a very high PE ratio of 335.98.

Lavelle Capital LP grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 30.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,628 shares of the electric vehicle producer's stock after acquiring an additional 21,601 shares during the period. Tesla accounts for 16.6% of Lavelle Capital LP's investment portfolio, making the stock its biggest holding. Lavelle Capital LP's holdings in Tesla were worth $38,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Crestwood Advisors Group LLC boosted its position in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Wealthquest Corp bought a new position in shares of Tesla in the fourth quarter valued at approximately $1,035,000. Private Capital Advisors Inc. lifted its stake in shares of Tesla by 139.3% in the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock worth $9,593,000 after buying an additional 12,417 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock worth $28,998,000 after buying an additional 16,652 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its holdings in shares of Tesla by 3.0% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer's stock worth $181,697,000 after buying an additional 11,900 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSLA shares. Morgan Stanley dropped their target price on shares of Tesla from $417.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. HSBC reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 15th. JPMorgan Chase & Co. cut their price objective on Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Piper Sandler lowered their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Finally, Phillip Securities cut their price target on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average target price of $401.74.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $362.86 on Monday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The firm has a market capitalization of $1.43 trillion, a PE ratio of 335.98, a PEG ratio of 18.32 and a beta of 1.83. The business's 50 day moving average is $365.62 and its 200-day moving average is $387.07. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

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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