Tesla, Inc. $TSLA Shares Bought by Wedbush Fund Advisers LLC

Key Points

• Wedbush Fund Advisers increased its Tesla stake by 17% in the second quarter, purchasing 18,067 additional shares to reach 124,425 shares valued at approximately $52.3 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s Cybercab rollout in Austin signals progress on its autonomous-vehicle strategy, but an NHTSA audit of roughly 1,000 vehicles could delay commercialization and raise compliance concerns.
• Tesla reported quarterly revenue of $28.24 billion, above estimates, but earnings per share of $0.33 missed expectations. With a PE ratio near 328, analysts maintain a consensus “Hold” rating and an average price target of $401.74.

Wedbush Fund Advisers LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,425 shares of the electric vehicle producer's stock after purchasing an additional 18,067 shares during the quarter. Tesla makes up approximately 4.6% of Wedbush Fund Advisers LLC's holdings, making the stock its 5th largest holding. Wedbush Fund Advisers LLC's holdings in Tesla were worth $52,333,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Marks Group Wealth Management Inc grew its stake in Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock worth $680,000 after acquiring an additional 25 shares during the period. Clear Trail Advisors LLC increased its stake in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock valued at $605,000 after purchasing an additional 25 shares during the last quarter. Peirce Capital Management LLC lifted its position in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock worth $697,000 after buying an additional 25 shares during the period. Brio Consultants LLC boosted its stake in Tesla by 4.7% in the 4th quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer's stock worth $259,000 after buying an additional 26 shares during the last quarter. Finally, Community Bank & Trust Waco Texas grew its holdings in Tesla by 1.7% in the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock valued at $711,000 after buying an additional 26 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Key Stories 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 Price Performance

TSLA opened at $354.08 on Monday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm has a 50 day moving average price of $358.22 and a 200 day moving average price of $382.85. 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 company has a market cap of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84.

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 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 analyst estimates of $26.42 billion. During the same period last year, the firm earned $0.33 earnings per share. The company's quarterly revenue was up 25.5% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Friday, June 5th. Wells Fargo & Company restated 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. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research report on Friday, August 14th. Jefferies Financial Group set a $400.00 price target on shares of Tesla and gave the company a "hold" rating in a report on Monday, July 13th. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $401.74.

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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