Tesla, Inc. $TSLA Shares Purchased by Pine Ridge Advisers LLC

Key Points

• Pine Ridge Advisers increased its Tesla stake by 85.1% in the first quarter, holding 9,910 shares worth approximately $3.68 million. Hedge funds and institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, beating expectations, but adjusted EPS of $0.33 fell short of the $0.50 consensus. Operating income declined sharply, capital expenditures surged, and free cash flow turned negative, adding pressure to the stock.
• Shares opened at $307.44, well below their 50-day and 200-day moving averages, while Wall Street’s consensus rating remains “Hold” with an average price target of $402.24. Recent analyst targets were generally reduced, and insiders sold more than $12.3 million of stock over the past 90 days.

Pine Ridge Advisers LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 85.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,910 shares of the electric vehicle producer's stock after buying an additional 4,555 shares during the quarter. Pine Ridge Advisers LLC's holdings in Tesla were worth $3,684,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TSLA. Networth Advisors LLC acquired a new stake in shares of Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in Tesla in the 2nd quarter valued at about $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the last quarter. Friedenthal Financial lifted its holdings in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. acquired a new stake in shares of Tesla during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock opened at $307.44 on Wednesday. The firm has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 284.67, a price-to-earnings-growth ratio of 15.80 and a beta of 1.80. The company has a 50 day moving average price of $396.79 and a 200 day moving average price of $400.44. Tesla, Inc. has a one year low of $297.82 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. 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 company had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 0.9 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated 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 owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,015 shares of company stock valued at $12,383,640 over the last 90 days. 19.90% of the stock is currently owned by insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla won permission to revive a U.K. lawsuit involving InterDigital and a patent-licensing platform. The case could help Tesla secure licensing terms for connected vehicles using 5G technology, although it is not a final legal victory. Tesla wins bid to revive UK lawsuit for 5G patents licence
• Positive Sentiment: Long-term power-purchase agreements in Arizona and Texas should provide Tesla with additional renewable electricity and battery capacity, supporting its energy-storage and AI infrastructure ambitions. Tesla to buy power from Arizona solar project
• Positive Sentiment: Some analysts remain highly bullish: Wedbush reiterated a $600 target based on potential growth from full self-driving, Optimus and other AI businesses, while ARK Invest continued buying Tesla shares during the selloff. These views provide support but depend on substantial future execution. Wedbush issues $600 Tesla price target
• Neutral Sentiment: Technical commentary says TSLA is deeply oversold after its extended decline, creating the possibility of a short-term rebound. However, oversold conditions do not resolve the company’s fundamental profitability and execution concerns. Tesla turns most oversold in over a year
• Negative Sentiment: Tesla’s quarterly revenue exceeded expectations, but adjusted EPS was $0.33 versus a $0.50 consensus estimate. Operating income fell 57% to roughly $400 million, while capital expenditures surged 142% year over year and free cash flow turned negative. The combination of weaker margins and heavier spending is the primary reason for the post-earnings selloff.
• Negative Sentiment: Reports say Tesla delayed a major growth timeline, intensifying concerns that robotaxis, humanoid robots and AI-related businesses may take longer to commercialize. Elon Musk has acknowledged “substantial” challenges, weakening confidence in the near-term growth narrative. Tesla delays biggest growth story
• Negative Sentiment: Investors also face intense EV competition, including BYD’s improving performance and planned humanoid-robot launch. With Tesla still trading at a very high earnings multiple despite deteriorating automotive profitability, analysts warn that the stock leaves little room for execution mistakes.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSLA. Piper Sandler cut their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $485.00 price target (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. TD Cowen restated a "buy" rating and set a $460.00 price objective (down from $490.00) on shares of Tesla in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $402.24.

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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