Tesla, Inc. $TSLA Shares Purchased by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors increased its Tesla stake by 16.5% in the second quarter, purchasing 5,414 additional shares for a total of 38,300 shares valued at approximately $16.1 million.
• Institutional investors own about 66.2% of Tesla’s outstanding shares, while analyst sentiment remains mixed: the stock has an average “Hold” rating and an average price target of $401.74.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. Shares opened at $354.08, with a market capitalization of roughly $1.40 trillion.

Pure Financial Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,300 shares of the electric vehicle producer's stock after buying an additional 5,414 shares during the quarter. Tesla comprises about 0.2% of Pure Financial Advisors LLC's holdings, making the stock its 28th largest position. Pure Financial Advisors LLC's holdings in Tesla were worth $16,109,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TSLA. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter worth about $26,000. Friedenthal Financial raised its holdings in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla in the third quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla in the 3rd quarter valued at approximately $31,000. Finally, Harborfront Financial Group LLC acquired a new position in Tesla during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Citizens Jmp assumed coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating for the company. BNP Paribas Exane lowered Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Roth Capital reiterated a "buy" rating and issued a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. Finally, Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $401.74.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $354.08 on Tuesday. The firm 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 50 day simple moving average is $357.06 and its 200-day simple moving average is $382.45. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during 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 business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

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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