AA Financial Advisors LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,641 shares of the electric vehicle producer's stock after selling 1,475 shares during the period. Tesla accounts for 1.2% of AA Financial Advisors LLC's portfolio, making the stock its 18th largest position. AA Financial Advisors LLC's holdings in Tesla were worth $10,364,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares in the last quarter. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the 3rd quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Tesla Trading Up 4.2%
Tesla stock opened at $351.12 on Thursday. The firm has a market cap of $1.39 trillion, a price-to-earnings ratio of 325.11, a price-to-earnings-growth ratio of 17.01 and a beta of 1.83. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm's 50 day moving average price is $367.57 and its two-hundred day moving average price is $388.09. 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 released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The business's revenue was up 25.5% compared to the same quarter last year. On average, research analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TSLA shares. Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating on the stock. Zacks Research raised Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Tuesday. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, President Capital upped their price objective on Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus price target of $401.74.
Get Our Latest Stock Analysis on Tesla
Insider Transactions at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, June 8th. The shares were 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 directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus
- Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet
- Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America
- Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win
Tesla Company Profile
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Free Report)
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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