Tesla, Inc. $TSLA Shares Sold by BayBridge Capital Group LLC

Key Points

• BayBridge Capital Group reduced its Tesla stake by 54.5% during the second quarter, selling 2,094 shares and retaining 1,748 shares valued at approximately $735,000.
• Institutional investors own 66.2% of Tesla, with several major firms—including Geode Capital, Amundi and Corient Private Wealth—adding to their positions.
• Analysts maintain a consensus “Hold” rating with a $412.25 target price. Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, but adjusted earnings of $0.33 per share fell short of the $0.50 consensus estimate.

BayBridge Capital Group LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 54.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,748 shares of the electric vehicle producer's stock after selling 2,094 shares during the quarter. BayBridge Capital Group LLC's holdings in Tesla were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Geode Capital Management LLC lifted its position in Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after purchasing an additional 375,946 shares during the period. Norges Bank acquired a new position in shares of Tesla during the 4th quarter valued at $17,128,100,000. Amundi increased its position in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the period. Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Tesla in the second quarter valued at $8,535,612,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TSLA shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $360.00 target price on shares of Tesla in a research note on Wednesday. Robert W. Baird set a $475.00 price target on shares of Tesla in a report on Monday, July 27th. Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. Piper Sandler initiated coverage on shares of Tesla in a research note on Monday. They issued an "overweight" rating on the stock. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a "hold" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $412.25.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Tesla Price Performance

NASDAQ TSLA opened at $358.08 on Thursday. 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, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a market cap of $1.41 trillion, a PE ratio of 331.56, a PEG ratio of 18.66 and a beta of 1.84. The stock's 50-day moving average price is $350.84 and its two-hundred day moving average price is $380.12.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS 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 analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, analysts predict that Tesla, Inc. will post 0.85 EPS for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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