Tesla, Inc. $TSLA Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Tesla stake by 8.1% in the second quarter, selling 69,936 shares and retaining 789,383 shares valued at approximately $332 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• 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.
• TSLA opened at $356.58, while analysts’ average price target is $414.68 and the consensus rating is “Hold.” The stock’s valuation remains elevated at roughly 330 times earnings, leaving it sensitive to execution risks surrounding autonomy, robotics, energy and new vehicle launches.

Corient Private Wealth LP lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 789,383 shares of the electric vehicle producer's stock after selling 69,936 shares during the quarter. Corient Private Wealth LP's holdings in Tesla were worth $332,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Tesla by 0.6% during 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 last quarter. Norges Bank purchased a new stake in Tesla in the fourth quarter valued at $17,128,100,000. Corient Private Wealth LLC boosted its holdings in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Legal & General Group Plc grew its position in Tesla by 5.5% during the 4th quarter. Legal & General Group Plc now owns 20,181,227 shares of the electric vehicle producer's stock worth $9,075,901,000 after purchasing an additional 1,043,213 shares during the period. Finally, Amundi raised its stake 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 buying an additional 2,727,141 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA opened at $356.58 on Wednesday. The firm's fifty day simple moving average is $351.57 and its two-hundred day simple moving average is $380.48. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a market cap of $1.41 trillion, a price-to-earnings ratio of 330.17, a PEG ratio of 18.12 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $26.42 billion. During the same period in the prior year, the firm earned $0.33 EPS. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. Equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding beyond autos: Pacific Gas & Electric selected the company for SHARE, a large virtual power plant connecting thousands of residential energy devices. The deal supports Tesla’s energy-storage and grid-services strategy, although investors may view its financial impact as modest initially. Tesla PG&E grid deal
• Positive Sentiment: Tesla reportedly regained roughly 52% of the U.S. EV market through August as Ford and GM reduced their EV efforts. However, Tesla’s own sales were still lower, meaning the share gain appears driven partly by weaker competition rather than accelerating demand. Tesla U.S. EV market share
• Positive Sentiment: Tesla established a Vietnamese subsidiary authorized to import, distribute and sell vehicles, creating a formal entry point into a growing Southeast Asian EV market and potentially diversifying sales beyond China. Tesla Vietnam expansion
• Positive Sentiment: Virtuix said Tesla placed repeat orders for its Omni One Enterprise systems for the Optimus humanoid-robot program, offering an outside indication that Tesla continues developing robotics applications. Elon Musk also says Optimus could ship to customers in 2027, though revenue remains speculative. Tesla Optimus shipment plans
• Neutral Sentiment: Tesla’s October 1 Roadster event is generating significant attention, with Musk hinting at unusually advanced or possible SpaceX-related technology. The reveal could become a catalyst, but the nine-year delay has made investors skeptical until production timing and specifications are demonstrated. Tesla Roadster reveal
• Negative Sentiment: U.S. regulators are questioning whether Tesla properly self-certified the steering-wheel-free Cybercab and whether the vehicle complies with safety standards. The National Highway Traffic Safety Administration wants answers by September 30, raising certification, launch-timing and liability risks. Cybercab certification investigation
• Negative Sentiment: Reports that Cybercab rides can take substantially longer because the vehicles avoid highways reinforce concerns that Tesla’s current robotaxi service is limited and not yet ready for rapid scaling. Commentary has also contrasted Tesla’s rollout with Waymo’s more established operations. Tesla Cybercab rollout
• Negative Sentiment: At a valuation above 300 times earnings, Tesla remains highly dependent on future autonomy, robotics and energy growth. Skepticism over delayed products, competition and execution makes the stock vulnerable when new announcements do not immediately translate into commercial results.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLA. Truist Financial set a $370.00 target price on Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. Piper Sandler started coverage on Tesla in a report on Monday. They issued an "overweight" rating for the company. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the stock a "hold" rating in a research report on Monday, July 13th. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $414.68.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

About Tesla

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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