Tesla, Inc. $TSLA Shares Sold by CrossGen Wealth LLC

Key Points

• CrossGen Wealth LLC cut its Tesla stake by 80.7% in the second quarter, selling 1,500 shares and retaining 358 shares valued at approximately $151,000. Institutional investors collectively own 66.2% of Tesla.
• Tesla has several potential growth catalysts, including approval to expand its Las Vegas robotaxi fleet to as many as 5,000 vehicles, a planned Cybercab launch in Austin, and reported plans for a Nevada Semi factory. However, Cybertruck price increases, a recall of about 2.98 million vehicles in China, and energy-business execution concerns present notable risks.
• Tesla’s shares opened at $350.25, while the stock carries a high valuation of roughly 324 times earnings. The company exceeded revenue expectations in its latest quarter but missed on EPS, and analysts maintain a consensus “Hold” rating with a $401.74 target price.

CrossGen Wealth LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 80.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358 shares of the electric vehicle producer's stock after selling 1,500 shares during the quarter. CrossGen Wealth LLC's holdings in Tesla were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSLA. Crestwood Advisors Group LLC raised its position in shares of Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Private Capital Advisors Inc. boosted its position in Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock valued at $9,593,000 after purchasing an additional 12,417 shares during the period. Wealthquest Corp bought a new position in Tesla during the 4th quarter worth $1,035,000. Knights of Columbus Asset Advisors LLC increased its position in Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock worth $28,998,000 after buying an additional 16,652 shares during the period. Finally, Varma Mutual Pension Insurance Co increased its position in Tesla by 3.0% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer's stock worth $181,697,000 after buying an additional 11,900 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla’s expansion of its Las Vegas robotaxi fleet from 10 vehicles to as many as 5,000. The authorization materially increases Tesla’s potential operating scale, although actual deployment and regulatory compliance remain key challenges. Nevada robotaxi fleet approval
• Positive Sentiment: Tesla plans to launch Cybercabs in Austin on September 3 and expects to deploy 2,500 robotaxis during 2026. The event gives investors a near-term catalyst for evaluating Tesla’s autonomous-driving technology and commercialization plans. Tesla Cybercab Austin launch
• Positive Sentiment: Heavy purchases of long-dated Tesla call options indicate that some traders are positioning for substantial future appreciation, reinforcing the bullish narrative around robotaxis, artificial intelligence and robotics. Options activity is not a guarantee of fundamental demand. Tesla call options activity
• Neutral Sentiment: Tesla reportedly plans to open a Nevada Semi truck factory next month, adding a potential growth avenue beyond passenger EVs. Separately, SpaceX’s accelerated launch and orbital data-center plans could benefit Elon Musk’s broader ecosystem, but they do not directly change Tesla’s financial results. Tesla Semi factory plans
• Negative Sentiment: Tesla raised prices on two Cybertruck trims by $5,000, with the base version near $75,000 and higher versions reportedly reaching $85,000. The increases may offset material and component inflation, but reports of sharply weaker sales raise concerns that higher prices could further limit demand. Cybertruck price increase
• Negative Sentiment: Tesla faces a recall covering roughly 2.98 million vehicles in China over hidden door-handle safety concerns. A software remedy could contain costs, but the recall adds reputational and regulatory risk in a crucial market. Tesla China recall
• Negative Sentiment: Tesla has stopped selling Solar Roof tiles and is shifting toward conventional panels, raising questions about execution in its energy business. Investors are also monitoring reports of another senior chip-engineering departure and competition from Chinese automakers developing in-house autonomous-driving chips.
• Negative Sentiment: At roughly 324 times earnings, Tesla’s valuation leaves little room for disappointment. Skepticism over the timing of Cybercab and Optimus commercialization, along with comparisons showing Tesla underperforming other major technology stocks, continues to weigh on the risk-reward profile.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TSLA shares. DZ Bank upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. HSBC reiterated a "hold" rating on shares of Tesla in a research report on Monday, June 15th. Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research report on Friday, June 5th. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Robert W. Baird set a $475.00 price target on Tesla in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $401.74.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of TSLA opened at $350.25 on Wednesday. The firm has a market capitalization of $1.38 trillion, a PE ratio of 324.31, a P/E/G ratio of 17.62 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $363.29 and a 200 day moving average price of $386.16. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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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