Tesla, Inc. $TSLA Shares Sold by Fortitude Advisory Group L.L.C.

Key Points

• Fortitude Advisory Group reduced its Tesla stake by 35.1% in the second quarter, selling 2,109 shares and retaining 3,892 shares valued at approximately $1.64 million.
• Despite Fortitude’s sale, institutional ownership remains substantial at 66.2%, with Norges Bank, Corient Private Wealth, Legal & General, Bank of New York Mellon and Deutsche Bank among major holders.
• Tesla’s latest quarterly results exceeded revenue expectations but missed analysts’ EPS estimate; the stock’s consensus analyst rating is “Hold,” with an average price target of $414.68 versus a reported price of $358.97.

Fortitude Advisory Group L.L.C. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 35.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,892 shares of the electric vehicle producer's stock after selling 2,109 shares during the period. Fortitude Advisory Group L.L.C.'s holdings in Tesla were worth $1,637,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Tesla in the 4th quarter valued at $17,128,100,000. Corient Private Wealth LLC grew its position in Tesla by 3,205.5% during 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 buying an additional 20,810,386 shares during the period. Legal & General Group Plc acquired a new stake in Tesla during the second quarter valued at $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla in the second quarter valued at $6,083,630,000. Finally, Deutsche Bank AG acquired a new position in shares of Tesla in the second quarter worth about $4,039,090,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is reportedly preparing to enter Vietnam through a newly registered subsidiary authorized to import, distribute and sell vehicles. The move opens a potential growth market in Southeast Asia. Tesla sets up Vietnam unit, registration filing shows
• Positive Sentiment: Tesla has regained approximately 52% of the U.S. EV market through August as Ford, GM and other traditional automakers scale back their electric-vehicle efforts. However, Tesla’s own sales reportedly remain lower year over year, limiting the significance of the share gain. Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat
• Positive Sentiment: CEO Elon Musk says Tesla could ship as many as one million Optimus humanoid robots in 2027. Repeat orders from Tesla for Virtuix’s Omni One Enterprise systems, used in the Optimus program, provide some evidence of ongoing development, although revenue estimates remain highly speculative. Elon Musk Says Optimus Will Ship to Customers in 2027
• Positive Sentiment: Tesla confirmed an October 1 unveiling for its long-delayed next-generation Roadster, potentially featuring SpaceX-related thruster technology. The event could renew attention around Tesla’s product pipeline, but investors may want production timing rather than another prototype demonstration. Tesla Roadster reveal date
• Neutral Sentiment: A software update will allow supervised FSD to intervene and steer when an imminent collision is detected, even if the driver has not enabled full self-driving. The feature could improve safety, but expanded vehicle intervention may also increase regulatory and liability scrutiny. Tesla active safety software update
• Negative Sentiment: Musk endorsed Anthropic CEO Dario Amodei’s call for caution or a slowdown in AI development. Investors viewed the comments as complicating Tesla’s narrative that AI, autonomy and robotics will drive substantial future value. Tesla Stock Drops as Musk Adds to the Chorus of AI Concern
• Negative Sentiment: Reports and commentary raised concerns about Cybercab execution, intensifying competition in China, Tesla’s declining quarterly deliveries and alleged lack of transparency surrounding a fatal Arizona crash involving automated-driving technology. These issues add to regulatory, reputational and commercialization risks. Tesla Cybercab analysis

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale 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 company insiders.

Tesla Stock Performance

NASDAQ:TSLA opened at $358.97 on Tuesday. The company has a market cap of $1.42 trillion, a P/E ratio of 332.38, a P/E/G ratio of 18.45 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company's 50-day moving average price is $352.49 and its 200-day moving average price is $380.90. 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 (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSLA. Truist Financial set a $370.00 target price on Tesla and gave the company a "hold" rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a report on Monday, July 27th. UBS Group set a $460.00 price objective on Tesla in a report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a "hold" rating in a research report on Monday, July 13th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $414.68.

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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