Tesla, Inc. $TSLA Shares Sold by Hamilton Capital Partners LLC

Key Points

• Hamilton Capital Partners cut its Tesla stake by 22.2% in the second quarter, selling 30,524 shares and retaining 106,769 shares worth approximately $44.9 million. Tesla remains the firm’s second-largest holding and represents 13% of its portfolio.
• Tesla shares opened at $345.13, down 1.7%, while the company’s latest earnings showed mixed results: quarterly revenue rose 25.5% year over year to $28.24 billion but adjusted earnings per share of $0.33 missed estimates of $0.50.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and an average price target of $401.74. CFO Vaibhav Taneja also sold 2,606 shares to cover tax obligations, reducing his stake by 10.57%.

Hamilton Capital Partners LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,769 shares of the electric vehicle producer's stock after selling 30,524 shares during the quarter. Tesla comprises approximately 13.0% of Hamilton Capital Partners LLC's investment portfolio, making the stock its 2nd largest holding. Hamilton Capital Partners LLC's holdings in Tesla were worth $44,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in Tesla in the second quarter valued at approximately $26,000. Davidson Capital Management Inc. grew 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 valued at $27,000 after acquiring an additional 27 shares during the period. Friedenthal Financial lifted its holdings in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the third quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in Tesla during the third quarter worth about $31,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Down 1.7%

TSLA stock opened at $345.13 on Friday. 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 twelve month low of $297.38 and a twelve month high of $498.83. The stock has a market cap of $1.36 trillion, a P/E ratio of 319.57, a PEG ratio of 17.73 and a beta of 1.83. The company's 50 day moving average is $366.49 and its two-hundred day moving average is $387.49.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its 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 firm had revenue of $28.24 billion for 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 firm's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on 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 owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
• Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
• Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
• Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
• Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
• Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
• Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
• Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
• Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSLA. Zacks Research raised shares of Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Truist Financial set a $370.00 price target on Tesla and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Phillip Securities dropped their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $401.74.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source