Tesla, Inc. $TSLA Shares Sold by Hartford Investment Management Co.

Key Points

• Hartford Investment Management reduced its Tesla stake by 2.9% in the second quarter, selling 4,628 shares and retaining 155,635 shares valued at approximately $65.5 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, above expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. The stock trades at a high forward valuation, with a price-to-earnings ratio of about 317.
• Analyst sentiment remains mixed: Tesla has a consensus rating of “Hold” and an average price target of $401.74, while potential catalysts include the planned next-generation Roadster, robotaxis, energy storage and solar expansion.

Hartford Investment Management Co. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 155,635 shares of the electric vehicle producer's stock after selling 4,628 shares during the period. Tesla makes up approximately 1.9% of Hartford Investment Management Co.'s portfolio, making the stock its 10th biggest holding. Hartford Investment Management Co.'s holdings in Tesla were worth $65,460,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of TSLA. Crestwood Advisors Group LLC boosted its stake in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC lifted its holdings in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after buying an additional 2,341 shares in the last quarter. Private Capital Advisors Inc. boosted its position in Tesla by 139.3% in 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 buying an additional 12,417 shares during the period. Wealthquest Corp acquired a new position in shares of Tesla in the fourth quarter worth $1,035,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Tesla by 34.8% during 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 acquiring an additional 16,652 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster
• Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike
• Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating
• Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans
• Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again
• Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns.
• Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report

Tesla Stock Performance

Shares of TSLA stock opened at $342.27 on Friday. The stock's 50-day moving average price is $370.77 and its 200 day moving average price is $390.17. 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 stock has a market capitalization of $1.35 trillion, a PE ratio of 316.92, a price-to-earnings-growth ratio of 17.28 and a beta of 1.83. 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 announced its quarterly earnings data 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 analysts' expectations 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 in the previous year, the company posted $0.33 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a report on Monday, July 27th. Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. William Blair restated a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $500.00 price target on shares of Tesla in a research note on Tuesday, July 28th. Finally, Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $401.74.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

About Tesla

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.

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.

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