Tesla, Inc. $TSLA Stock Position Cut by Amundi

Key Points

• Amundi reduced its Tesla position by 9.5% in the second quarter, selling 2.12 million shares. Despite the cut, it still held 20.06 million shares worth approximately $8.44 billion, representing 2.0% of its portfolio.
• Analyst sentiment is mixed, with Tesla receiving an average “Hold” rating and an average price target of $414.68. Ratings include 22 Buys, 18 Holds, five Sells and one Strong Buy.
• Tesla shares opened at $356.58, while the company’s latest quarterly results showed revenue growth of 25.5% year over year but earnings per share of $0.33, below the $0.50 consensus estimate. CFO Vaibhav Taneja also sold shares to cover tax withholding obligations.

Amundi lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,058,846 shares of the electric vehicle producer's stock after selling 2,116,038 shares during the quarter. Tesla accounts for 2.0% of Amundi's portfolio, making the stock its 8th biggest holding. Amundi owned 0.51% of Tesla worth $8,436,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marks Group Wealth Management Inc grew its holdings in Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer's stock valued at $680,000 after purchasing an additional 25 shares during the period. Clear Trail Advisors LLC increased its stake in Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock worth $605,000 after buying an additional 25 shares in the last quarter. Peirce Capital Management LLC raised its holdings in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after acquiring an additional 25 shares during the period. Community Bank & Trust Waco Texas raised its holdings in Tesla by 1.7% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer's stock valued at $711,000 after acquiring an additional 26 shares during the period. Finally, WealthTrust Axiom LLC lifted its position in shares of Tesla by 1.6% in the fourth quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer's stock valued at $733,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSLA. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the company a "hold" rating in a report on Monday, July 13th. TD Cowen restated a "buy" rating on shares of Tesla in a research report on Friday, August 14th. BMO Capital Markets started coverage on shares of Tesla in a research note on Monday, August 17th. They set an "outperform" rating for the company. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane downgraded Tesla from a "hold" rating to an "underperform" rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average target price of $414.68.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm'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 of the company's stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Tesla Stock Down 0.7%

Shares of TSLA opened at $356.58 on Wednesday. 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, 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 PE ratio of 330.17, a P/E/G ratio of 18.12 and a beta of 1.84. The business has a fifty day moving average of $351.57 and a 200 day moving average of $380.48.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

Key Stories Impacting Tesla

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.

Tesla Company Profile

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.

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.