The Manufacturers Life Insurance Company Cuts Holdings in Tesla, Inc. $TSLA

Key Points

• The Manufacturers Life Insurance Company reduced its Tesla stake by 4.2%, selling 95,438 shares and retaining 2.16 million shares valued at approximately $907.8 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $412.25. JPMorgan lowered its target to $445, while Piper Sandler initiated coverage with an “overweight” rating.
• Tesla faces competing pressures, including weaker delivery expectations, price cuts in China, negative free cash flow, and regulatory scrutiny of the Cybercab. CFO Vaibhav Taneja also sold shares worth about $938,499 to cover tax obligations related to vested equity awards.

The Manufacturers Life Insurance Company lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,158,459 shares of the electric vehicle producer's stock after selling 95,438 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Tesla worth $907,843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Friedenthal Financial lifted its stake in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Harborfront Financial Group LLC acquired a new position in Tesla during the 2nd quarter worth approximately $34,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $37,000. Montgomery Financial Services LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at $40,000. Finally, Lam Group Inc. acquired a new stake in shares of Tesla in the 1st quarter valued at $37,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on TSLA. Piper Sandler assumed coverage on shares of Tesla in a research note on Monday. They set an "overweight" rating for the company. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price target on Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Erste Group Bank raised Tesla from a "sell" rating to a "hold" rating in a research report on Friday, June 5th. Finally, Guggenheim started coverage on Tesla in a report on Monday, June 29th. They issued a "neutral" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $412.25.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value 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. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla will operate public Megacharger sites at three Forum Mobility electric-truck depots in California, adding 30 megawatts of charging capacity. More than 330 Tesla Semis are reportedly committed at one site, providing potential support for Tesla’s commercial-vehicle and charging businesses. Tesla taps Forum Mobility for California electric-truck charging stations
• Positive Sentiment: Investors continue to focus on the potential expansion of Tesla’s robotaxi network, artificial-intelligence platform, and humanoid-robot efforts. Reports pointing to record deliveries and robotaxi availability in seven cities helped reinforce the long-term growth narrative, despite Tesla’s current execution challenges. Tesla Stock Has a Potential Catalyst Wall Street Can’t Ignore
• Positive Sentiment: The upcoming October 1 Roadster reveal is another near-term catalyst, with Elon Musk promising a highly differentiated vehicle. Tesla has also established a small formal foothold in Vietnam, potentially opening access to a growing EV market. Elon Musk Says Excitement Is Guaranteed at Tesla Roadster Reveal
• Neutral Sentiment: Tesla generated negative $1.1 billion in free cash flow last quarter as Musk increased spending on robotaxis and Optimus. The $43.5 billion cash balance provides a substantial cushion, but investors will want evidence that these investments can eventually produce returns. Tesla Posted Negative $1.1 Billion in Free Cash Flow Last Quarter
• Negative Sentiment: Goldman Sachs cut its third-quarter delivery forecast to 435,000 vehicles, citing weaker demand across China, the United States, and Europe. Tesla is also cutting prices in China, highlighting competitive pressure and possible margin risk.
• Negative Sentiment: NHTSA is demanding sworn answers to 21 questions by September 30 about the Cybercab’s safety certification, including its lack of steering wheel and pedals. Regulators could require controls to be added, creating delay and cost risks while rivals such as Waymo expand their robotaxi operations. How Serious Is the Regulatory Threat Now Facing Tesla’s Cybercab?
• Negative Sentiment: BYD’s record sales, Tesla’s slower robotaxi progress, and its elevated valuation leave little room for disappointment. Analysts warn that a busy product calendar may not satisfy investors unless it translates into stronger deliveries, profitability, and dependable autonomy revenue.

Tesla Trading Up 2.3%

NASDAQ TSLA opened at $366.20 on Friday. The firm's fifty day moving average price is $350.04 and its 200 day moving average price is $379.87. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 339.08, a price-to-earnings-growth ratio of 18.08 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the firm earned $0.33 earnings per share. Tesla's revenue was up 25.5% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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.

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