Thomasville National Bank Acquires New Position in Tesla, Inc. $TSLA

Key Points

• Thomasville National Bank bought 1,996 Tesla shares during the second quarter, valued at approximately $840,000. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s growth outlook remains centered on the Cybercab, autonomous driving, Tesla Semi and Model Y L, but delays, robotaxi incidents and regulatory limits pose significant risks to the company’s AI and robotaxi ambitions.
• Tesla reported quarterly revenue of $28.24 billion, exceeding expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. The stock carried a consensus “Hold” rating with an average price target of $401.74, while CFO Vaibhav Taneja sold shares primarily to cover tax obligations.

Thomasville National Bank bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,996 shares of the electric vehicle producer's stock, valued at approximately $840,000.

Several other hedge funds have also modified their holdings of the business. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter worth $26,000. Davidson Capital Management Inc. lifted its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial boosted its holdings in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in Tesla in the third quarter valued at about $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla News Roundup

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.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.

Tesla Price Performance

TSLA stock opened at $345.13 on Friday. The company has a market cap of $1.36 trillion, a PE ratio of 319.57, a price-to-earnings-growth ratio of 17.73 and a beta of 1.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $366.49 and a two-hundred day moving average price of $387.49. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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 during 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 business's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on TSLA shares. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. TD Cowen restated a "buy" rating on shares of Tesla in a report on Friday, August 14th. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Piper Sandler decreased their target price on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.

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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