Turner Financial Group Inc. Takes Position in Tesla, Inc. $TSLA

Key Points

• Turner Financial Group acquired 37,311 Tesla shares worth approximately $15.7 million in the second quarter, making Tesla its largest portfolio holding at 15.7%. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but its $0.33 EPS missed expectations of $0.50. Shares opened at $365.44, while analysts’ average rating remained Hold with a $414.68 price target.
• The company’s long-term outlook includes the planned European launch of its Semi truck and potential robotaxi, Full Self-Driving and Optimus growth, but investors face risks from declining China sales, regulatory scrutiny of autonomous-driving features, compressed margins and Tesla’s high valuation.

Turner Financial Group Inc. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,311 shares of the electric vehicle producer's stock, valued at approximately $15,693,000. Tesla accounts for about 15.7% of Turner Financial Group Inc.'s investment portfolio, making the stock its biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the second quarter valued at about $26,000. Friedenthal Financial increased its position in shares of 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 acquiring an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the third quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the 3rd quarter valued at approximately $31,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla in the second quarter valued at $34,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

TSLA opened at $365.44 on Monday. The stock's fifty day moving average is $353.71 and its 200-day moving average is $381.26. The company has a market capitalization of $1.44 trillion, a PE ratio of 338.37, a P/E/G ratio of 18.45 and a beta of 1.84. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction 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 sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Analyst Ratings Changes

A number of research analysts have commented on TSLA shares. Truist Financial set a $370.00 target price on Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. Guggenheim initiated coverage on Tesla in a report on Monday, June 29th. They set a "neutral" rating for the company. BTIG Research cut Tesla to a "neutral" rating in a research report on Friday, June 5th. Piper Sandler cut their price target on Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Finally, HSBC restated a "hold" rating on shares of Tesla in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $414.68.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla confirmed that its long-delayed Semi electric truck will enter Europe, with customer deliveries expected to begin in 2027. Morgan Stanley argues that high diesel prices could improve the economics of electric heavy-duty trucks and create a large new market for Tesla. Tesla eyes European freight market with long-delayed Semi truck
• Positive Sentiment: The Semi announcement strengthens Tesla’s longer-term growth narrative beyond passenger vehicles. Investors are also focused on possible future catalysts from robotaxis, Full Self-Driving software and Optimus robotics, although these businesses have yet to demonstrate large-scale profitability. How Tesla could transform trucking
• Neutral Sentiment: Tesla’s Cybercab pilot in Austin and recent Optimus demonstrations are sustaining investor interest in artificial intelligence and autonomous services. However, analysts and investors continue to debate whether Tesla can scale robotaxis profitably and compete with Waymo. Tesla opinions on Optimus and robotaxi innovations
• Negative Sentiment: China remains a significant pressure point. Tesla’s August sales reportedly fell about 26% year over year despite the launch of the Model Y Performance, marking another monthly decline amid intense competition from BYD and other domestic manufacturers. Tesla launches Model Y Performance in China
• Negative Sentiment: House lawmakers are seeking federal action after videos appeared to show drivers asleep while using Autopilot or Full Self-Driving. Additional scrutiny could slow autonomous-service expansion and increase legal, regulatory and reputational risks. House Democrat urges US action over sleeping Tesla drivers
• Negative Sentiment: Investors remain concerned about Tesla’s valuation and profitability: operating margins have reportedly fallen to 1.4%, free cash flow turned negative, and China discounts could support deliveries while further reducing margins. The stock’s premium valuation leaves limited room for execution disappointments.
• Neutral Sentiment: CFO Vaibhav Taneja sold shares to cover tax withholding on vested equity awards. While the transaction may attract attention, it was not described as a discretionary investment sale and therefore provides limited insight into management’s outlook. Vaibhav Taneja sells Tesla shares

Tesla 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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