United Bank Buys New Shares in Tesla, Inc. $TSLA

United Bank purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,516 shares of the electric vehicle producer's stock, valued at approximately $638,000.

Other hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter valued at about $26,000. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the 3rd quarter worth about $31,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. Roth Capital restated a "buy" rating and issued a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. Phillip Securities dropped their price objective on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research report on Wednesday, May 13th. Stifel Nicolaus set a $491.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Monday, August 3rd. UBS Group set a $460.00 target price on shares of Tesla in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of "Hold" and a consensus price target of $401.74.

Tesla Trading Up 0.3%

NASDAQ TSLA opened at $357.01 on Thursday. The company's fifty day simple moving average is $358.71 and its 200-day simple moving average is $383.59. The stock has a market cap of $1.41 trillion, a P/E ratio of 330.57, a PEG ratio of 17.98 and a beta of 1.84. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Equities research analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab and robotaxi optimism: Tesla has registered 45 purpose-built Cybercabs in Texas, adding credibility to its planned autonomous ride-hailing rollout. Investors are looking for evidence that the vehicle can scale commercially and generate high-margin software or mobility revenue. Tesla's Cybercab Fleet Hits 45 Ahead of Austin Launch
• Positive Sentiment: Potential energy-business tailwind: New U.S. power-grid policy restricting certain Chinese equipment could benefit Tesla’s energy-storage operations, providing an additional growth avenue beyond vehicles. Tesla stock investors stand to gain from U.S. power grid
• Positive Sentiment: Commercial vehicle opportunity: Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and 500 by 2027, giving investors a clearer timeline for a potentially meaningful commercial-vehicle business. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
• Neutral Sentiment: Event expectations are elevated: Morgan Stanley maintained a Hold rating and a $400 price target, warning that a limited initial Cybercab fleet could trigger a selloff. The event must demonstrate more than a prototype—particularly safety, regulatory progress, production capacity and a credible launch schedule. Tesla Cybercab Momentum Balanced by Execution Risks
• Negative Sentiment: Sales momentum is uneven: China-made EV sales rose only 3.6% year over year in August, sharply slower than July. European registrations were mixed, with major declines in markets including Norway, Sweden, Spain and Portugal despite strong gains in France and Denmark. Tesla's China-made EV sales extend growth streak, but momentum fades
• Negative Sentiment: Autonomy and valuation concerns remain: A reported fatal Illinois crash has renewed scrutiny of Tesla’s FSD technology, while Waymo and Zoox are expanding robotaxi services. Analysts and commentators also question whether Tesla’s roughly $1.4 trillion valuation is justified given pressured margins, slowing growth and a PE ratio above 300. Tesla's FSD Faces Fresh Scrutiny After Fatal Illinois Crash
• Negative Sentiment: Solar retrenchment: Tesla stopped taking Solar Roof orders and has not reported solar deployment figures since late 2023, reinforcing concerns that some non-automotive initiatives are being deprioritized. Tesla Stopped Reporting Solar Numbers 10 Quarters Ago

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

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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