UNIVEST FINANCIAL Corp purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,908 shares of the electric vehicle producer's stock, valued at approximately $2,906,000.
Several other large investors also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at about $26,000. Friedenthal Financial grew its holdings 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 purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Tesla in the third quarter worth approximately $30,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla in the third quarter valued at approximately $31,000. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of Tesla during the 4th quarter valued at $37,000. Institutional investors own 66.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on TSLA shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $485.00 target price (down from $510.00) on shares of Tesla 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. BTIG Research downgraded Tesla to a "neutral" rating in a research report on Friday, June 5th. Robert W. Baird set a $475.00 target price on Tesla in a research note on Monday, July 27th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Tesla in a report on Friday, August 14th. One equities 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 stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus price target of $401.74.
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Tesla Trading Up 5.5%
TSLA opened at $367.95 on Tuesday. The business has a 50 day simple moving average of $359.59 and a two-hundred day simple moving average of $384.52. The firm has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 340.70, a PEG ratio of 17.61 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. 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 company had revenue of $28.24 billion for 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%. Tesla's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Anticipation is building for Tesla’s Cybercab event in Austin, where the company is expected to showcase a two-seat autonomous vehicle without a steering wheel or pedals. Investors are treating the event as a potential catalyst for Tesla’s robotaxi strategy and future revenue growth. Tesla Cybercab launch article
- Positive Sentiment: Reports that Tesla has begun production of its Optimus humanoid robot, along with updates involving artificial intelligence and Grok, reinforced the bull case that Tesla is becoming more than an electric-vehicle manufacturer. Optimus and Grok updates
- Positive Sentiment: Tesla’s potential expansion of solar production with SpaceX and a reported large Texas chip-making facility added to optimism around its energy, computing and AI infrastructure ambitions. Texas chip facility report
- Positive Sentiment: Higher crude oil prices and renewed geopolitical concerns revived the possibility that expensive gasoline could improve consumer interest in electric vehicles. Tesla also plans to raise prices on certain Cybertruck models, potentially supporting revenue per vehicle. Oil prices and Tesla shares
- Neutral Sentiment: Speculation that Tesla could resume accepting Bitcoin payments resurfaced after Bitcoin mining reportedly surpassed Elon Musk’s earlier clean-energy threshold. No policy change has been confirmed, so the near-term stock impact is uncertain. Tesla Bitcoin payments report
- Negative Sentiment: Investors remain concerned that Tesla’s roughly $25 billion 2026 capital budget, including spending on Optimus and robotaxis, could pressure cash flow if commercialization is delayed. Analysts also warn that autonomy may become a commodity, limiting Tesla’s eventual market share and valuation upside. Tesla investment risks
- Negative Sentiment: A failed reported Robotaxi ride and Tesla’s decision to discontinue Solar Roof sales highlight execution and product-adoption risks, although the company is shifting toward conventional solar panels and energy storage. Tesla Solar Roof decision
Insider Activity at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.
About Tesla
(
Free Report)
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.
Further Reading
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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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