Van Hulzen Asset Management LLC Cuts Holdings in Tesla, Inc. $TSLA

Key Points

• Van Hulzen Asset Management cut its Tesla stake by 61.7% in the second quarter, selling 50,264 shares and retaining 31,256 shares valued at approximately $13.1 million. Hedge funds and other institutions still own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax obligations tied to vested equity awards; insiders retain a 19.9% ownership stake.
• Tesla’s latest quarterly revenue rose 25.5% year over year to $28.24 billion but EPS of $0.33 missed estimates of $0.50. Analysts maintain a consensus “Hold” rating with an average price target of $412.25.

Van Hulzen Asset Management LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 61.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,256 shares of the electric vehicle producer's stock after selling 50,264 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Tesla were worth $13,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after purchasing an additional 375,946 shares during the last quarter. Norges Bank bought a new position in shares of Tesla during the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC raised its holdings in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc boosted its stake in Tesla by 5.5% in the fourth quarter. Legal & General Group Plc now owns 20,181,227 shares of the electric vehicle producer's stock worth $9,075,901,000 after buying an additional 1,043,213 shares in the last quarter. Finally, Amundi grew its position in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

Tesla Trading Up 0.4%

NASDAQ TSLA opened at $358.08 on Thursday. The stock has a market cap of $1.41 trillion, a P/E ratio of 331.56, a price-to-earnings-growth ratio of 18.66 and a beta of 1.84. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The stock has a 50 day simple moving average of $350.84 and a two-hundred day simple moving average of $380.12. 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 posted its 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same period last year, the firm posted $0.33 earnings per share. Tesla's quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 0.85 earnings per share for the current year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TSLA shares. Barclays boosted their price objective on shares of Tesla from $360.00 to $370.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. BMO Capital Markets initiated coverage on shares of Tesla in a research report on Monday, August 17th. They issued an "outperform" rating on the stock. HSBC reissued a "hold" rating on shares of Tesla in a research note on Monday, June 15th. DZ Bank upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a "hold" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average price target of $412.25.

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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