Veratis Advisors Inc. Buys Shares of 2,435 Tesla, Inc. $TSLA

Veratis Advisors Inc. purchased a new stake 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 and Exchange Commission. The institutional investor purchased 2,435 shares of the electric vehicle producer's stock, valued at approximately $1,024,000. Tesla comprises about 0.7% of Veratis Advisors Inc.'s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Wealthquest Corp purchased a new stake in shares of Tesla during the fourth quarter worth $1,035,000. Private Capital Advisors Inc. lifted its holdings in Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock worth $9,593,000 after purchasing an additional 12,417 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock worth $28,998,000 after purchasing an additional 16,652 shares in the last quarter. Canada Post Corp Registered Pension Plan grew its holdings in Tesla by 26.6% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 70,955 shares of the electric vehicle producer's stock valued at $31,910,000 after buying an additional 14,900 shares in the last quarter. Finally, Cascade Financial Partners LLC increased its holdings in Tesla by 866.8% during the 4th quarter. Cascade Financial Partners LLC now owns 207,999 shares of the electric vehicle producer's stock worth $93,541,000 after acquiring an additional 186,485 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA stock opened at $354.08 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84. The firm's fifty day moving average is $358.22 and its 200 day moving average is $382.85. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). 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 quarter in the previous year, the company earned $0.33 earnings per share. The business's quarterly revenue was up 25.5% on a year-over-year basis. Research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSLA shares. Morgan Stanley reissued a "mixed" rating on shares of Tesla in a research note on Wednesday. Jefferies Financial Group set a $400.00 target price on shares of Tesla and gave the company a "hold" rating in a research note on Monday, July 13th. Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, July 23rd. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, Phillip Securities decreased their price target on shares of Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a report on Wednesday, May 13th. One research 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. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average 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.

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