Waverly Advisors LLC Trims Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Waverly Advisors reduced its Tesla stake by 12.1% in the second quarter, selling 7,973 shares and retaining 58,174 shares valued at approximately $24.5 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s analyst consensus remains “Hold,” with a consensus price target of $414.68; ratings include 22 Buys, 18 Holds, five Sells and one Strong Buy.
• Tesla shares opened at $356.58, while the company’s latest quarterly results showed revenue rising 25.5% year over year to $28.24 billion but adjusted EPS of $0.33 falling short of the $0.50 consensus estimate.

Waverly Advisors LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,174 shares of the electric vehicle producer's stock after selling 7,973 shares during the quarter. Waverly Advisors LLC's holdings in Tesla were worth $24,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its stake in shares of Tesla by 4.4% during the 2nd quarter. Empirical Finance LLC now owns 82,916 shares of the electric vehicle producer's stock worth $34,874,000 after purchasing an additional 3,490 shares during the last quarter. Nykredit A S purchased a new position in shares of Tesla during the second quarter valued at approximately $262,414,000. Parkside Financial Bank & Trust lifted its stake in shares of Tesla by 0.9% during the second quarter. Parkside Financial Bank & Trust now owns 19,941 shares of the electric vehicle producer's stock valued at $8,387,000 after buying an additional 180 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group boosted its position in Tesla by 117.7% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 2,175 shares of the electric vehicle producer's stock worth $915,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Range Advisory LLC grew its stake in Tesla by 91.9% in the 2nd quarter. Range Advisory LLC now owns 12,766 shares of the electric vehicle producer's stock worth $5,369,000 after acquiring an additional 6,112 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 sale, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSLA shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Jefferies Financial Group set a $400.00 target price on Tesla and gave the company a "hold" rating in a research note on Monday, July 13th. Wells Fargo & Company reiterated an "underweight" rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, Evercore upgraded Tesla from a "hold" rating to an "outperform" rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $414.68.

Tesla Trading Down 0.7%

Shares of TSLA opened at $356.58 on Wednesday. The stock has a market cap of $1.41 trillion, a PE ratio of 330.17, a P/E/G ratio of 18.12 and a beta of 1.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock's 50-day moving average is $351.57 and its two-hundred day moving average is $380.48. 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 (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The company's revenue for the quarter was up 25.5% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding beyond autos: Pacific Gas & Electric selected the company for SHARE, a large virtual power plant connecting thousands of residential energy devices. The deal supports Tesla’s energy-storage and grid-services strategy, although investors may view its financial impact as modest initially. Tesla PG&E grid deal
• Positive Sentiment: Tesla reportedly regained roughly 52% of the U.S. EV market through August as Ford and GM reduced their EV efforts. However, Tesla’s own sales were still lower, meaning the share gain appears driven partly by weaker competition rather than accelerating demand. Tesla U.S. EV market share
• Positive Sentiment: Tesla established a Vietnamese subsidiary authorized to import, distribute and sell vehicles, creating a formal entry point into a growing Southeast Asian EV market and potentially diversifying sales beyond China. Tesla Vietnam expansion
• Positive Sentiment: Virtuix said Tesla placed repeat orders for its Omni One Enterprise systems for the Optimus humanoid-robot program, offering an outside indication that Tesla continues developing robotics applications. Elon Musk also says Optimus could ship to customers in 2027, though revenue remains speculative. Tesla Optimus shipment plans
• Neutral Sentiment: Tesla’s October 1 Roadster event is generating significant attention, with Musk hinting at unusually advanced or possible SpaceX-related technology. The reveal could become a catalyst, but the nine-year delay has made investors skeptical until production timing and specifications are demonstrated. Tesla Roadster reveal
• Negative Sentiment: U.S. regulators are questioning whether Tesla properly self-certified the steering-wheel-free Cybercab and whether the vehicle complies with safety standards. The National Highway Traffic Safety Administration wants answers by September 30, raising certification, launch-timing and liability risks. Cybercab certification investigation
• Negative Sentiment: Reports that Cybercab rides can take substantially longer because the vehicles avoid highways reinforce concerns that Tesla’s current robotaxi service is limited and not yet ready for rapid scaling. Commentary has also contrasted Tesla’s rollout with Waymo’s more established operations. Tesla Cybercab rollout
• Negative Sentiment: At a valuation above 300 times earnings, Tesla remains highly dependent on future autonomy, robotics and energy growth. Skepticism over delayed products, competition and execution makes the stock vulnerable when new announcements do not immediately translate into commercial results.

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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