Wellington Grp LLC Raises Stake in Tesla, Inc. $TSLA

Key Points

• Wellington Group increased its Tesla stake by 30.8% in the second quarter, acquiring 2,882 additional shares for a total of 12,241 shares valued at approximately $5.15 million.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but its $0.33 earnings per share missed analysts’ $0.50 consensus estimate.
• Analyst sentiment remains mixed: Tesla has an average rating of “Hold” and an average price target of $414.68, while the stock was trading near $356.58 with a valuation above 300 times earnings.

Wellington Grp LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,241 shares of the electric vehicle producer's stock after acquiring an additional 2,882 shares during the quarter. Tesla accounts for approximately 1.3% of Wellington Grp LLC's holdings, making the stock its 18th biggest holding. Wellington Grp LLC's holdings in Tesla were worth $5,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in Tesla in the fourth quarter worth $17,128,100,000. Corient Private Wealth LLC increased its holdings in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the period. Legal & General Group Plc bought a new stake in shares of Tesla in the 2nd quarter valued at about $8,535,612,000. Bank of New York Mellon Corp purchased a new stake in Tesla during the 2nd quarter valued at about $6,083,630,000. Finally, Deutsche Bank AG bought a new position in Tesla during the 2nd quarter worth approximately $4,039,090,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $356.58 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm's fifty day simple moving average is $351.57 and its 200 day simple moving average is $380.48. The stock has a market cap of $1.41 trillion, a P/E ratio of 330.17, a price-to-earnings-growth ratio of 18.12 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion during 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 company's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Sanford C. Bernstein raised shares of Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. Barclays increased their price target on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. Finally, BTIG Research lowered shares of Tesla to a "neutral" rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $414.68.

Key Headlines Impacting Tesla

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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