WT Wealth Management Buys 3,138 Shares of Tesla, Inc. $TSLA

Key Points

• WT Wealth Management increased its Tesla stake by 39.1% in the second quarter, buying 3,138 additional shares for a total of 11,163 shares valued at approximately $4.7 million. Institutional investors collectively own 66.2% of Tesla.
• Analyst views remain mixed: Tesla has an average “Hold” rating and a consensus price target of $401.74, with targets ranging from $130 to $500. The company exceeded revenue expectations in its latest quarter but missed consensus earnings estimates.
• Tesla’s growth outlook centers on robotaxis, autonomous driving and Semi trucks, while risks include its elevated valuation, a recall of nearly 3 million vehicles in China and concerns surrounding autonomy safety and execution.

WT Wealth Management raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 39.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,163 shares of the electric vehicle producer's stock after purchasing an additional 3,138 shares during the period. Tesla accounts for about 1.3% of WT Wealth Management's portfolio, making the stock its 19th biggest position. WT Wealth Management's holdings in Tesla were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at $26,000. Friedenthal Financial lifted its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter worth $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla during the third quarter worth $31,000. Finally, Sarver Vrooman Wealth Advisors bought a new position in Tesla during the fourth quarter valued at $37,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TSLA shares. Glj Research reissued a "sell" rating on shares of Tesla in a research note on Tuesday, August 18th. 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. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $130.00 price objective (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $401.74.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Tesla Price Performance

NASDAQ:TSLA opened at $362.86 on Monday. The company has a market cap of $1.43 trillion, a price-to-earnings ratio of 335.98, a price-to-earnings-growth ratio of 18.32 and a beta of 1.83. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $365.62 and a 200-day simple moving average of $387.07.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.33 earnings per share. Analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

About Tesla

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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