Sound Income Strategies LLC Has $11.42 Million Position in Tesla, Inc. $TSLA

Sound Income Strategies LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the 2nd quarter, Holdings Channel reports. The firm owned 27,143 shares of the electric vehicle producer’s stock after buying an additional 1,469 shares during the period. Sound Income Strategies LLC’s holdings in Tesla were worth $11,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Norges Bank bought a new stake in shares of Tesla in the 4th quarter valued at $17,128,100,000. Corient Private Wealth LLC grew its stake in 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 valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Bank of America Corp DE grew its stake in Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares during the period. Cardano Risk Management B.V. increased its holdings in shares of Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after acquiring an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. 66.20% of the stock is owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
• Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
• Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
• Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
• Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
• Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
• Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
• Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
• Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 corporate insiders.

Tesla Stock Down 1.7%

Shares of Tesla stock opened at $345.13 on Friday. The firm has a market cap of $1.36 trillion, a PE ratio of 319.57, a P/E/G ratio of 17.73 and a beta of 1.83. The business’s 50 day simple moving average is $366.49 and its 200 day simple moving average is $387.49. 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, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue was up 25.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSLA shares. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. Glj Research restated a “sell” rating on shares of Tesla in a report on Tuesday. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research note on Friday, August 14th. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla 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.