Quantum Financial Partners LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,231 shares of the electric vehicle producer’s stock, valued at approximately $1,359,000.
Several other large investors have also recently modified their holdings of the stock. Crestwood Advisors Group LLC raised its position in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC boosted its position in shares of Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. grew its stake in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the last quarter. Wealthquest Corp bought a new position in shares of Tesla during the fourth quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in shares of Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after buying an additional 16,652 shares during the period. Institutional investors own 66.20% of the company’s stock.
Tesla Trading Up 5.1%
Shares of NASDAQ TSLA opened at $362.86 on Friday. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm has a market cap of $1.43 trillion, a PE ratio of 335.98, a price-to-earnings-growth ratio of 17.43 and a beta of 1.83. The business has a fifty day simple moving average of $365.62 and a two-hundred day simple moving average of $387.31. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.
Tesla News Summary
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
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 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 the SEC website. 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.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on TSLA shares. Morgan Stanley dropped their price objective on Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. China Renaissance reduced their target price on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. BTIG Research lowered shares of Tesla to a “neutral” rating in a research note on Friday, June 5th. Barclays upped their price target on shares of Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, President Capital raised their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $401.74.
View Our Latest Report on Tesla
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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