EverSource Wealth Advisors LLC Lowers Stock Position in Tesla, Inc. $TSLA

EverSource Wealth Advisors LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,299 shares of the electric vehicle producer’s stock after selling 5,185 shares during the quarter. Tesla makes up 1.2% of EverSource Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. EverSource Wealth Advisors LLC’s holdings in Tesla were worth $34,195,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $26,000. Friedenthal Financial boosted its position in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla in the third quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the third quarter valued at approximately $31,000. Finally, Sarver Vrooman Wealth Advisors acquired a new position in shares of Tesla during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla’s expansion of its Las Vegas robotaxi fleet from 10 vehicles to as many as 5,000. The authorization materially increases Tesla’s potential operating scale, although actual deployment and regulatory compliance remain key challenges. Nevada robotaxi fleet approval
• Positive Sentiment: Tesla plans to launch Cybercabs in Austin on September 3 and expects to deploy 2,500 robotaxis during 2026. The event gives investors a near-term catalyst for evaluating Tesla’s autonomous-driving technology and commercialization plans. Tesla Cybercab Austin launch
• Positive Sentiment: Heavy purchases of long-dated Tesla call options indicate that some traders are positioning for substantial future appreciation, reinforcing the bullish narrative around robotaxis, artificial intelligence and robotics. Options activity is not a guarantee of fundamental demand. Tesla call options activity
• Neutral Sentiment: Tesla reportedly plans to open a Nevada Semi truck factory next month, adding a potential growth avenue beyond passenger EVs. Separately, SpaceX’s accelerated launch and orbital data-center plans could benefit Elon Musk’s broader ecosystem, but they do not directly change Tesla’s financial results. Tesla Semi factory plans
• Negative Sentiment: Tesla raised prices on two Cybertruck trims by $5,000, with the base version near $75,000 and higher versions reportedly reaching $85,000. The increases may offset material and component inflation, but reports of sharply weaker sales raise concerns that higher prices could further limit demand. Cybertruck price increase
• Negative Sentiment: Tesla faces a recall covering roughly 2.98 million vehicles in China over hidden door-handle safety concerns. A software remedy could contain costs, but the recall adds reputational and regulatory risk in a crucial market. Tesla China recall
• Negative Sentiment: Tesla has stopped selling Solar Roof tiles and is shifting toward conventional panels, raising questions about execution in its energy business. Investors are also monitoring reports of another senior chip-engineering departure and competition from Chinese automakers developing in-house autonomous-driving chips.
• Negative Sentiment: At roughly 324 times earnings, Tesla’s valuation leaves little room for disappointment. Skepticism over the timing of Cybercab and Optimus commercialization, along with comparisons showing Tesla underperforming other major technology stocks, continues to weigh on the risk-reward profile.

Tesla Stock Up 0.4%

Shares of NASDAQ:TSLA opened at $350.25 on Wednesday. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The stock has a market cap of $1.38 trillion, a P/E ratio of 324.31, a PEG ratio of 17.62 and a beta of 1.83. The business has a fifty day moving average of $363.29 and a two-hundred day moving average of $386.16. 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 (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue was up 25.5% compared to the same quarter last year. On average, research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TSLA shares. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on shares of Tesla in a research report on Monday, July 27th. BMO Capital Markets initiated coverage on shares of Tesla in a report on Monday, August 17th. They set an “outperform” rating on the stock. Guggenheim initiated coverage on shares of Tesla in a research report on Monday, June 29th. They issued a “neutral” rating on the stock. Finally, Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $401.74.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’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. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 owned by insiders.

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.