West Family Investments Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,985 shares of the electric vehicle producer’s stock, valued at approximately $3,779,000. Tesla accounts for about 1.1% of West Family Investments Inc.’s holdings, making the stock its 11th largest holding.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Marks Group Wealth Management Inc raised its stake in shares of Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after acquiring an additional 25 shares during the period. Clear Trail Advisors LLC boosted its position in Tesla by 1.6% during the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after purchasing an additional 25 shares during the period. Peirce Capital Management LLC increased its holdings in Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after purchasing an additional 25 shares in the last quarter. Brio Consultants LLC raised its position in Tesla by 4.7% in the fourth quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock valued at $259,000 after purchasing an additional 26 shares during the period. Finally, Community Bank & Trust Waco Texas raised its position in Tesla by 1.7% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock valued at $711,000 after purchasing an additional 26 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was 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 directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a filing 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 insiders.
Tesla Stock Down 3.2%
Tesla (NASDAQ:TSLA – Get Free Report) last issued 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TSLA has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Tesla in a research report on Friday, June 5th. They issued a “buy” rating for the company. UBS Group set a $460.00 price target on Tesla in a research report on Thursday, July 23rd. Guggenheim initiated coverage on Tesla in a report on Monday, June 29th. They issued a “neutral” rating for the company. BMO Capital Markets started coverage on shares of Tesla in a research report on Monday, August 17th. They issued an “outperform” rating for the company. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a “hold” rating in a research note on Thursday, July 23rd. One investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $401.74.
Read Our Latest Research Report on TSLA
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s planned Cybercab launch in Austin on September 3 remains the primary bullish catalyst. Texas records show a fleet of 45 purpose-built Cybercabs, alongside 269 Model Ys, suggesting Tesla is moving from concept demonstrations toward an operating robotaxi service. Tesla’s Cybercab Fleet Hits 45 Ahead of Austin Launch
- Positive Sentiment: Tesla said its supervised Full Self-Driving system recorded 4.1 times fewer collisions than manually driven Tesla vehicles across five European countries. The data is intended to support broader European approval, which could expand FSD and future autonomous-driving revenue. Tesla touts European supervised self-driving safety data ahead of EU vote
- Positive Sentiment: Freight operator Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and all 500 trucks in its order by 2027. The timetable provides a clearer commercial-use case for Tesla’s heavy-duty EV program. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
- Positive Sentiment: A U.S. policy aimed at securing the power grid may benefit Tesla’s energy-storage business, giving investors another potential growth avenue beyond vehicles and robotics. Tesla stock investors stand to gain from U.S. power grid
- Neutral Sentiment: August European registrations were mixed: France rose 279% and Denmark 104%, while Norway fell 79% and Portugal declined 36.5% despite overall light-EV registrations growing there. The uneven results reinforce uncertainty around Tesla’s demand trajectory. Tesla’s European registrations mixed in August
- Neutral Sentiment: Tesla raised U.S. Cybertruck prices by $5,000, potentially supporting revenue per vehicle and margins, but the reversal of earlier price cuts also raises questions about demand elasticity.
- Negative Sentiment: Investors appear to be taking profits and reassessing whether Cybercab can justify Tesla’s roughly $1.4 trillion valuation. The stock’s elevated valuation leaves limited room for disappointment, while analysts continue to cite margin pressure and weak cash-flow trends.
- Negative Sentiment: Waymo is challenging Tesla’s “pure end-to-end” autonomy approach, arguing that a sensor mix is necessary for safety. Competition and regulatory scrutiny could slow Tesla’s robotaxi rollout. Waymo goes on offense ahead of Tesla’s Cybercab launch
- Negative Sentiment: An Australian court may grant an independent expert access to Tesla’s internal engineering systems in an Autopilot-related class action, adding legal and disclosure risk. Australian judge floats giving court-appointed expert access to Tesla’s engineering systems
Tesla Company 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.
Featured Articles
- Five stocks we like better than Tesla
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
