Vantage Point Financial LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,867 shares of the electric vehicle producer’s stock, valued at approximately $785,000.
A number of other large investors have also modified their holdings of the business. Turning Point Benefit Group Inc. acquired a new position in Tesla during the third quarter worth $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the third quarter valued at $31,000. Friedenthal Financial boosted its position in shares of Tesla by 66.7% during the 1st 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. Chapman Financial Group LLC acquired a new position in shares of Tesla during the 2nd quarter worth $26,000. Finally, Harborfront Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $34,000. 66.20% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
- Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
- Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines
Tesla Stock Performance
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Equities research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently commented on TSLA shares. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $130.00 target price (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. BMO Capital Markets began coverage on Tesla in a research note on Monday, August 17th. They set an “outperform” rating on the stock. The Goldman Sachs Group initiated coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Roth Capital reaffirmed a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $401.74.
Read Our Latest Research 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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