Eastern Bank Cuts Holdings in Tesla, Inc. $TSLA

Eastern Bank lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 85.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,811 shares of the electric vehicle producer’s stock after selling 10,420 shares during the period. Eastern Bank’s holdings in Tesla were worth $762,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Woodmont Investment Counsel LLC raised its holdings in Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the period. Aspect Partners LLC boosted its stake in Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock worth $101,000 after buying an additional 25 shares during the period. Human Investing LLC increased its position in Tesla by 4.5% during the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after acquiring an additional 25 shares during the last quarter. SilverOak Wealth Management LLC raised its stake in shares of Tesla by 2.3% in the fourth quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after acquiring an additional 25 shares during the period. Finally, Boston Trust Walden Corp raised its stake in shares of Tesla by 0.7% in the fourth quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock valued at $1,522,000 after acquiring an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSLA. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Robert W. Baird set a $475.00 price target on shares of Tesla in a report on Monday, July 27th. Finally, UBS Group set a $460.00 price target 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-one have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $401.74.

Tesla Stock Up 1.6%

Shares of Tesla stock opened at $327.35 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock has a market cap of $1.29 trillion, a price-to-earnings ratio of 303.10, a PEG ratio of 15.98 and a beta of 1.83. The firm’s 50-day moving average is $385.73 and its two-hundred day moving average is $395.88. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

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 return on equity of 3.82% and a net margin of 3.67%.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 previous year, the company posted $0.33 EPS. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a 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 owned by company insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China sales accelerated: Tesla’s July China-made vehicle sales rose 37.8% year over year, marking the ninth consecutive month of growth. The improvement provides evidence that demand in one of Tesla’s most important markets may be stabilizing, despite intensifying competition from BYD. Tesla’s July China-made EV sales rise 37.8% year over year
• Positive Sentiment: Megapack demand is becoming a meaningful commercial relationship: SpaceX reportedly purchased $329 million of Tesla Megapacks during the first half of 2026, including $295 million in the second quarter, for use at xAI data centers. The purchases highlight growth in Tesla’s energy-storage business and create a direct Musk-company customer relationship. SpaceX has bought $329 million worth of Tesla Megapacks
• Positive Sentiment: California incentive participation could help demand: Tesla will participate in a limited California EV rebate program for first-time buyers. The program may improve affordability and support near-term deliveries in a key U.S. market. Tesla confirms participation in California EV program
• Neutral Sentiment: Investors remain focused on AI and autonomy: CEO Elon Musk continues emphasizing robotics, Full Self-Driving and robotaxis, while Tesla’s core revenue still depends heavily on vehicle sales. The strategy could support a higher long-term valuation, but it requires substantial execution and financial proof. Elon Musk emphasizes robots and AI on Tesla earnings calls
• Negative Sentiment: FSD policy could frustrate some owners: Tesla is defending its decision to remove the manual maximum-speed control from Full Self-Driving, arguing that the system should learn driver preferences instead. The change may improve automation over time but risks customer dissatisfaction and renewed scrutiny of FSD reliability. Tesla refuses to restore popular FSD speed control
• Negative Sentiment: Valuation and legal risks remain prominent: With Tesla trading at an exceptionally high earnings multiple, future gains depend heavily on successful robotaxi, FSD and robotics expansion. Separately, multibillion-dollar litigation exposure could pressure results, even though the company has substantial liquidity. Tesla’s multibillion-dollar legal exposure
• Negative Sentiment: China’s strategic importance creates additional uncertainty: Tesla’s Chinese operations could complicate any potential Tesla-SpaceX merger because of U.S. government concerns over SpaceX’s China exposure. Analysts also caution that selling or reducing the China business could damage Tesla’s growth prospects. Tesla’s China footprint complicates possible SpaceX merger

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.