OneAscent Family Office LLC Takes Position in Tesla, Inc. $TSLA

OneAscent Family Office LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,081 shares of the electric vehicle producer’s stock, valued at approximately $1,716,000. Tesla comprises approximately 0.9% of OneAscent Family Office LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other large investors also recently modified their holdings of the stock. OneAscent Financial Services LLC bought a new stake in Tesla during the second quarter worth $7,747,000. Greenspring Advisors LLC bought a new stake in shares of Tesla in the 2nd quarter worth $2,046,000. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Tesla by 18.9% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 246,012 shares of the electric vehicle producer’s stock valued at $103,472,000 after purchasing an additional 39,182 shares during the last quarter. TRU Independence Asset Management 2 LLC purchased a new stake in shares of Tesla in the second quarter valued at about $437,000. Finally, AlpenGlobal Capital LLC bought a new position in shares of Tesla during the second quarter valued at about $14,936,000. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 5.4%

Shares of TSLA stock opened at $376.36 on Friday. The company has a 50 day moving average of $358.73 and a 200-day moving average of $383.30. 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, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a market cap of $1.49 trillion, a P/E ratio of 348.48, a PEG ratio of 18.02 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS 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 during the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter 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. Sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $475.00 price objective on shares of Tesla in a research report on Monday, July 27th. Stifel Nicolaus set a $491.00 target price on Tesla and gave the stock a “buy” rating in a research note on Monday, August 3rd. Barclays upped their target price on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. TD Cowen reiterated a “buy” rating on shares of Tesla in a report on Friday, August 14th. Finally, Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $401.74.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
• Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla’s self-driving tech
• Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
• Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
• Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.

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.