Laidlaw Wealth Management LLC Acquires New Stake in Tesla, Inc. $TSLA

Laidlaw Wealth Management LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,611 shares of the electric vehicle producer’s stock, valued at approximately $1,519,000. Tesla comprises 4.3% of Laidlaw Wealth Management LLC’s holdings, making the stock its 5th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter worth about $26,000. Friedenthal Financial grew its position in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in Tesla during the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX bought a new stake in Tesla during the 3rd quarter valued at about $31,000. Finally, Harborfront Financial Group LLC purchased a new position in Tesla in the second quarter worth about $34,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.

Trending Headlines about Tesla

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 Stock Up 5.4%

TSLA opened at $376.36 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $358.73 and a 200-day moving average price of $383.30. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 348.48, a PEG ratio of 18.02 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last issued its 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Tesla in a research note on Friday, August 14th. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. HSBC reiterated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Finally, The Goldman Sachs Group initiated coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating for the company. 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 given a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $401.74.

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.