SBI Securities Co. Ltd. Lowers Stock Position in Tesla, Inc. $TSLA

SBI Securities Co. Ltd. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 258,842 shares of the electric vehicle producer’s stock after selling 3,301 shares during the period. Tesla comprises 2.5% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 9th biggest position. SBI Securities Co. Ltd.’s holdings in Tesla were worth $108,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TSLA. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the third quarter valued at $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the 3rd quarter worth $31,000. Friedenthal Financial increased its holdings in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC bought a new stake in Tesla in the 2nd quarter valued at about $26,000. Finally, Sarver Vrooman Wealth Advisors bought a new stake in Tesla in the 4th quarter valued at about $37,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla’s Robo-Taxi Expansion Takes a Leap Forward
• Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
• Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLA. Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Tuesday, July 21st. Finally, China Renaissance cut their price target on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $401.74.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated 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 sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 corporate insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $348.95 on Tuesday. The company’s 50 day simple moving average is $364.38 and its two-hundred day simple moving average is $386.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The stock has a market capitalization of $1.38 trillion, a PE ratio of 323.10, a P/E/G ratio of 18.32 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last released 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 firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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.