Everett Harris & Co. CA Buys Shares of 2,799 Tesla, Inc. $TSLA

Everett Harris & Co. CA bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,799 shares of the electric vehicle producer’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Turning Point Benefit Group Inc. purchased a new stake in Tesla during the 3rd quarter worth approximately $30,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the third quarter worth $31,000. Friedenthal Financial grew its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth $26,000. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Tesla in the fourth quarter valued at $37,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s official Robotaxi account announced longer service hours and a larger unsupervised fleet, with expansion beyond Austin and Miami. Broader deployment would provide evidence that Tesla is moving from autonomous-driving promises toward a commercial network, while the Cybercab remains a potential long-term catalyst. Tesla Stock Is Trending Higher Today: What’s Happening?
• Positive Sentiment: Tesla reportedly began production of Optimus humanoid robots at its Fremont facility. The milestone strengthens the robotics investment case, although meaningful revenue and margin benefits may take time to emerge. Optimus Just Entered Production at Fremont
• Positive Sentiment: Tesla scheduled a September 24 event for the Semi, highlighting autonomous trucking as a potentially significant future sales driver. Tesla Announces Semi Event for September 24
• Positive Sentiment: Strong Nvidia results improved sentiment toward AI-related companies, potentially supporting Tesla’s AI-compute and Full Self-Driving training narrative. Tesla also denied reports that it was scaling back FSD work or shutting its Shanghai data center. Why Nvidia Earnings Matter for Tesla Stock
• Neutral Sentiment: Waymo’s planned robo-taxi expansion into Germany underscores Tesla’s leadership opportunity but also intensifies competition in autonomous driving. Rivian’s driver-assistance system reportedly trails Tesla in point-to-point performance, although the gap is narrowing.
• Negative Sentiment: Tesla discontinued Solar Roof sales, raising fresh concerns about execution and the breadth of its energy strategy. Tesla Quietly Kills Solar Roof Tiles
• Negative Sentiment: Cybertruck prices rose by as much as $5,000 despite sluggish demand. Higher prices could support per-unit profitability but risk further limiting sales. Tesla also lost a senior AI-chip engineer, highlighting competition for specialized talent. Tesla Hikes Cybertruck Prices
• Negative Sentiment: Analysts and commentators continue to flag Tesla’s very high valuation, shrinking margins, negative free cash flow, Chinese competition and reliance on unproven robotaxi and robotics revenue. A large China recall also adds regulatory and product-quality risk.

Tesla Price Performance

Shares of TSLA opened at $354.81 on Friday. 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 cap of $1.40 trillion, a PE ratio of 328.53, a price-to-earnings-growth ratio of 17.46 and a beta of 1.83. The firm has a fifty day moving average price of $361.37 and a 200 day moving average price of $385.41.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. BNP Paribas Exane cut Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. lowered their price objective on Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $401.74.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were 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 approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 currently owned by corporate insiders.

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.