Oppenheimer Asset Management Inc. Purchases New Position in Tesla, Inc. $TSLA

Oppenheimer Asset Management Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,200 shares of the electric vehicle producer’s stock, valued at approximately $25,320,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Crestwood Advisors Group LLC lifted its stake in shares of Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Private Capital Advisors Inc. grew its position in Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the period. Wealthquest Corp bought a new position in Tesla in the fourth quarter worth approximately $1,035,000. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after acquiring an additional 16,652 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its stake in shares of Tesla by 3.0% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer’s stock worth $181,697,000 after acquiring an additional 11,900 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TSLA. Morgan Stanley reduced their price objective on Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. The Goldman Sachs Group assumed coverage on Tesla in a research report on Friday, June 5th. They set a “buy” rating on the stock. DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $485.00 price target (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Finally, Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $401.74.

Tesla Trading Up 2.6%

Shares of Tesla stock opened at $354.81 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market capitalization of $1.40 trillion, a P/E ratio of 328.53, a P/E/G ratio of 17.46 and a beta of 1.83. The company has a fifty day moving average of $361.37 and a 200 day moving average of $385.41.

Tesla (NASDAQ:TSLA) last posted its quarterly 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the business earned $0.33 earnings per share. Tesla’s revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred 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 sale, the chief financial officer 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 Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

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 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.