Osbon Capital Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,995 shares of the electric vehicle producer’s stock, valued at approximately $1,260,000. Tesla comprises about 1.0% of Osbon Capital Management LLC’s holdings, making the stock its 18th largest holding.
Other institutional investors have also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new position in Tesla in the third quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the 3rd quarter valued at about $31,000. Friedenthal Financial grew its holdings in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the period. Chapman Financial Group LLC acquired a new stake in Tesla during the 2nd quarter worth approximately $26,000. Finally, Harborfront Financial Group LLC purchased a new position in Tesla in the second quarter valued at approximately $34,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on TSLA shares. Erste Group Bank raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Thursday, July 23rd. Barclays upped their price target on shares of Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. BMO Capital Markets started coverage on Tesla in a research report on Monday, August 17th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley restated a “mixed” rating on shares of Tesla in a research note on Wednesday. One 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $401.74.
Tesla Price Performance
Shares of TSLA stock opened at $354.08 on Friday. The firm has a fifty day simple moving average of $358.22 and a 200-day simple moving average of $383.10. The company has a market capitalization of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. 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 during 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 business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
- Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
- Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
- Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
- Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update
Insider Activity at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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.
Tesla 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.
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