E20 Capital Ltd Purchases New Holdings in Tesla, Inc. $TSLA

E20 Capital Ltd purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 26,231 shares of the electric vehicle producer’s stock, valued at approximately $9,751,000. Tesla comprises approximately 0.9% of E20 Capital Ltd’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors also recently modified their holdings of the company. Networth Advisors LLC acquired a new position in shares of Tesla in the fourth quarter valued at $26,000. Chapman Financial Group LLC bought a new stake in Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. increased its holdings in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Friedenthal Financial raised its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla produced its 10 millionth electric vehicle, a milestone that reinforces the company’s manufacturing scale and long-term position in the EV market. Tesla made its 10 millionth EV
• Positive Sentiment: Global EV sales accelerated in the second quarter, particularly in countries affected by higher gasoline prices. Tesla could benefit from stronger international demand alongside BYD. Tesla and BYD Ride Global EV Boom
• Positive Sentiment: Reports highlighting the safety performance of Tesla’s supervised Full Self-Driving system in Europe support the company’s autonomy strategy, although regulatory and commercial hurdles remain. Tesla’s European Full Self-Driving Supervised
• Positive Sentiment: ARK Invest’s Cathie Wood reportedly bought approximately $53.5 million of Tesla shares after the selloff, signaling continued confidence in robotaxis, Optimus and AI-related growth. Cathie Wood Bought Tesla Stock

Tesla Trading Up 3.5%

Shares of TSLA stock opened at $308.85 on Friday. The company has a market capitalization of $1.22 trillion, a P/E ratio of 285.97, a P/E/G ratio of 14.80 and a beta of 1.80. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. 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 $392.23 and a 200 day moving average price of $398.52.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the company posted $0.33 earnings per share. Tesla’s quarterly revenue was up 25.5% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Tesla from $417.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Roth Capital restated a “buy” rating and set a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday. UBS Group set a $460.00 price objective on Tesla in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $402.24.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s 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 completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 company insiders.

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.