Evanson Financial LLC Makes New $3.78 Million Investment in Tesla, Inc. $TSLA

Evanson Financial LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,989 shares of the electric vehicle producer’s stock, valued at approximately $3,781,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Networth Advisors LLC acquired a new position in Tesla during the 4th quarter worth approximately $26,000. Davidson Capital Management Inc. grew its stake in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the third quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla during the fourth quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla in the 3rd quarter worth $31,000. Institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: $16.8 billion Terafab investment: Tesla and SpaceX formally announced plans to build an advanced AI-chip factory in Texas. Management said approximately 25% of the computing capacity could support Tesla’s Optimus robots, while roughly 75% would serve AI spacecraft and other SpaceX-related needs. The project strengthens Tesla’s long-term robotics and AI narrative, although it also represents substantial capital spending. Reuters Terafab article
• Positive Sentiment: Growing energy-storage demand: SpaceX purchased approximately $295 million of Tesla Megapacks during the second quarter to support AI data centers. Tesla also began producing Megapack 3 batteries at a new Texas facility, providing evidence that its energy business may be expanding faster than its vehicle operations. CNBC Megapack article
• Positive Sentiment: Autonomy and FSD potential: Tesla is pursuing broader European deployment of Full Self-Driving, with approval votes reportedly expected in October or November. Regulatory progress could expand subscription revenue and support the company’s robotaxi valuation case. Barron’s self-driving article
• Neutral Sentiment: Robotaxi expectations are being reset: Recent commentary suggests investors had focused heavily on fleet size and city count, while management may be lowering near-term expectations. Bullish investors view the pullback as a buying opportunity, but the reset could keep the stock volatile until Tesla demonstrates commercial scale.
• Negative Sentiment: China risk is increasing: Reports that Tesla could sell or close its China operations have raised concerns because analysts estimate China represents about 25% of Tesla’s value, including future Optimus and robotaxi opportunities. Losing the market could weaken growth prospects and Tesla’s competitive position against BYD. MarketBeat China article
• Negative Sentiment: Valuation and execution concerns remain: Tesla trades at a very high earnings multiple despite weak profitability, a recent quarterly EPS miss and sharply lower operating performance. Analysts and investors are questioning whether heavy AI, robotics and chip-factory spending will produce returns soon enough to justify the valuation.
• Negative Sentiment: Autonomy competition and legal exposure: Uber, Waymo and Amazon’s Zoox are advancing competing driverless-vehicle platforms, while Tesla is defending a self-driving patent dispute before the Supreme Court. These developments could slow Tesla’s path to robotaxi commercialization or increase regulatory and legal costs.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cantor Fitzgerald reissued 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. Tigress Financial initiated coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. HSBC reiterated a “hold” rating on shares of Tesla in a report on Monday, June 15th. Citizens Jmp initiated coverage on shares of Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $401.74.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Price Performance

TSLA opened at $319.53 on Friday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 295.86, a P/E/G ratio of 15.96 and a beta of 1.83. The firm’s fifty day moving average price is $380.90 and its two-hundred day moving average price is $394.22.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, analysts anticipate that Tesla, Inc. will post 0.89 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.