Gateway Investment Advisers LLC Decreases Holdings in Tesla, Inc. $TSLA

Gateway Investment Advisers LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,717 shares of the electric vehicle producer’s stock after selling 2,842 shares during the quarter. Tesla comprises approximately 1.8% of Gateway Investment Advisers LLC’s portfolio, making the stock its 10th biggest holding. Gateway Investment Advisers LLC’s holdings in Tesla were worth $180,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TSLA. Davidson Capital Management Inc. raised its position in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the 3rd quarter valued at about $31,000. Friedenthal Financial increased its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Chapman Financial Group LLC purchased a new position in shares of Tesla during the 2nd quarter valued at about $26,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
• Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
• Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
• Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
• Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
• Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
• Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
• Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
• Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.

Tesla Stock Down 1.7%

NASDAQ TSLA opened at $345.13 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 capitalization of $1.36 trillion, a PE ratio of 319.57, a PEG ratio of 17.73 and a beta of 1.83. The business’s 50-day moving average is $366.49 and its 200 day moving average is $387.49.

Tesla (NASDAQ:TSLA) last announced 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). 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 quarter in the prior year, the company earned $0.33 EPS. Tesla’s revenue was up 25.5% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. Citigroup assumed coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Piper Sandler reduced their target price on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Finally, Truist Financial set a $370.00 price target on Tesla and gave the stock a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently 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 company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This 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 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.

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.