Bryn Mawr Trust Advisors LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 7,939 shares of the electric vehicle producer’s stock, valued at approximately $3,339,000.
Several other large investors have also recently bought and sold shares of the business. Crestwood Advisors Group LLC lifted its holdings in Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares during the last quarter. Private Capital Advisors Inc. increased its holdings in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after purchasing an additional 12,417 shares during the period. Wealthquest Corp acquired a new position in Tesla in the 4th quarter valued at $1,035,000. Knights of Columbus Asset Advisors LLC lifted its position in Tesla by 34.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after purchasing an additional 16,652 shares during the period. Finally, Varma Mutual Pension Insurance Co boosted its position 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 in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.
Key Tesla News
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 Price Performance
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (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 analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Equities analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.
Analyst Upgrades and Downgrades
TSLA has been the subject of a number of research analyst reports. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the stock a “hold” rating in a research note on Monday, July 13th. Guggenheim started coverage on Tesla in a report on Monday, June 29th. They set a “neutral” rating for the company. BMO Capital Markets began coverage on shares of Tesla in a research note on Monday, August 17th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price target (down from $510.00) on shares of Tesla 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. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $401.74.
Check Out Our Latest Report on Tesla
Insider Transactions at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 corporate insiders.
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.
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