M1 Capital Management LLC Acquires Shares of 5,254 Tesla, Inc. $TSLA

M1 Capital Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,254 shares of the electric vehicle producer’s stock, valued at approximately $2,210,000. Tesla makes up about 0.8% of M1 Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares during the last quarter. Norges Bank bought a new stake in shares of Tesla in the 4th quarter worth $17,128,100,000. Amundi raised its stake in shares of Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab service expanded in Austin. Tesla has begun offering driverless rides in its purpose-built, two-seat Cybercab, which reportedly has no steering wheel or pedals. The launch provides a tangible demonstration of Elon Musk’s autonomy strategy and could support a future robotaxi network. Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
• Positive Sentiment: Commercial ecosystem is beginning to form. Tesla is soliciting businesses interested in purchasing Cybercab fleets or supplying charging and other infrastructure, suggesting ambitions beyond operating a small pilot fleet. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: Potential regulatory progress and product support. France has started testing Tesla’s Full Self-Driving technology, while the Model Y L reportedly received a better-than-expected EPA range rating. These developments could improve Tesla’s autonomy credibility and vehicle appeal. France starts tests on Tesla’s self-driving tech
• Neutral Sentiment: The launch remains largely a promise until Tesla demonstrates scale. The Austin event was private and details on production volumes, pricing, operating economics and broad availability remain limited. Morgan Stanley has warned that a small initial fleet could disappoint investors.
• Negative Sentiment: Competition, safety and valuation risks remain substantial. Waymo is ahead in U.S. robotaxi operations, while Tesla’s FSD faces renewed scrutiny after a reported fatal Illinois crash. At roughly $1.49 trillion in market value and a very high earnings multiple, TSLA requires strong autonomous-vehicle execution to justify its valuation. Tesla keeps hyping robotaxis as its future
• Negative Sentiment: Core automotive and energy concerns persist. European sales were mixed, China sales growth slowed, Cybertruck demand has disappointed, and Tesla reportedly stopped taking Solar Roof orders. These issues reinforce investor concerns that the autonomy narrative is compensating for weaker established businesses.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the company a “hold” rating in a research report on Monday, July 13th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Phillip Securities dropped their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the company a “buy” rating in a report on Monday, August 3rd. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $401.74.

Tesla Stock Up 5.4%

NASDAQ TSLA opened at $376.36 on Friday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week 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 company has a market capitalization of $1.49 trillion, a P/E ratio of 348.48, a price-to-earnings-growth ratio of 18.02 and a beta of 1.84. The stock’s 50-day moving average price is $358.73 and its 200-day moving average price is $383.30.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue was up 25.5% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current 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.