Envestnet Asset Management Inc. Increases Stock Holdings in Tesla, Inc. $TSLA

Envestnet Asset Management Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,405,450 shares of the electric vehicle producer’s stock after purchasing an additional 50,204 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Tesla were worth $591,124,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TSLA. State Street Corp grew its holdings in shares of Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after acquiring an additional 2,761,298 shares during the period. Premier Financial Group purchased a new position in shares of Tesla in the 2nd quarter valued at approximately $773,000. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Tesla during the second quarter valued at approximately $25,000. Bullseye Investment Management LLC bought a new stake in shares of Tesla during the second quarter valued at approximately $336,000. Finally, Smith Chas P & Associates PA Cpas grew its stake in Tesla by 7.8% in the second quarter. Smith Chas P & Associates PA Cpas now owns 1,389 shares of the electric vehicle producer’s stock worth $584,000 after purchasing an additional 100 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as the company considers roughly $25 billion in spending on AI, autonomy and infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla Semi was selected as the primary supplier for a reported 2,500-truck electric fleet order, strengthening the commercial-vehicle growth story and offering a potential source of future revenue beyond passenger cars. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: Investors are anticipating the October 1 Roadster reveal, while Tesla expanded Grok in its vehicles so the assistant can handle tasks such as accessing emails, documents and ordering food. These features reinforce the company’s software and AI ambitions. Tesla Roadster Reveal
• Positive Sentiment: Billionaire investors Stanley Druckenmiller and Ron Baron reportedly view Tesla’s Full Self-Driving and autonomy opportunity as a major part of the investment case, helping sustain enthusiasm for long-term AI-related growth. Investors’ Tesla FSD Thesis
• Neutral Sentiment: Tesla registered a local entity in Vietnam, signaling possible entry into a fast-growing EV market. However, domestic leader VinFast reportedly holds a strong local advantage in market share, charging and service infrastructure. Tesla Makes a Move in Vietnam
• Negative Sentiment: Elon Musk acknowledged that Tesla has still found no automaker willing to license FSD, limiting near-term evidence that autonomy can become a high-margin licensing business. Tesla Has Zero FSD Licensing Takers
• Negative Sentiment: Analysts and commentators continue to flag weak Cybertruck performance, lower delivery expectations and competition from new EV makers. At roughly 352 times earnings, Tesla’s valuation leaves limited room for delays or disappointing execution.

Tesla Stock Up 0.3%

Shares of TSLA traded up $1.22 during trading hours on Wednesday, hitting $380.12. The company had a trading volume of 33,406,048 shares, compared to its average volume of 52,297,203. The stock has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 351.97, a P/E/G ratio of 18.95 and a beta of 1.84. The firm has a fifty day moving average price of $348.44 and a 200-day moving average price of $379.28. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho set a $450.00 price objective on Tesla and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Citigroup reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research note on Friday, August 14th. Finally, Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $412.25.

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.