2,524 Shares in Tesla, Inc. $TSLA Bought by Patron Partners LLC

Patron Partners LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 2,524 shares of the electric vehicle producer’s stock, valued at approximately $1,062,000.

Several other institutional investors also recently made changes to their positions in the stock. OneAscent Wealth Management LLC acquired a new position in shares of Tesla during the 2nd quarter worth $535,000. OneAscent Family Office LLC acquired a new stake in shares of Tesla in the second quarter valued at about $1,716,000. OneAscent Financial Services LLC acquired a new stake in shares of Tesla in the second quarter valued at about $7,747,000. Greenspring Advisors LLC purchased a new stake in Tesla during the second quarter worth about $2,046,000. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Tesla by 18.9% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 246,012 shares of the electric vehicle producer’s stock worth $103,472,000 after buying an additional 39,182 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Tesla

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 Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, June 8th. The stock was 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 of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Guggenheim began coverage on shares of Tesla in a research report on Monday, June 29th. They set a “neutral” rating for the company. TD Cowen restated a “buy” rating on shares of Tesla in a report on Friday, August 14th. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Truist Financial set a $370.00 target price on Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $401.74.

Tesla Stock Up 5.4%

TSLA stock opened at $376.36 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. The company’s 50 day simple moving average is $358.73 and its 200-day simple moving average is $383.30. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market capitalization of $1.49 trillion, a PE ratio of 348.48, a P/E/G ratio of 18.02 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Equities analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Tesla 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.