VeraBank N.A. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,226 shares of the electric vehicle producer’s stock, valued at approximately $545,000.
Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter valued at about $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of Tesla during the third quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new position in shares of Tesla in the second quarter valued at approximately $30,000. ESL Trust Services LLC boosted its holdings in shares of Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Tesla during the 2nd quarter worth approximately $32,000. 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: Tesla won an FCC waiver to use UWB-based wireless charging for its Cybercab, clearing a regulatory hurdle for a differentiated charging feature that supports the robotaxi/Cybercab rollout and could strengthen the Cybercab ecosystem. Elon Musk’s Tesla Wins FCC Waiver To Enable Wireless Charging For Cybercab
- Positive Sentiment: First production Cybercab vehicles are rolling off the Texas line and Musk has confirmed a consumer Cybercab price target (sub-$30k by 2027), reinforcing the company’s roadmap from robotaxi proof-of-concept toward a mass-market product and a new revenue stream. Tesla says the first Cybercab just rolled off the production line at Gigafactory Texas
- Positive Sentiment: California DMV will not suspend Tesla’s sales after the company removed “Autopilot” from marketing — this removes an acute regulatory risk that could have temporarily halted sales in a major U.S. state. Tesla avoids suspension by California regulator after corrective marketing
- Neutral Sentiment: Tesla is expanding its Grok AI chatbot rollout across the UK and Europe (software/service potential), but the product faces regulatory scrutiny in Europe — an execution/reputation story that could boost monetization if cleared but also draw regulatory costs. Tesla adding Grok AI chatbot to its cars in the UK, Europe amid regulatory probes
- Neutral Sentiment: Analyst positioning and fund moves are mixed: Barclays reaffirmed a neutral rating while some hedge funds boosted stakes (and others trimmed), leaving near-term sentiment fragmented. Analysts remain split on valuation vs. the robotics/AI pivot. Barclays gives a neutral rating
- Negative Sentiment: Safety and robotaxi incidents: reports of multiple crashes in Tesla’s Austin robotaxi program and public criticism (including calls for hardware changes) are raising doubts about the vision-only FSD approach and could slow regulatory approvals and fleet expansion. Tesla Reveals First Production Cybercab — Elon Musk Confirms $30,000 Price
- Negative Sentiment: Sales and delivery weakness: continuing month-over-month delivery declines, warnings from market commentators and technical/price-target downside scenarios have kept pressure on valuation (high P/E, lofty expectations for AI/robotics must justify the premium). Tesla’s Sales Say Sell, But The Chart Says Buy
Tesla Trading Up 0.2%
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have commented on TSLA shares. Bank of America boosted their price objective on Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Tesla in a research report on Thursday, January 29th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday, January 29th. Finally, Benchmark reissued a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $408.09.
Check Out Our Latest Analysis on Tesla
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is owned by 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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