Tesla, Inc. $TSLA Position Trimmed by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 45,669 shares of the electric vehicle producer’s stock after selling 2,345 shares during the quarter. Tesla accounts for about 1.7% of Azzad Asset Management Inc. ADV’s investment portfolio, making the stock its 6th biggest holding. Azzad Asset Management Inc. ADV’s holdings in Tesla were worth $16,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its stake in Tesla by 1.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 892,972 shares of the electric vehicle producer’s stock valued at $329,134,000 after purchasing an additional 16,083 shares during the last quarter. Demars Financial Group LLC raised its stake in shares of Tesla by 6.1% in the first quarter. Demars Financial Group LLC now owns 2,726 shares of the electric vehicle producer’s stock worth $1,014,000 after purchasing an additional 157 shares during the last quarter. Capstone Capital Management Ltd lifted its holdings in shares of Tesla by 2,113.1% during the first quarter. Capstone Capital Management Ltd now owns 14,009 shares of the electric vehicle producer’s stock worth $5,208,000 after purchasing an additional 13,376 shares during the period. Personal CFO Solutions LLC lifted its holdings in shares of Tesla by 23.5% during the first quarter. Personal CFO Solutions LLC now owns 12,214 shares of the electric vehicle producer’s stock worth $4,540,000 after purchasing an additional 2,326 shares during the period. Finally, Austin Asset Management Co Inc boosted its position in Tesla by 2.5% in the first quarter. Austin Asset Management Co Inc now owns 1,452 shares of the electric vehicle producer’s stock valued at $540,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 2.2%

TSLA stock opened at $394.11 on Thursday. Tesla, Inc. has a 52 week low of $293.55 and a 52 week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm has a 50-day simple moving average of $409.15 and a 200-day simple moving average of $409.76. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 361.57, a P/E/G ratio of 14.81 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,015 shares of company stock worth $12,383,640 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSLA shares. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. HSBC reiterated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a research note on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $408.52.

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.