FAS Wealth Partners Inc. Boosts Stake in Tesla, Inc. $TSLA

FAS Wealth Partners Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 43.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,987 shares of the electric vehicle producer’s stock after acquiring an additional 6,073 shares during the period. FAS Wealth Partners Inc.’s holdings in Tesla were worth $7,430,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Networth Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth $26,000. Davidson Capital Management Inc. increased its holdings in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the third quarter valued at about $30,000. Prism Advisors Inc. purchased a new stake in Tesla during the fourth quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Tesla during the third quarter worth about $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. Citigroup started coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Thursday, July 23rd. Mizuho set a $450.00 price objective on shares of Tesla and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $475.00 target price on shares of Tesla in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $402.24.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing 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 currently owned by corporate insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

Tesla Stock Performance

Shares of TSLA stock opened at $311.20 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.23 trillion, a PE ratio of 288.15, a P/E/G ratio of 15.44 and a beta of 1.83. The company’s fifty day simple moving average is $389.93 and its 200-day simple moving average is $397.55. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same period last year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 0.89 EPS for the current 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.