Securian Asset Management Inc. Lowers Stock Holdings in Tesla, Inc. $TSLA

Securian Asset Management Inc. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,812 shares of the electric vehicle producer’s stock after selling 1,485 shares during the period. Tesla comprises about 1.1% of Securian Asset Management Inc.’s holdings, making the stock its 13th largest holding. Securian Asset Management Inc.’s holdings in Tesla were worth $31,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its position in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares during the period. Private Capital Advisors Inc. grew its stake in shares of Tesla by 139.3% in the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after purchasing an additional 12,417 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Tesla in the fourth quarter worth about $1,035,000. Knights of Columbus Asset Advisors LLC increased its holdings in Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock valued at $28,998,000 after purchasing an additional 16,652 shares during the period. Finally, Varma Mutual Pension Insurance Co lifted its holdings in Tesla by 3.0% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer’s stock worth $181,697,000 after buying an additional 11,900 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA opened at $348.95 on Tuesday. 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 $1.38 trillion, a price-to-earnings ratio of 323.10, a price-to-earnings-growth ratio of 18.32 and a beta of 1.83. The stock has a fifty day simple moving average of $364.38 and a two-hundred day simple moving average of $386.56. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business 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 business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Research analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla’s Robo-Taxi Expansion Takes a Leap Forward
• Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
• Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer 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 at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. BMO Capital Markets assumed coverage on Tesla in a research note on Monday, August 17th. They issued an “outperform” rating for the company. Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Monday, August 3rd. Piper Sandler decreased their price objective on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Finally, Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $401.74.

About Tesla

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.