Whalen Wealth Management Inc. Purchases Shares of 3,247 Tesla, Inc. $TSLA

Whalen Wealth Management Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,247 shares of the electric vehicle producer’s stock, valued at approximately $1,366,000.

A number of other large investors have also recently made changes to their positions in TSLA. State Street Corp increased its holdings in shares of Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after purchasing an additional 375,946 shares during the period. Norges Bank acquired a new stake in shares of Tesla during the fourth quarter worth about $17,128,100,000. Amundi boosted its position in Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after buying an additional 2,727,141 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 5.9%

Tesla stock opened at $354.08 on Friday. The firm has a market cap of $1.40 trillion, a PE ratio of 327.85, a P/E/G ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock’s 50 day simple moving average is $358.22 and its two-hundred day simple moving average is $383.10. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same period last year, the firm earned $0.33 earnings per share. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The shares were 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 owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Analysts Set New Price Targets

Several analysts have commented on TSLA shares. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. TD Cowen reiterated a “buy” rating on shares of Tesla in a research note on Friday, August 14th. Guggenheim initiated coverage on shares of Tesla in a report on Monday, June 29th. They set a “neutral” rating for the company. DZ Bank upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group began coverage on shares of Tesla in a report on Friday, June 5th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $401.74.

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.