N10 Assets LLC Purchases New Stake in Tesla, Inc. $TSLA

N10 Assets LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,829 shares of the electric vehicle producer’s stock, valued at approximately $4,134,000. Tesla comprises approximately 1.8% of N10 Assets LLC’s portfolio, making the stock its 24th biggest holding.

Other institutional investors have also made changes to their positions in the company. Marks Group Wealth Management Inc lifted its stake in Tesla by 1.7% during the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after acquiring an additional 25 shares in the last quarter. Clear Trail Advisors LLC raised its position in shares of Tesla by 1.6% during the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after acquiring an additional 25 shares in the last quarter. Peirce Capital Management LLC boosted its holdings in shares of Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after buying an additional 25 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock worth $711,000 after acquiring an additional 26 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in Tesla by 1.6% in the fourth quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer’s stock valued at $733,000 after acquiring an additional 26 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, becoming the sixth European country to authorize the technology. The decision could support wider European adoption and future high-margin software revenue. Slovenia clears Tesla FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate for as much as $0.30 less per mile than competing autonomous vehicles if Tesla achieves its targeted $20,000–$30,000 production cost, strengthening the long-term robotaxi business case. Tesla Cybercab cost advantage
• Neutral Sentiment: Tesla has begun limited paid Cybercab rides in Austin, moving its steering-wheel-free robotaxi from concept toward commercial service. However, the small rollout provides little evidence yet regarding pricing, utilization, fleet growth or profitability. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: The National Highway Traffic Safety Administration opened a probe into the certification and safety of nearly 1,000 Cybercabs, focusing on the vehicles’ lack of steering wheels and pedals. The investigation could delay expansion and increase regulatory costs. Cybercab certification regulatory probe
• Negative Sentiment: The Cybercab launch was viewed as muted because Tesla did not provide clear economics, production targets or a nationwide rollout schedule. Investors are also comparing Tesla’s limited Austin operation with Waymo’s much larger autonomous ride network. Tesla stock falls after Cybercab launch and NHTSA probe
• Negative Sentiment: Weak demand remains a concern: Tesla’s Chinese retail sales fell 12.4% in August, while European registrations were mixed. A viral video showing a person repeatedly triggering a Cybercab’s emergency braking also raised additional safety questions. Tesla sales in China

Analyst Ratings Changes

A number of analysts recently issued reports on TSLA shares. Robert W. Baird set a $475.00 target price on Tesla in a research report on Monday, July 27th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Thursday, July 23rd. HSBC reissued a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $485.00 price target (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $401.74.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $368.16 on Wednesday. The company has a 50-day simple moving average of $356.02 and a 200-day simple moving average of $382.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The company has a market cap of $1.45 trillion, a PE ratio of 340.89, a price-to-earnings-growth 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.

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

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.