Envestnet Asset Management Inc. Buys 50,204 Shares of Tesla, Inc. $TSLA

Envestnet Asset Management Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,405,450 shares of the electric vehicle producer’s stock after buying an additional 50,204 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Tesla were worth $591,124,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Premier Financial Group bought a new stake in Tesla during the second quarter valued at approximately $773,000. Security National Bank of Sioux City Iowa IA purchased a new position in Tesla in the 2nd quarter worth approximately $25,000. Bullseye Investment Management LLC bought a new position in shares of Tesla in the 2nd quarter worth $336,000. Finally, Smith Chas P & Associates PA Cpas raised its position in shares of Tesla by 7.8% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 1,389 shares of the electric vehicle producer’s stock valued at $584,000 after buying an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla Trading Up 0.3%

NASDAQ:TSLA traded up $1.22 during trading hours on Wednesday, reaching $380.12. The company’s stock had a trading volume of 33,406,048 shares, compared to its average volume of 52,297,203. The firm has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 351.97, a PEG ratio of 18.95 and a beta of 1.84. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm has a 50-day simple moving average of $348.44 and a 200-day simple moving average of $379.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

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

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as the company considers roughly $25 billion in spending on AI, autonomy and infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla Semi was selected as the primary supplier for a reported 2,500-truck electric fleet order, strengthening the commercial-vehicle growth story and offering a potential source of future revenue beyond passenger cars. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: Investors are anticipating the October 1 Roadster reveal, while Tesla expanded Grok in its vehicles so the assistant can handle tasks such as accessing emails, documents and ordering food. These features reinforce the company’s software and AI ambitions. Tesla Roadster Reveal
• Positive Sentiment: Billionaire investors Stanley Druckenmiller and Ron Baron reportedly view Tesla’s Full Self-Driving and autonomy opportunity as a major part of the investment case, helping sustain enthusiasm for long-term AI-related growth. Investors’ Tesla FSD Thesis
• Neutral Sentiment: Tesla registered a local entity in Vietnam, signaling possible entry into a fast-growing EV market. However, domestic leader VinFast reportedly holds a strong local advantage in market share, charging and service infrastructure. Tesla Makes a Move in Vietnam
• Negative Sentiment: Elon Musk acknowledged that Tesla has still found no automaker willing to license FSD, limiting near-term evidence that autonomy can become a high-margin licensing business. Tesla Has Zero FSD Licensing Takers
• Negative Sentiment: Analysts and commentators continue to flag weak Cybertruck performance, lower delivery expectations and competition from new EV makers. At roughly 352 times earnings, Tesla’s valuation leaves limited room for delays or disappointing execution.

Analysts Set New Price Targets

TSLA has been the subject of several research reports. HSBC reiterated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Morgan Stanley restated a “reduce” rating on shares of Tesla in a research report on Monday, September 14th. Robert W. Baird set a $475.00 price objective on Tesla in a report on Monday, July 27th. Truist Financial set a $370.00 price objective on Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $412.25.

Tesla Company Profile

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.