Johnson Investment Counsel Inc. Buys 1,688 Shares of Tesla, Inc. $TSLA

Johnson Investment Counsel Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,067 shares of the electric vehicle producer’s stock after acquiring an additional 1,688 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Tesla were worth $60,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. GKV Capital Management Co. Inc. lifted its stake in Tesla by 10.0% in the 2nd quarter. GKV Capital Management Co. Inc. now owns 1,650 shares of the electric vehicle producer’s stock worth $694,000 after purchasing an additional 150 shares in the last quarter. Anchyra Partners LLC increased its holdings in shares of Tesla by 6.1% in the second quarter. Anchyra Partners LLC now owns 6,557 shares of the electric vehicle producer’s stock worth $2,758,000 after purchasing an additional 378 shares during the period. J. M. Brown & Associates Inc. purchased a new stake in shares of Tesla in the second quarter worth $1,006,000. New Harbor Financial Group LLC boosted its stake in Tesla by 118.7% during the second quarter. New Harbor Financial Group LLC now owns 3,817 shares of the electric vehicle producer’s stock valued at $1,605,000 after buying an additional 2,072 shares during the period. Finally, Capstone Wealth Management LLC boosted its stake in Tesla by 65.4% during the second quarter. Capstone Wealth Management LLC now owns 1,093 shares of the electric vehicle producer’s stock valued at $460,000 after buying an additional 432 shares during the period. Institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting 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 Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSLA shares. Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research note on Tuesday, July 28th. Truist Financial set a $370.00 price objective on Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a research note on Thursday, July 23rd. Finally, BMO Capital Markets began coverage on shares of Tesla in a research note on Monday, August 17th. They issued an “outperform” rating for the company. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $401.74.

Tesla Price Performance

Shares of Tesla stock opened at $348.95 on Tuesday. The firm has a market capitalization of $1.38 trillion, a PE ratio of 323.10, a price-to-earnings-growth ratio of 18.32 and a beta of 1.83. 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, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The business’s 50-day moving average price is $364.38 and its 200-day moving average price is $386.56.

Tesla (NASDAQ:TSLA) last released its 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). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Sell-side analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

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.