Pacific Sun Financial Corp purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,502 shares of the electric vehicle producer’s stock, valued at approximately $3,576,000. Tesla accounts for 1.5% of Pacific Sun Financial Corp’s investment portfolio, making the stock its 14th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Turning Point Benefit Group Inc. acquired a new position in Tesla during the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla in the third quarter valued at about $31,000. Friedenthal Financial raised its position in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC acquired a new position in shares of Tesla in the second quarter worth approximately $26,000. Finally, Harborfront Financial Group LLC acquired a new position in shares of Tesla in the second quarter worth approximately $34,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Insiders own 19.90% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Tesla
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s planned Cybercab launch in Austin on September 3 remains the primary bullish catalyst. Texas records show a fleet of 45 purpose-built Cybercabs, alongside 269 Model Ys, suggesting Tesla is moving from concept demonstrations toward an operating robotaxi service. Tesla’s Cybercab Fleet Hits 45 Ahead of Austin Launch
- Positive Sentiment: Tesla said its supervised Full Self-Driving system recorded 4.1 times fewer collisions than manually driven Tesla vehicles across five European countries. The data is intended to support broader European approval, which could expand FSD and future autonomous-driving revenue. Tesla touts European supervised self-driving safety data ahead of EU vote
- Positive Sentiment: Freight operator Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and all 500 trucks in its order by 2027. The timetable provides a clearer commercial-use case for Tesla’s heavy-duty EV program. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
- Positive Sentiment: A U.S. policy aimed at securing the power grid may benefit Tesla’s energy-storage business, giving investors another potential growth avenue beyond vehicles and robotics. Tesla stock investors stand to gain from U.S. power grid
- Neutral Sentiment: August European registrations were mixed: France rose 279% and Denmark 104%, while Norway fell 79% and Portugal declined 36.5% despite overall light-EV registrations growing there. The uneven results reinforce uncertainty around Tesla’s demand trajectory. Tesla’s European registrations mixed in August
- Neutral Sentiment: Tesla raised U.S. Cybertruck prices by $5,000, potentially supporting revenue per vehicle and margins, but the reversal of earlier price cuts also raises questions about demand elasticity.
- Negative Sentiment: Investors appear to be taking profits and reassessing whether Cybercab can justify Tesla’s roughly $1.4 trillion valuation. The stock’s elevated valuation leaves limited room for disappointment, while analysts continue to cite margin pressure and weak cash-flow trends.
- Negative Sentiment: Waymo is challenging Tesla’s “pure end-to-end” autonomy approach, arguing that a sensor mix is necessary for safety. Competition and regulatory scrutiny could slow Tesla’s robotaxi rollout. Waymo goes on offense ahead of Tesla’s Cybercab launch
- Negative Sentiment: An Australian court may grant an independent expert access to Tesla’s internal engineering systems in an Autopilot-related class action, adding legal and disclosure risk. Australian judge floats giving court-appointed expert access to Tesla’s engineering systems
Tesla Price Performance
Shares of TSLA opened at $356.09 on Wednesday. The firm has a market cap of $1.41 trillion, a PE ratio of 329.72, a price-to-earnings-growth ratio of 18.58 and a beta of 1.84. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The business’s 50 day moving average price is $359.08 and its two-hundred day moving average price is $384.01. 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 – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the business earned $0.33 EPS. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.
Tesla Company 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.
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