Mufg Securities Americas Inc. Purchases 6,988 Shares of Tesla, Inc. $TSLA

Mufg Securities Americas Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 84,793 shares of the electric vehicle producer’s stock after buying an additional 6,988 shares during the quarter. Tesla makes up approximately 1.8% of Mufg Securities Americas Inc.’s portfolio, making the stock its 10th largest position. Mufg Securities Americas Inc.’s holdings in Tesla were worth $35,664,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSLA. Chapman Financial Group LLC acquired a new stake in Tesla in the 2nd quarter worth about $26,000. Friedenthal Financial grew its position in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the third quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the third quarter worth approximately $31,000. Finally, Harborfront Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $34,000. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TSLA shares. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 23rd. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. BTIG Research downgraded Tesla to a “neutral” rating in a research report on Friday, June 5th. Citizens Jmp started coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $401.74.

Tesla Stock Down 0.1%

Shares of TSLA opened at $367.81 on Thursday. The firm has a 50 day simple moving average of $354.87 and a two-hundred day simple moving average of $381.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a market cap of $1.45 trillion, a P/E ratio of 340.57, a P/E/G ratio of 18.59 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last issued its earnings results 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab rollout remains the primary bullish catalyst. The company has added 45 vehicles to its Austin fleet, while CEO Elon Musk says the redesigned manufacturing process could produce Cybercabs more than five times faster. Lower operating costs could help Tesla compete with Waymo and Uber if the technology scales. 45 Tesla Cybercabs Are Now Roaming Austin
• Positive Sentiment: Slovenia approved Tesla’s supervised Full Self-Driving system, making it the sixth European country to do so. Investors view the approval as a possible step toward an EU-wide authorization and additional software subscription revenue. A potential European launch of Cybercab is also supporting the long-term growth narrative. Slovenia clears Tesla’s FSD driver assistance
• Positive Sentiment: Goldman Sachs estimates Tesla’s Cybercab could operate at a cost advantage of as much as $0.30 per mile versus rival autonomous vehicles if Tesla reaches its targeted production costs, strengthening the potential economics of a large robotaxi network. Tesla Cybercab Could Beat Waymo on Cost
• Neutral Sentiment: Analysts continue to debate whether Tesla can become a successful robotaxi platform or whether Waymo’s operational experience and sensor-heavy approach give it an advantage. The Cybercab’s early fares have varied widely versus Uber, highlighting that the commercial model is not yet proven. Tesla versus Alphabet’s Waymo
• Negative Sentiment: Tesla’s China sales continue to weaken. August domestic sales declined, and the company is offering cash incentives through September 30, suggesting persistent competitive and demand pressure in the world’s largest EV market. Strong exports provide some offset but do not resolve the underlying weakness. Tesla Sales in China Continue Negative Streak
• Negative Sentiment: Regulatory scrutiny remains a major risk. The National Highway Traffic Safety Administration is examining certification and technical data related to nearly 1,000 driverless Cybercabs, raising questions about Tesla’s ability to expand the service quickly and safely. Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Negative Sentiment: Some investors remain bearish because Tesla’s valuation is demanding relative to its modest profitability and slowing core auto business. With a very high earnings multiple, the stock is particularly dependent on successful execution of FSD, robotaxis and other future businesses.

Insiders Place Their Bets

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

Tesla 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.