Vista Cima Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 2,107 shares of the electric vehicle producer’s stock, valued at approximately $886,000. Tesla comprises approximately 0.7% of Vista Cima Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.
A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its holdings in Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after buying an additional 375,946 shares in the last quarter. Norges Bank purchased a new position in shares of Tesla in the 4th quarter worth approximately $17,128,100,000. Amundi grew its position in shares of Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after buying an additional 2,727,141 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla News Roundup
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 Stock Down 3.2%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the business posted $0.33 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.
Wall Street Analysts Forecast Growth
TSLA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Tesla from $475.00 to $445.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets started coverage on Tesla in a report on Monday, August 17th. They set an “outperform” rating for the company. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler dropped their target price on Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $401.74.
Read Our Latest Analysis on Tesla
Insider Activity
In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.
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.
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