Northwestern Mutual Wealth Management Co. Purchases Shares of 331,830 Tesla, Inc. $TSLA

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 331,830 shares of the electric vehicle producer’s stock, valued at approximately $139,568,000.

A number of other hedge funds have also made changes to their positions in TSLA. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter worth approximately $26,000. Friedenthal Financial increased its stake in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla during the third quarter worth approximately $30,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the third quarter worth approximately $31,000. Finally, Harborfront Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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

Several brokerages have recently issued reports on TSLA. DZ Bank upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 target price 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 assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $401.74.

Tesla Stock Performance

Shares of Tesla stock opened at $354.08 on Friday. The firm’s fifty day simple moving average is $358.22 and its 200-day simple moving average is $383.10. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 327.85, a PEG ratio of 19.00 and a beta of 1.84. 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 (NASDAQ:TSLA) last issued its quarterly 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). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current 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.