OFI Invest Asset Management Lowers Stock Holdings in Tesla, Inc. $TSLA

OFI Invest Asset Management lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 623,123 shares of the electric vehicle producer’s stock after selling 75,968 shares during the period. Tesla makes up approximately 2.6% of OFI Invest Asset Management’s investment portfolio, making the stock its 7th largest position. OFI Invest Asset Management’s holdings in Tesla were worth $262,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Human Investing LLC boosted its stake in Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after purchasing an additional 25 shares during the period. SilverOak Wealth Management LLC grew its holdings in Tesla by 2.3% in the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after buying an additional 25 shares in the last quarter. Boston Trust Walden Corp increased its position in Tesla by 0.7% during the 4th quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock worth $1,522,000 after buying an additional 25 shares during the period. Cape ANN Savings Bank boosted its position in shares of Tesla by 2.6% in the fourth quarter. Cape ANN Savings Bank now owns 974 shares of the electric vehicle producer’s stock valued at $438,000 after acquiring an additional 25 shares during the period. Finally, Marks Group Wealth Management Inc grew its stake in shares of Tesla by 1.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. BTIG Research cut Tesla to a “neutral” rating in a research note on Friday, June 5th. DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Guggenheim started coverage on Tesla in a report on Monday, June 29th. They issued a “neutral” rating for the company. Finally, Citizens Jmp began coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $401.74.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a 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 company insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Large Tesla Semi order: Swedish trucking company Einride plans to deploy 500 Tesla Semis across North America over the next two years, beginning in September. The order would be the largest Tesla Semi deployment announced so far and could expand Tesla’s commercial-vehicle revenue. Reuters article
• Positive Sentiment: Cybercab rollout advances: Reports indicate Tesla is preparing to begin offering rides in its steering-wheel-free Cybercab in Austin as soon as this month, initially using employees before expanding to public robotaxi service. The launch could provide a high-profile test of Tesla’s autonomous-vehicle strategy. Reuters article
• Positive Sentiment: Robotaxi infrastructure: Tesla has reportedly filed plans for a charging hub with as many as 80 wireless chargers, signaling continued investment in scaling its robotaxi fleet and supporting the Cybercab launch. TipRanks article
• Neutral Sentiment: Amazon relationship: Filings show Amazon holds warrants representing roughly 12% of Einride, with vesting linked to Amazon purchases of freight services. This supports demand for the Semi deployment but does not represent a direct Amazon investment in Tesla. GeekWire article
• Neutral Sentiment: SpaceX speculation: Comments from former Tesla President Jon McNeill have renewed speculation that the Roadster could highlight deeper ties between Tesla and SpaceX, but no merger or transaction has been confirmed.
• Negative Sentiment: Profitability concerns: Coverage highlights Tesla’s return to negative free cash flow and its slim automotive net margin. The company also previously missed quarterly EPS expectations, increasing scrutiny of whether substantial AI and robotaxi investments can generate adequate returns.
• Negative Sentiment: Valuation and analyst warning: Tesla trades at exceptionally high earnings multiples despite subdued profitability. GLJ Research reaffirmed a Sell rating and assigned a $24.86 price target, arguing that Full Self-Driving execution could pressure the stock further. TipRanks article
• Negative Sentiment: Competition and execution risk: Amazon’s Zoox is expanding driverless service into San Francisco and Las Vegas, while investors remain concerned about regulatory approval, fleet costs, and the timing of Tesla’s robotaxi commercialization. Higher Treasury yields may also weigh on richly valued growth stocks.

Tesla Trading Down 0.7%

Shares of TSLA stock opened at $336.93 on Wednesday. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The stock’s fifty day simple moving average is $368.18 and its 200 day simple moving average is $388.55. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 311.98, a P/E/G ratio of 17.28 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last posted its earnings results 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 net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business posted $0.33 earnings per share. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, sell-side analysts predict 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.