Wealthedge Investment Advisors LLC Lowers Holdings in Tesla, Inc. $TSLA

Wealthedge Investment Advisors LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 86.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487 shares of the electric vehicle producer’s stock after selling 3,110 shares during the quarter. Wealthedge Investment Advisors LLC’s holdings in Tesla were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLA. Moneywise Inc. bought a new stake in shares of Tesla in the second quarter valued at about $328,000. Gunderson Capital Management LLC bought a new position in Tesla during the 2nd quarter worth about $360,000. Southern Michigan Bank & Trust increased its position in Tesla by 16.3% during the 2nd quarter. Southern Michigan Bank & Trust now owns 500 shares of the electric vehicle producer’s stock valued at $210,000 after purchasing an additional 70 shares during the period. Evolution Wealth Management Inc. raised its holdings in shares of Tesla by 9.9% in the 2nd quarter. Evolution Wealth Management Inc. now owns 630 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 57 shares in the last quarter. Finally, Crux Wealth Advisors lifted its position in shares of Tesla by 2.2% in the 2nd quarter. Crux Wealth Advisors now owns 4,627 shares of the electric vehicle producer’s stock worth $1,946,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSLA shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research note on Tuesday, July 28th. Roth Capital restated a “buy” rating and issued a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the stock a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. Finally, Barclays raised their target price on shares of Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $401.74.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 currently owned by corporate insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Tesla Stock Performance

Shares of TSLA opened at $362.86 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The stock has a 50-day moving average of $365.62 and a two-hundred day moving average of $387.31. The stock has a market cap of $1.43 trillion, a P/E ratio of 335.98, a P/E/G ratio of 18.32 and a beta of 1.83. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 22nd. 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 firm 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 company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, research analysts predict 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.