The Manufacturers Life Insurance Company Buys New Stake in Tesla, Inc. $TSLA

The Manufacturers Life Insurance Company purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,158,459 shares of the electric vehicle producer’s stock, valued at approximately $907,843,000. Tesla accounts for about 0.7% of The Manufacturers Life Insurance Company’s investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds also recently added to or reduced their stakes in TSLA. Brighton Jones LLC raised its position in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC increased its stake in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after buying an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC lifted its position in Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after acquiring an additional 851 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Tesla stock opened at $354.08 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $358.22 and a 200 day moving average price of $382.85. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The stock has a market cap of $1.40 trillion, a P/E ratio of 327.85, a PEG ratio of 17.88 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share 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 analyst estimates of $26.42 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. Sell-side analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Piper Sandler lowered their price target on Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Mizuho set a $450.00 target price on shares of Tesla and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Roth Capital reiterated a “buy” rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Finally, DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $401.74.

More Tesla News

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

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.