--- title: "Tesla, Inc. $TSLA Shares Sold by Patriot Financial Group Insurance Agency LLC" type: "News" locale: "en" url: "https://longbridge.com/en/news/296200461.md" description: "Patriot Financial Group Insurance Agency LLC reduced its stake in Tesla (TSLA) by 41.4% during the second quarter, selling 11,303 shares to hold 16,007 shares valued at $6.7 million. Meanwhile, other institutions like Norges Bank, Corient Private Wealth, and Vanguard increased their positions. Analyst ratings remain mixed with an average 'Hold' rating and a $401.74 target price. Recent news highlights Tesla's Cybercab launch preparations and FSD developments amidst ongoing debates over profitability and valuation." datetime: "2026-08-18T08:56:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296200461.md) - [en](https://longbridge.com/en/news/296200461.md) - [zh-HK](https://longbridge.com/zh-HK/news/296200461.md) --- # Tesla, Inc. $TSLA Shares Sold by Patriot Financial Group Insurance Agency LLC Patriot Financial Group Insurance Agency LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,007 shares of the electric vehicle producer's stock after selling 11,303 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Tesla were worth $6,733,000 at the end of the most recent reporting period. - Meta and Tesla Are Rebounding From Oversold Levels—Now What? Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Tesla during the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC lifted its holdings in Tesla by 3,205.5% in the fourth 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 during the last quarter. Bank of America Corp DE boosted its stake in Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares during the period. Cardano Risk Management B.V. grew its holdings in shares of Tesla by 882.8% during the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds. ## Analyst Ratings Changes TSLA has been the subject of a number of analyst reports. Wells Fargo & Company restated an "underweight" rating and set a $130.00 price objective (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the company a "buy" rating in a report on Thursday, July 23rd. BMO Capital Markets started coverage on shares of Tesla in a report on Monday. They issued an "outperform" rating on the stock. Wedbush reissued an "outperform" rating and set a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. Finally, Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued 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 stock has an average rating of "Hold" and an average target price of $401.74. - MarketBeat Week in Review – 08/10 - 08/14 **Check Out Our Latest Report on Tesla** ## Tesla News Roundup Here are the key news stories impacting Tesla this week: - Positive Sentiment: Tesla is preparing to launch its Cybercab robotaxi service in Austin, Texas, potentially beginning with employee rides this month. The rollout could provide an important real-world test of Tesla’s autonomous-driving strategy and create a new growth catalyst. Reuters Cybercab launch report - Positive Sentiment: Reports and demonstrations indicated Tesla’s FSD Supervised system outperformed Rivian’s Autonomy+ in a real-road comparison, while Tesla’s AI chief promoted improvements in the upcoming FSD V14. These developments support the company’s long-term robotaxi and AI narrative. Tesla-Rivian self-driving test - Positive Sentiment: Tesla’s possible flying Roadster unveiling and continued association with SpaceX are attracting investor attention and could reinforce enthusiasm around future mobility, although neither is yet a material operating business. Flying Roadster report - Neutral Sentiment: Wall Street remains sharply divided, with Tesla’s recent record deliveries and revenue growth competing with weaker earnings quality. ARK Invest’s reported purchases of approximately 450,000 shares offer some technical support but do not resolve the fundamental debate. - Negative Sentiment: Investors remain concerned that operating profit and free cash flow are deteriorating despite strong revenue and deliveries. Tesla’s valuation—supported heavily by future AI and robotaxi growth—leaves limited room for execution setbacks. Tesla profitability analysis - Negative Sentiment: BYD continues to lead Tesla in the global EV market, while reports of another FSD issue and criticism of Tesla’s camera-only autonomy approach raise questions about safety, regulatory approval, and the timing of robotaxi monetization. FSD setback report ## Insider Activity at Tesla - Tesla's Robotaxi Reality Check: Time to Deliver In other 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 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 trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders. ## Tesla Stock Performance Shares of NASDAQ TSLA opened at $339.30 on Tuesday. The stock has a fifty day moving average price of $369.38 and a two-hundred day moving average price of $389.21. 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 firm has a market cap of $1.34 trillion, a P/E ratio of 314.17, a PEG ratio of 17.28 and a beta of 1.83. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the firm posted $0.33 earnings per share. Tesla's revenue was up 25.5% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year. ## About Tesla (Free Report) 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. ## Featured Stories - Five stocks we like better than Tesla - Commodities Are Booming, But These 3 ETFs Tell Different Stories - 3 Active ETFs Making Big Moves in August - This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem - Birkenstock Beats the Skeptics—But Not on EPS _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Tesla Right Now? Before you consider Tesla, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list. While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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