Tesla rises 2% premarket, trading at $336.45

Tesla rises 2% premarket, trading at $336.45

Tesla Inc. (NASDAQ:TSLA) experienced a 2% increase in its stock price premarket on July 2, 2025, trading at $336.45. This uptick comes amidst a series of strategic shifts and regulatory applications that are shaping the company's future.

In its most recent quarterly filing with the SEC, Zevenbergen Capital Investments LLC revealed that it had reduced its stake in Tesla by 1.9%, selling 20,019 shares. Despite this reduction, Tesla remains the second-largest holding in the firm's portfolio, valued at $262,696,000 [1]. Several other institutional investors have also adjusted their positions in Tesla, with some increasing their holdings significantly, such as Cherry Tree Wealth Management LLC, which lifted its stake by 86.3% [1].

Tesla's stock performance is also influenced by its latest earnings report, where the company reported $0.40 earnings per share, missing the consensus estimate by $0.03. The company's revenue for the quarter was $22.50 billion, down 11.8% year-over-year [1]. Analysts have mixed views on the stock, with some downgrading their ratings and price targets, while others maintain a hold rating with a consensus price target of $303.31 [1].

In other news, Tesla has applied for an electricity license from British energy regulator Ofgem to launch Tesla Electric, its electricity supply arm in Great Britain. This move aims to supply electricity to owners of Tesla vehicles and batteries, potentially taking up to nine months for approval [2]. The application comes as Tesla vehicle sales in Great Britain continue to decline, highlighting the company's efforts to diversify its revenue streams.

Additionally, Tesla has shifted its AI focus to inference chips for real-time autonomous driving, abandoning its Dojo supercomputer project. The company is partnering with Samsung on the production of AI5/AI6 chips valued at $16.5 billion, aimed at enhancing in-vehicle AI decision-making. This strategic pivot reflects a shift towards more immediate applications and partnerships, aligning with industry trends [3].

These developments underscore Tesla's ongoing efforts to adapt and innovate in the face of market challenges and regulatory changes. The company's ability to navigate these shifts will be critical in determining its future performance.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-zevenbergen-capital-investments-llc-has-26270-million-stock-holdings-in-tesla-inc-nasdaqtsla-2025-08-10/
[2] https://sherwood.news/power/tesla-applies-to-launch-electricity-supplier-tesla-electric-in-great-britain/
[3] https://www.ainvest.com/news/tesla-shifts-ai-focus-inference-chips-autonomous-driving-2508/