TLDRCzech National Bank increased its Tesla position by 4.6% to 801,343 shares.The bank’s Tesla stake was valued at about $337 million at quarter-end.Tesla stock opened at $319.53, below its 50-day and 200-day moving averages.Tesla missed second-quarter EPS estimates despite stronger-than-expected revenue.Tesla and SpaceX announced plans for a $16.8 billion AI-chip factory in Texas.Czech National Bank raised its Tesla (TSLA) stake as investors weighed weaker earnings against new AI, robotics and energy projects. The bank increased its position by 4.6% to 801,343 shares. Its Tesla holding was worth about $337 million for the quarter and represented 1.8% of its portfolio. Tesla stock opened Friday at $319.53, below key moving averages.Tesla, Inc., TSLATesla Stock Draws Institutional BuyingThe Czech National Bank ranked Tesla as its 10th-largest holding. Institutional investors and hedge funds now own about 66.2% of Tesla shares. Several smaller firms added positions, including Chapman Financial Group and Friedenthal Financial.Analyst views remain mixed. MarketBeat data shows one Strong Buy rating, 21 Buy ratings, 19 Hold ratings, and four Sell ratings. The average price target stands at $401.74. Piper Sandler cut its target to $450, while JPMorgan lowered its target to $445 and kept a neutral rating.Earnings Miss Keeps Valuation in FocusTesla reported second-quarter earnings of $0.33 per share, below the $0.50 consensus estimate. Revenue reached $28.24 billion, beating expectations of $26.42 billion and rising 25.5% from a year earlier. The company posted a 3.67% net margin and 3.82% return on equity.Tesla stock trades at a high valuation, with a price-to-earnings ratio near 296. The shares remain below key averages after falling from a 52-week high of $498.83. Analysts expect about $0.89 in earnings per share this fiscal year.AI, Energy and Autonomy Remain Key DriversTesla and SpaceX announced a $16.8 billion AI-chip factory in Texas. Management said about 25% of planned computing capacity could support Tesla’s Optimus robots, while the rest would serve SpaceX projects. The project adds another major spending program to Tesla’s AI strategy.SpaceX purchased about $295 million of Tesla Megapacks during the second quarter. Tesla started producing Megapack 3 batteries at a new Texas plant. The company is seeking wider European approval for Full Self-Driving, which could expand subscription revenue.China, Robotaxi and Insider Activity Add RiskReports about a possible sale or closure of Tesla’s China operations have raised questions over growth. Analysts estimate China accounts for about 25% of Tesla’s value, including future robotaxi and Optimus opportunities. Competition from Waymo, Uber and Zoox remains active.Tesla CFO Vaibhav Taneja sold 3,000 shares in May at an average price of $450. The sale totaled $1.35 million and covered tax withholding tied to vested equity awards. Corporate insiders own about 19.9% of Tesla shares.The post Czech National Bank Adds 35,388 Tesla (TSLA) Stock in Q2 appeared first on Blockonomi.