CoreCap Advisors LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 12.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,978 shares of the electric vehicle producer’s stock after purchasing an additional 4,404 shares during the period. CoreCap Advisors LLC’s holdings in Tesla were worth $14,185,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TSLA. State Street Corp lifted its holdings in Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after buying an additional 2,761,298 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Tesla during the 2nd quarter worth about $8,535,612,000. Amundi lifted its stake in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Tesla by 14.0% in the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock valued at $7,636,301,000 after purchasing an additional 2,082,813 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Stock Performance
NASDAQ:TSLA traded down $2.81 during trading hours on Thursday, reaching $375.00. 28,299,486 shares of the company’s stock were exchanged, compared to its average volume of 51,356,391. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 347.23, a P/E/G ratio of 20.34 and a beta of 1.92. The company has a 50-day moving average of $352.86 and a 200 day moving average of $377.14.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Q3 delivery beat supports near-term sentiment. Tesla delivered 486,532 vehicles, exceeding expectations despite a slight year-over-year decline. Attention now shifts to automotive margins and the company’s upcoming earnings report, since weaker profitability could offset the delivery performance. Tesla’s EV Delivery Beat Is In, So What Happens Now?
- Positive Sentiment: Commercial charging expansion strengthens Tesla’s energy and infrastructure opportunity. Tesla and Pilot opened their first Megacharger site in Georgia for heavy-duty electric trucks and announced three additional locations. Separately, logistics company IMC ordered 50 Tesla Semis, providing validation for Tesla’s commercial-vehicle ambitions. Pilot and Tesla Open First Megacharger Site
- Positive Sentiment: Autonomy-related developments remain a long-term bullish catalyst. Lemonade expanded autonomous-car insurance discounts to more Tesla vehicles using FSD, while Germany’s transport minister backed faster European approval of Tesla’s supervised FSD technology. Wider availability could support software revenue, although regulatory approval remains unresolved. Lemonade Adds Support for Tesla FSD
- Neutral Sentiment: Analysts see substantial upside but acknowledge execution risk. UBS raised its price target to $391 and called Tesla’s setup tactically favorable, with software, robotaxis, robotics and energy storage viewed as potential growth drivers beyond vehicle sales. UBS Flags a Bullish Setup in Tesla Stock
- Negative Sentiment: Valuation remains the biggest pressure point. Tesla trades at a far higher earnings multiple than competitors such as BYD, prompting even longtime bullish investors to warn that a strong business does not necessarily make the stock attractive at its current price. BYD Trades at 20 Times Earnings. Tesla Trades at 344.
- Negative Sentiment: AI spending and profitability concerns are limiting enthusiasm. Tesla is committing significant resources to chips, autonomy and robotics while investors still face questions about cash use, vehicle margins and the lack of detailed updates on Optimus. This makes the stock particularly sensitive to any earnings disappointment. Tesla’s Big AI Gamble Puts Its EV Business Under a Microscope
Insider Buying and Selling
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TSLA. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $445.00 to $415.00 and set a “neutral” rating on the stock in a research note on Monday, September 28th. The Goldman Sachs Group upgraded shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday. 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. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research note on Friday, September 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $412.19.
Read Our Latest Analysis on Tesla
Tesla Company Profile
Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.
Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.
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