Magnus Financial Group LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,153 shares of the electric vehicle producer’s stock after selling 4,587 shares during the period. Magnus Financial Group LLC’s holdings in Tesla were worth $8,215,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Amundi increased its position in shares of Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new position in shares of Tesla during the 2nd quarter worth approximately $6,083,630,000. Finally, Bamco Inc. NY lifted its position in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after buying an additional 591,243 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Earnings and cash flow beat expectations. Tesla reported adjusted EPS of $0.48 versus the $0.45 consensus estimate and generated approximately $1.5 billion in free cash flow. Vehicle deliveries stabilized, services revenue grew, and Tesla said it has delivered more than 10 million vehicles. Tesla Q3 results
- Positive Sentiment: Full Self-Driving adoption remains a key bull-case catalyst. More than 75% of North American deliveries included paid FSD subscriptions, with subscriptions reportedly rising 67% year over year. Supportive analysts view FSD, robotaxis, Optimus and Megapack as potential drivers of future software-like revenue. Tesla FSD subscriptions
- Positive Sentiment: Robotaxi and robotics expansion support long-term optionality. Tesla plans to expand its Cybercab service beyond Austin and has begun producing Optimus humanoid robots in Fremont. Several analysts raised targets, including Morgan Stanley to $410, JPMorgan to $430, Mizuho to $460 and RBC to $480. Tesla Cybercab expansion
- Neutral Sentiment: A potential SpaceX-Tesla merger remains the biggest speculative driver. Tesla and SpaceX formed independent committees to study a combination, which could unite AI, chips, robotics, energy, satellites and transportation assets. However, Musk is excluded from negotiations because of conflicts, requires approval from both boards and Tesla shareholders, and says a deal is not certain. Valuation, regulation, China operations and possible shareholder dilution remain major obstacles. Tesla-SpaceX merger talks
- Negative Sentiment: Core financial trends disappointed investors. Revenue was essentially flat year over year at about $28.05 billion, operating income fell 56%, and automotive revenue declined. Energy revenue also missed expectations, reinforcing concerns that Tesla’s current valuation depends heavily on unproven future businesses.
- Negative Sentiment: The 2026 capital-expenditure reduction raised strategic concerns. Tesla cut its planned 2026 CapEx to $20 billion from more than $25 billion. While this may protect near-term cash flow, investors questioned whether the pullback signals slower progress in AI infrastructure, robotaxis and Optimus. A broad Nasdaq technology selloff, renewed AI-spending doubts and higher oil prices added pressure. Tesla spending pullback
Tesla Stock Down 3.1%
Shares of TSLA opened at $374.58 on Friday. The company’s 50-day simple moving average is $363.41 and its 200-day simple moving average is $377.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The stock has a market capitalization of $1.48 trillion, a PE ratio of 529.41, a P/E/G ratio of 24.54 and a beta of 1.92.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Tesla had a net margin of 3.11% and a return on equity of 3.07%. The firm had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 owned by corporate insiders.
Wall Street Analysts Forecast Growth
TSLA has been the topic of a number of research analyst reports. TD Cowen reissued a “buy” rating and issued a $460.00 price target on shares of Tesla in a research note on Thursday. UBS Group reissued a “neutral” rating and issued a $425.00 price target (up from $391.00) on shares of Tesla in a report on Thursday. Piper Sandler restated an “overweight” rating and set a $475.00 price objective (up from $450.00) on shares of Tesla in a research report on Thursday. Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $485.00 price objective on shares of Tesla in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $408.61.
Read Our Latest Stock Analysis on TSLA
Tesla Company Profile
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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