StoneRidge PMG Advisors LLC Acquires New Position in Tesla, Inc. $TSLA

Posted by Francis Steltz on Nov 9th, 2026

StoneRidge PMG Advisors LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 4,292 shares of the electric vehicle producer’s stock, valued at approximately $1,523,000. Tesla accounts for approximately 1.0% of StoneRidge PMG Advisors LLC’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. Hager Investment Management Services LLC boosted its position in shares of Tesla by 3.6% in the 3rd quarter. Hager Investment Management Services LLC now owns 2,903 shares of the electric vehicle producer’s stock valued at $1,030,000 after purchasing an additional 100 shares during the period. Brickley Wealth Management increased its stake in Tesla by 21.7% in the 3rd quarter. Brickley Wealth Management now owns 921 shares of the electric vehicle producer’s stock worth $327,000 after purchasing an additional 164 shares in the last quarter. Avion Wealth raised its holdings in Tesla by 6.0% during the 3rd quarter. Avion Wealth now owns 7,008 shares of the electric vehicle producer’s stock worth $2,486,000 after buying an additional 396 shares during the period. Hohimer Wealth Management LLC raised its holdings in Tesla by 5.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 9,444 shares of the electric vehicle producer’s stock worth $3,351,000 after buying an additional 462 shares during the period. Finally, Almanack Investment Partners LLC. raised its holdings in Tesla by 0.7% during the 3rd quarter. Almanack Investment Partners LLC. now owns 5,562 shares of the electric vehicle producer’s stock worth $1,973,000 after buying an additional 39 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. Royal Bank Of Canada cut shares of Tesla from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 22nd. Oppenheimer assumed coverage on shares of Tesla in a report on Thursday, October 22nd. They set an “outperform” rating on the stock. Barclays upgraded shares of Tesla from an “outperform” rating to an “overweight” rating and boosted their price target for the company from $370.00 to $450.00 in a report on Monday, October 26th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, October 22nd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.51.

Get Our Latest Analysis on Tesla

Tesla Price Performance

NASDAQ:TSLA opened at $358.22 on Monday. The business’s fifty day moving average price is $372.14 and its 200 day moving average price is $384.35. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a PEG ratio of 22.19 and a beta of 1.74. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. 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 announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period last year, the company posted $0.50 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

About Tesla

(Free Report)

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.