Tesla, Inc. $TSLA Shares Purchased by Sax Wealth Advisors LLC

Posted by George Bondi on Oct 13th, 2026

Sax Wealth Advisors LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 141.4% in the third quarter, HoldingsChannel reports. The firm owned 16,323 shares of the electric vehicle producer’s stock after buying an additional 9,561 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Tesla were worth $5,792,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSLA. Corient Private Wealth LLC grew its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Tesla during the 2nd quarter worth $8,535,612,000. Bank of New York Mellon Corp purchased a new position in shares of Tesla during the 2nd quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new position in shares of Tesla in the second quarter worth approximately $4,039,090,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Tesla in the second quarter valued at about $3,144,509,000. 66.20% of the stock is currently owned by institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Deliveries exceeded expectations: Tesla delivered 486,532 vehicles in Q3 2026, supporting the automotive outlook and helping fuel bullish expectations for a potential recovery toward prior highs. Is Tesla a Car Market Leader or a $1 Trillion Robotics Gamble?
Positive Sentiment: Analyst target increased: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other non-automotive businesses, although it retained a Hold rating. Jefferies raises Tesla price target
Positive Sentiment: Robotaxi expansion remains a catalyst: Tesla’s Cybercab fleet reportedly surpassed 300 vehicles in Austin, while a planned European debut at the Paris Motor Show could increase visibility for its autonomous-driving strategy. Tesla to Debut Cybercab at Paris Motor Show
Neutral Sentiment: Earnings could drive volatility: Investors will focus on automotive gross margin, softer delivery trends, energy-storage and services growth, operating costs and the outlook for artificial intelligence and robotics when Tesla reports Q3 results. Tesla Q3 earnings preview
Negative Sentiment: Cybertruck demand is a concern: New estimates indicate Cybertruck sales remain far below Elon Musk’s ambitious target, raising questions about product demand and Tesla’s ability to diversify beyond its core models. Cybertruck deliveries look dismal
Negative Sentiment: Regulatory and valuation risks persist: U.S. regulators are examining allegations that Tesla robotaxis exceeded speed limits in school zones, while Tesla’s roughly $1.5 trillion valuation leaves limited room for execution mistakes. Political activity by Elon Musk and intensifying EV competition add further uncertainty. Tesla robotaxi regulatory scrutiny

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’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 value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Tesla Price Performance

Shares of TSLA stock traded down $3.21 on Tuesday, reaching $374.81. 9,435,366 shares of the company were exchanged, compared to its average volume of 50,919,730. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The business has a 50-day moving average price of $356.73 and a 200 day moving average price of $377.16. The company has a market cap of $1.48 trillion, a price-to-earnings ratio of 347.57, a P/E/G ratio of 23.45 and a beta of 1.92.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSLA shares. William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the company a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a report on Friday, September 25th. Morgan Stanley reiterated a “reduce” rating on shares of Tesla in a report on Monday, September 14th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Tesla in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $412.33.

Read Our Latest Report on TSLA

Tesla Profile

(Free Report)

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.