Mather Group LLC. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 27.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,361 shares of the electric vehicle producer’s stock after acquiring an additional 7,129 shares during the period. Mather Group LLC.’s holdings in Tesla were worth $11,837,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Trail Advisors LLC raised its holdings in shares of Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock valued at $605,000 after purchasing an additional 25 shares during the last quarter. Peirce Capital Management LLC grew its position in Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after purchasing an additional 25 shares during the period. Retirement Planning Group LLC NY grew its position in Tesla by 3.8% in the 1st quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 26 shares during the period. Phillip James Consulting Co. raised its stake in Tesla by 8.7% during the 1st quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 26 shares during the last quarter. Finally, Cadence Wealth Management LLC raised its stake in Tesla by 4.7% during the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock valued at $216,000 after buying an additional 26 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.
Tesla Stock Down 2.2%
Shares of TSLA stock opened at $367.16 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market cap of $1.45 trillion, a P/E ratio of 339.97, a P/E/G ratio of 24.37 and a beta of 1.92. The company has a 50 day simple moving average of $358.60 and a two-hundred day simple moving average of $377.05.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
- Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
- Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
- Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
- Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
- Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
- Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TSLA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a report on Monday, September 28th. DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Morgan Stanley reissued a “reduce” rating on shares of Tesla in a report on Monday, September 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $412.33.
Read Our Latest Research Report on Tesla
Insider Activity at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction 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 directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale 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. 19.90% of the stock is owned by company insiders.
Tesla 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.
Further Reading
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