Commonwealth Equity Services LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 810,706 shares of the electric vehicle producer’s stock after acquiring an additional 22,946 shares during the period. Commonwealth Equity Services LLC’s holdings in Tesla were worth $287,646,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bamco Inc. NY raised its position in shares of Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the period. One Plus One Wealth Management LLC bought a new stake in shares of Tesla during the 2nd quarter worth $1,009,000. Bessemer Group Inc. boosted its holdings in shares of Tesla by 23.6% during the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after buying an additional 10,747 shares during the period. H&H International Investment LLC acquired a new position in Tesla in the 1st quarter valued at $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock valued at $15,470,000 after buying an additional 4,806 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.
Tesla Trading Down 10.8%
Shares of Tesla stock opened at $343.69 on Friday. The company’s fifty day simple moving average is $372.07 and its 200-day simple moving average is $384.65. The company has a market cap of $1.36 trillion, a price-to-earnings ratio of 377.69, a PEG ratio of 23.86 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 earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. Tesla’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 0.67 EPS for the current year.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
- Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
- Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
- Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
- Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on TSLA shares. Oppenheimer initiated coverage on shares of Tesla in a report on Thursday, October 22nd. They issued an “outperform” rating on the stock. Robert W. Baird set a $475.00 target price on shares of Tesla in a research report on Monday, July 27th. Monness Crespi & Hardt initiated coverage on shares of Tesla in a report on Monday, October 26th. They set a “buy” rating for the company. Tigress Financial started coverage on Tesla in a research report on Thursday, October 22nd. They issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.
View Our Latest Research Report 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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