Generate Investment Management Ltd Acquires 20,898 Shares of Tesla, Inc. $TSLA

Generate Investment Management Ltd lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 100.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,753 shares of the electric vehicle producer’s stock after purchasing an additional 20,898 shares during the quarter. Generate Investment Management Ltd’s holdings in Tesla were worth $14,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Trail Advisors LLC grew its position in Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after buying an additional 25 shares in the last quarter. Peirce Capital Management LLC raised its holdings 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 valued at $697,000 after acquiring an additional 25 shares in the last quarter. Retirement Planning Group LLC NY raised its holdings 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 valued at $265,000 after acquiring an additional 26 shares in the last quarter. Phillip James Consulting Co. lifted its position in shares of 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 acquiring an additional 26 shares during the period. Finally, Cadence Wealth Management LLC lifted its position in shares of 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 acquiring an additional 26 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. TD Cowen reissued a “buy” rating on shares of Tesla in a report on Friday, August 14th. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the company a “buy” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research report on Monday, September 28th. Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Truist Financial set a $370.00 price target on shares of Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $412.33.

Insider Activity

In other 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 transaction of $938,498.78. Following the completion of the transaction, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla will livestream its long-delayed next-generation Roadster reveal on October 15. Elon Musk’s hints about possible SpaceX-powered features and “Back to the Future” references are generating investor interest and could provide a near-term sentiment catalyst. Tesla Roadster reveal nears
• Positive Sentiment: Tesla and Pilot opened their first Megacharger location for heavy-duty electric trucks, with 12 additional sites under construction. The network could support Tesla Semi adoption and expand the company’s energy and charging opportunity. Pilot and Tesla open first Megacharger site
• Positive Sentiment: Robotaxi developments remain a key bullish argument: Tesla’s Austin driverless fleet reportedly expanded eightfold in one month, while Cybercab and supervised FSD are receiving increased attention in Europe. Tesla robotaxi fleet expands in Austin
• Neutral Sentiment: Tesla reports third-quarter results on October 21. Deliveries of 486,532 vehicles exceeded estimates but declined year over year, making automotive revenue, margins, energy storage and services growth the main issues for investors. Analysts expect earnings to decline, and Zacks sees no clear combination of factors supporting an earnings beat. Tesla Q3 earnings preview
• Negative Sentiment: Investors remain concerned about Tesla’s more than $25 billion capital-spending plan, including the proposed Terafab chip facility with SpaceX and potential Intel involvement. The project could improve long-term control over AI chips, but it also raises funding, execution and distraction risks while Tesla trades at an exceptionally elevated earnings multiple. Tesla valuation and Terafab analysis
• Negative Sentiment: Fresh regulatory scrutiny of Tesla robotaxis over alleged speeding in school zones, alongside questions about weak Cybertruck demand and intense competition in affordable EVs, adds to concerns about near-term execution and brand risk. Tesla robotaxi investigation

Tesla Price Performance

Shares of TSLA traded down $8.07 during mid-day trading on Wednesday, reaching $367.16. The company had a trading volume of 16,337,826 shares, compared to its average volume of 50,785,078. The company’s 50 day simple moving average is $357.69 and its 200 day simple moving average is $377.09. 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 company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 340.01, a P/E/G ratio of 23.17 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Analysts expect that Tesla, Inc. will post 0.73 EPS for the current year.

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.