Tesla, Inc. $TSLA Stock Holdings Raised by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 29.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,086 shares of the electric vehicle producer’s stock after purchasing an additional 24,818 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Tesla were worth $39,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the second quarter worth approximately $25,000. Friedenthal Financial increased its holdings in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in shares of Tesla during the second quarter valued at approximately $34,000. Lam Group Inc. acquired a new position in shares of Tesla during the first quarter worth approximately $37,000. Finally, Montgomery Financial Services LLC bought a new position in shares of Tesla in the 2nd quarter worth $40,000. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was 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 in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s third-quarter deliveries totaled 486,532 vehicles, well above analysts’ expectations of roughly 462,000. The result helped support the automotive outlook, although deliveries remained below the prior year. Tesla delivery and valuation analysis
• Positive Sentiment: Tesla’s robotaxi efforts remain a major potential growth driver. The Austin Cybercab fleet reportedly expanded eightfold in one month, while the company is considering additional markets such as Dallas. Tesla robotaxi fleet expansion
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other non-automotive businesses, while retaining a Hold rating. Jefferies raises Tesla price target
• Positive Sentiment: Erste Group modestly increased its FY2027 Tesla EPS forecast to $1.13 from $1.12, signaling some confidence in longer-term earnings growth. Tesla earnings estimate update
• Neutral Sentiment: The delayed next-generation Roadster is expected to be revealed October 15. Possible SpaceX thruster features are generating investor enthusiasm, but the event’s commercial and production impact remains uncertain. Tesla Roadster reveal
• Neutral Sentiment: Investors are focused on the October 21 earnings report, particularly automotive margins, softer year-over-year deliveries, energy-storage growth and services revenue. Tesla earnings preview
• Negative Sentiment: U.S. regulators are examining allegations that Tesla robotaxis exceeded speed limits in active school zones. Additional scrutiny could slow autonomous-vehicle expansion and raise safety-related costs. Tesla robotaxi safety inquiry
• Negative Sentiment: Analysts have expressed concern about Tesla’s planned capital spending, reportedly approaching $25 billion, which could pressure free cash flow and earnings if new businesses take longer to scale. Tesla spending concerns
• Negative Sentiment: At roughly 347 times earnings, Tesla’s valuation leaves little room for execution misses. Investors remain concerned about weak profitability, disappointing Cybertruck demand and intensifying competition in affordable EVs and autonomous driving.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a research report on Monday, September 28th. Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research report on Monday, July 27th. Stifel Nicolaus set a $491.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $412.33.

Tesla Price Performance

Tesla stock opened at $375.23 on Wednesday. The business’s 50 day simple moving average is $357.69 and its 200 day simple moving average is $377.09. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a market cap of $1.48 trillion, a price-to-earnings ratio of 347.44, a PEG ratio of 23.17 and a beta of 1.92. 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 (NASDAQ:TSLA) last released its earnings results 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 firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 0.73 EPS for the current year.

About Tesla

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.