Mather Group LLC. raised its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 27.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 33,361 shares of the electric vehicle producer’s stock after purchasing an additional 7,129 shares during the period. Mather Group LLC.’s holdings in Tesla were worth $11,837,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Tesla during the 2nd quarter valued at $25,000. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new position in Tesla in the 2nd quarter worth $34,000. Montgomery Financial Services LLC bought a new position in Tesla in the 2nd quarter worth $40,000. Finally, Lam Group Inc. purchased a new stake in Tesla in the 1st quarter worth $37,000. 66.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on TSLA. Jefferies Financial Group reissued a “hold” rating and set a $400.00 price target (up from $350.00) on shares of Tesla in a report on Monday. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Monday, September 21st. Stifel Nicolaus set a $491.00 target price on Tesla and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Guggenheim initiated coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $412.33.
Check Out Our Latest Stock Report on Tesla
Key Stories 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
Tesla Stock Performance
TSLA opened at $367.16 on Thursday. The stock has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 339.97, a PEG ratio of 24.37 and a beta of 1.92. The company has a fifty day moving average of $358.60 and a 200 day moving average of $377.05. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week 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.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly 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 company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 0.69 earnings per share for the current fiscal year.
Insider Buying and Selling at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated 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 $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale 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. 19.90% of the stock is currently owned by insiders.
Tesla Company 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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