Tesla, Inc. $TSLA Stock Sold by Formuepleje A S

Formuepleje A S cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.2% in the third quarter, HoldingsChannel reports. The fund owned 12,417 shares of the electric vehicle producer’s stock after selling 2,219 shares during the quarter. Formuepleje A S’s holdings in Tesla were worth $4,406,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp increased its stake in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after acquiring an additional 2,761,298 shares during the last quarter. Amundi raised its stake in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Tesla in the 2nd quarter valued at approximately $8,535,612,000. Finally, Invesco Ltd. increased its holdings in Tesla by 14.0% in the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock worth $7,636,301,000 after buying an additional 2,082,813 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Tigress Financial reaffirmed a “buy” rating and issued a $550.00 price target on shares of Tesla in a research report on Thursday, October 8th. DZ Bank upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday. BNP Paribas Exane decreased their target price on shares of Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research report on Thursday, September 24th. Finally, Piper Sandler started coverage on shares of Tesla in a research note on Monday, September 14th. They set an “overweight” rating for the company. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $412.33.

Tesla Stock Performance

TSLA stock opened at $362.44 on Friday. The company has a 50 day moving average price of $359.46 and a 200 day moving average price of $377.06. 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 current ratio of 1.94 and a quick ratio of 1.55. The stock has a market capitalization of $1.43 trillion, a PE ratio of 335.60, a price-to-earnings-growth ratio of 23.84 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 EPS. Tesla’s revenue was up 25.5% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 0.69 EPS for the current year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Insider Activity at Tesla

In other 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 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 Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

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.