Tesla, Inc. $TSLA Stock: New Harbor Financial Group LLC Lowers Stake

New Harbor Financial Group LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 56.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,674 shares of the electric vehicle producer’s stock after selling 2,143 shares during the period. New Harbor Financial Group LLC’s holdings in Tesla were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in Tesla in the 2nd quarter valued at about $8,535,612,000. Bank of New York Mellon Corp bought a new position in Tesla in the second quarter worth approximately $6,083,630,000. Deutsche Bank AG bought a new position in Tesla in the second quarter worth approximately $4,039,090,000. Canada Pension Plan Investment Board acquired a new stake in Tesla in the second quarter valued at approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Tesla during the second quarter valued at approximately $2,995,584,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $2.36 on Friday, hitting $372.22. The company’s stock had a trading volume of 34,679,783 shares, compared to its average volume of 36,818,196. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a 50-day simple moving average of $364.01 and a 200 day simple moving average of $377.22. The company has a market capitalization of $1.47 trillion, a PE ratio of 409.04, a PEG ratio of 23.78 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Insider Activity

In other Tesla 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Tesla from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada cut shares of Tesla from an “outperform” rating to a “sector perform” rating in a research report on Thursday. TD Cowen reiterated a “buy” rating and set a $460.00 price target on shares of Tesla in a research note on Thursday. Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday. Finally, CLSA upgraded Tesla from an “underperform” rating to a “hold” rating and upped their price target for the stock from $310.00 to $400.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $408.61.

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.