Tesla, Inc. $TSLA Stock: Provenance Wealth Advisors LLC Raises Position

Provenance Wealth Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA) by 3,676.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,582 shares of the electric vehicle producer’s stock after purchasing an additional 20,037 shares during the period. Tesla comprises about 0.4% of Provenance Wealth Advisors LLC’s holdings, making the stock its 29th largest position. Provenance Wealth Advisors LLC’s holdings in Tesla were worth $7,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its holdings in 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 buying an additional 2,761,298 shares during the last quarter. Amundi raised its position in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. Legal & General Group Plc acquired a new stake in Tesla in the second quarter valued at approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in Tesla in the second quarter valued at approximately $6,083,630,000. Finally, Bamco Inc. NY grew its position in Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Truist Financial set a $370.00 price target on shares of Tesla and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Tigress Financial started coverage on shares of Tesla in a research note on Thursday, October 22nd. They issued a “buy” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $475.00 price objective (up from $450.00) on shares of Tesla in a research note on Thursday, October 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $485.00 price objective on shares of Tesla in a report on Monday, October 19th. Finally, CLSA reissued an “underperform” rating on shares of Tesla in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $414.51.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded. October registrations rose sharply in several Northern European markets, including 248% year over year in Sweden and 131% in Norway, alongside gains in other European countries. The data may support hopes of a sales recovery. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Substantial electric-truck demand: a shipper alliance reportedly ordered 2,500 Tesla Semi trucks, a potentially meaningful commercial opportunity if deliveries and adoption follow through. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: Robotaxi expansion: Tesla’s service is set to reach Fort Worth, extending its footprint. The longer-term stock impact depends on customer uptake, operating economics and regulatory progress. Robotaxi Service Hits Fort Worth
• Negative Sentiment: China sales data were mixed, with a concerning sequential trend. China-made EV sales increased 10.3% year over year in October, but wholesale sales fell from September to their second-lowest level of 2026, raising concerns about demand and competition in a key market. Tesla’s China Wholesale Sales Sink Sequentially in October
• Negative Sentiment: South Korean consumer group alleges Tesla misled customers about its automated-driving technology. The claim could bring reputational or regulatory risk; it is an allegation, not a reported finding. Tesla misled South Korean customers, consumer group alleges

Insider Activity

In related 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 value of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company’s stock.

Tesla Stock Down 1.3%

Shares of Tesla stock opened at $398.50 on Wednesday. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 437.92, a PEG ratio of 25.01 and a beta of 1.74. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $371.42 and a two-hundred day moving average price of $385.39. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter last year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current year.

About Tesla

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.