Balentine LLC Sells 1,965 Shares of Tesla, Inc. $TSLA

Balentine LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 55.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,604 shares of the electric vehicle producer’s stock after selling 1,965 shares during the quarter. Balentine LLC’s holdings in Tesla were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the 2nd quarter valued at $25,000. Harborfront Financial Group LLC purchased a new stake in Tesla in the second quarter worth $34,000. Montgomery Financial Services LLC purchased a new stake in Tesla in the second quarter worth $40,000. Timbuktu Capital Management LLC bought a new stake in shares of Tesla during the second quarter worth $42,000. Finally, Navigoe LLC bought a new stake in shares of Tesla during the second quarter worth $45,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLA. UBS Group raised shares of Tesla from a “neutral” rating to a “buy” rating in a research note on Monday, October 26th. Jefferies Financial Group raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Monday, October 26th. Morgan Stanley upgraded shares of Tesla from a “reduce” rating to an “overweight” rating in a report on Monday, October 26th. Monness Crespi & Hardt assumed coverage on shares of Tesla in a research report on Monday, October 26th. They issued a “buy” rating for the company. Finally, KeyCorp upgraded shares of Tesla to a “sector weight” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Price Performance

Shares of TSLA stock opened at $358.22 on Friday. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $372.14 and a two-hundred day simple moving average of $384.35. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a P/E/G ratio of 22.19 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’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 completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.

About Tesla

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.