Werba Rubin Papier Wealth Management Acquires 1,647 Shares of Tesla, Inc. $TSLA

Werba Rubin Papier Wealth Management boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.8% in the 3rd quarter, Holdings Channel reports. The fund owned 7,358 shares of the electric vehicle producer’s stock after acquiring an additional 1,647 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Tesla were worth $2,611,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nikulski Financial Inc. grew its holdings in Tesla by 30.8% in the 3rd quarter. Nikulski Financial Inc. now owns 12,490 shares of the electric vehicle producer’s stock valued at $4,432,000 after buying an additional 2,942 shares in the last quarter. Welch Financial Planning LLC acquired a new position in shares of Tesla during the 3rd quarter valued at about $275,000. Austin Wealth Management LLC boosted its position in shares of Tesla by 31.8% during the 3rd quarter. Austin Wealth Management LLC now owns 3,688 shares of the electric vehicle producer’s stock valued at $1,383,000 after acquiring an additional 889 shares during the last quarter. Spectrum Planning & Advisory Services Inc. grew its holdings in shares of Tesla by 34.0% in the third quarter. Spectrum Planning & Advisory Services Inc. now owns 1,571 shares of the electric vehicle producer’s stock valued at $557,000 after purchasing an additional 399 shares during the period. Finally, Bingham Private Wealth LLC grew its holdings in shares of Tesla by 5.7% in the third quarter. Bingham Private Wealth LLC now owns 2,901 shares of the electric vehicle producer’s stock valued at $1,029,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Latest Tesla News

Here’s some of the latest news about TSLA:

• Positive Sentiment: Reports say Tesla and SpaceX have formed committees to assess an all-stock merger and that talks are advancing, with an announcement possible by December. The prospect of combining Tesla’s automotive and autonomy businesses with SpaceX has fueled optimism, though no agreement is confirmed and a deal could bring valuation and dilution risks. Article: SpaceX and Tesla Talks on Record Merger Are Said to Progress
• Positive Sentiment: Progress in autonomy offers another potential growth narrative: Finland approved Tesla’s assisted-driving system, adding to the countries permitting it ahead of a broader EU decision. Tesla also says its Robotaxi service now runs around the clock in active cities, and reports say its registered Texas fleet has surpassed Waymo’s. Commercial scale and profitability have yet to be demonstrated. Article: Finland approves Tesla’s Assisted Driving system Article: Tesla Robotaxi 24/7 operations
• Negative Sentiment: Bearish commentary points to Tesla’s rich valuation and limited near-term profit growth. A separate report says Musk’s proposed chip-building ambitions could require enormous investment—potentially beyond Tesla’s cash-flow capacity—raising questions about funding and returns. Article: Tesla valuation downgrade Article: Musk’s chip plan and Tesla cash flow

Tesla Stock Performance

Shares of Tesla stock opened at $397.45 on Friday. The firm has a market cap of $1.57 trillion, a PE ratio of 436.76, a price-to-earnings-growth ratio of 24.21 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. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The business’s fifty day simple moving average is $374.47 and its 200-day simple moving average is $383.25.

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

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company restated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Deutsche Bank started coverage on shares of Tesla in a report on Monday, October 26th. They issued a “buy” rating on the stock. TD Cowen assumed coverage on shares of Tesla in a research note on Monday, October 26th. They issued a “hold” rating for the company. Citigroup reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, October 21st. Finally, UBS Group upgraded shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $414.51.

Tesla Profile

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.