4,306 Tesla, Inc. $TSLA Shares Bought by N10 Wealth LLC

N10 Wealth LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 41.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,724 shares of the electric vehicle producer’s stock after purchasing an additional 4,306 shares during the period. Tesla comprises about 1.5% of N10 Wealth LLC’s portfolio, making the stock its 25th biggest position. N10 Wealth LLC’s holdings in Tesla were worth $5,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp grew its holdings 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 valued at $49,402,312,000 after purchasing an additional 2,761,298 shares in the last quarter. Corient Private Wealth LLC increased its stake in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the period. Legal & General Group Plc acquired a new stake in Tesla during the 2nd quarter worth approximately $8,535,612,000. Amundi lifted its holdings in 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 buying an additional 2,727,141 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Tesla by 14.0% during the 4th 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 in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Down 2.2%

Shares of NASDAQ:TSLA opened at $367.16 on Thursday. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a market capitalization of $1.45 trillion, a PE ratio of 339.97, a P/E/G ratio of 24.37 and a beta of 1.92. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $358.60 and a 200-day simple moving average of $377.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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). The company had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, equities analysts predict that Tesla, Inc. will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on TSLA. Robert W. Baird set a $475.00 price target on shares of Tesla in a research note on Monday, July 27th. UBS Group reiterated a “buy” rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research note on Wednesday, October 7th. Citizens Jmp began coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. Barclays upped their price target on Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley reaffirmed a “reduce” rating on shares of Tesla in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $412.33.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

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.