Tesla, Inc. $TSLA Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 93,221 shares of the electric vehicle producer’s stock after selling 4,528 shares during the quarter. Sterling Capital Management LLC’s holdings in Tesla were worth $33,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TSLA. Kennebec Savings Bank boosted its holdings in shares of Tesla by 39.5% during the 3rd quarter. Kennebec Savings Bank now owns 2,675 shares of the electric vehicle producer’s stock valued at $949,000 after acquiring an additional 758 shares during the last quarter. Christensen King & Associates Investment Services Inc. grew its stake in shares of Tesla by 4.3% in the third quarter. Christensen King & Associates Investment Services Inc. now owns 674 shares of the electric vehicle producer’s stock worth $239,000 after acquiring an additional 28 shares during the period. Opulen Financial Group LLC raised its holdings in shares of Tesla by 6.6% during the third quarter. Opulen Financial Group LLC now owns 1,463 shares of the electric vehicle producer’s stock valued at $519,000 after purchasing an additional 90 shares during the last quarter. TSA Wealth Managment LLC raised its holdings in shares of Tesla by 3.0% during the third quarter. TSA Wealth Managment LLC now owns 3,403 shares of the electric vehicle producer’s stock valued at $1,207,000 after purchasing an additional 99 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its position in Tesla by 70.6% during the third quarter. WASHINGTON TRUST Co now owns 870 shares of the electric vehicle producer’s stock valued at $309,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLA. Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. Mizuho boosted their target price on shares of Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company reissued a “buy” rating on shares of Tesla in a report on Thursday, October 1st. Wall Street Zen cut Tesla from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Royal Bank Of Canada downgraded Tesla from an “outperform” rating to a “sector perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $408.61.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $372.22 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.47 trillion, a PE ratio of 409.04, a price-to-earnings-growth ratio of 23.63 and a beta of 1.92. The firm’s 50 day moving average price is $364.01 and its 200-day moving average price is $377.22. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 0.71 EPS for the current year.

Key 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.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were 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 in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

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.