Greenup Street Wealth Management LLC Purchases 2,879 Shares of Tesla, Inc. $TSLA

Greenup Street Wealth Management LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 20.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,172 shares of the electric vehicle producer’s stock after purchasing an additional 2,879 shares during the quarter. Tesla comprises about 0.7% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Greenup Street Wealth Management LLC’s holdings in Tesla were worth $6,093,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSLA. State Street Corp grew its holdings in Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares in the last quarter. Amundi raised its holdings in shares of 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 acquiring an additional 2,727,141 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Tesla during the 2nd quarter valued at approximately $8,535,612,000. Bank of New York Mellon Corp bought a new position in shares of Tesla during the 2nd quarter valued at approximately $6,083,630,000. Finally, Bamco Inc. NY grew its holdings in shares of Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after purchasing an additional 591,243 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TSLA shares. Wall Street Zen downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Stifel Nicolaus set a $475.00 price objective on shares of Tesla in a research note on Thursday, October 22nd. BNP Paribas Exane upgraded shares of Tesla from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $266.00 to $420.00 in a report on Thursday, October 22nd. Citigroup restated a “neutral” rating on shares of Tesla in a research report on Wednesday, October 21st. Finally, Canaccord Genuity Group set a $442.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of “Moderate Buy” and a consensus target price of $414.51.

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 stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
• Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
• Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
• Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
• Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
• Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars

Tesla Trading Down 0.9%

TSLA opened at $399.81 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. The stock’s 50 day moving average price is $369.61 and its 200-day moving average price is $385.81. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 439.36, a P/E/G ratio of 24.98 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results 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. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period last year, the company earned $0.50 EPS. Tesla’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.

Tesla Profile

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.