Tesla, Inc. $TSLA Stock Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 21,037 shares of the electric vehicle producer’s stock after selling 2,778 shares during the period. Fulcrum Asset Management LLP’s holdings in Tesla were worth $7,423,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of 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. Legal & General Group Plc bought a new stake in Tesla in the 2nd quarter worth approximately $8,535,612,000. Amundi grew its position in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Tesla during the second quarter worth approximately $6,083,630,000. Finally, Bamco Inc. NY raised its stake in shares of Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent research reports. UBS Group upgraded shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday, October 26th. Canaccord Genuity Group set a $442.00 target price on shares of Tesla and gave the company a “buy” rating in a report on Thursday, October 22nd. Oppenheimer initiated coverage on shares of Tesla in a research report on Thursday, October 22nd. They issued an “outperform” rating on the stock. Mizuho lifted their target price on shares of Tesla from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.

Tesla Price Performance

TSLA opened at $358.22 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $372.14 and its 200 day simple moving average is $384.35. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 393.65, a PEG ratio of 22.19 and a beta of 1.74. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $28.06 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current year.

More Tesla News

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 firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Tesla Company 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.