Tesla, Inc. $TSLA Shares Newly Acquired by Cornerstone Wealth Advisors Inc.

Cornerstone Wealth Advisors Inc. bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,559 shares of the electric vehicle producer’s stock, valued at approximately $1,263,000. Tesla makes up 0.3% of Cornerstone Wealth Advisors Inc.’s investment portfolio, making the stock its 26th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla during the 2nd quarter valued at about $25,000. Friedenthal Financial lifted its holdings in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new position in Tesla in the 2nd quarter worth about $34,000. Montgomery Financial Services LLC purchased a new position in Tesla during the 2nd quarter worth $40,000. Finally, Lam Group Inc. bought a new stake in shares of Tesla in the first quarter valued at about $37,000. Institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Tesla Stock Down 2.1%

Shares of TSLA opened at $354.72 on Friday. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a market capitalization of $1.40 trillion, a PE ratio of 328.45, a price-to-earnings-growth ratio of 23.53 and a beta of 1.92. The stock has a fifty day simple moving average of $359.98 and a two-hundred day simple moving average of $376.90. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 0.69 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Tesla in a report on Friday, August 14th. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Morgan Stanley restated a “reduce” rating on shares of Tesla in a research note on Monday, September 14th. KeyCorp raised shares of Tesla to a “sector weight” rating in a research report on Monday, September 28th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $412.33.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly 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 link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

About Tesla

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.