Tesla, Inc. $TSLA Shares Acquired by TOWER TRUST & INVESTMENT Co

TOWER TRUST & INVESTMENT Co boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2,038.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,604 shares of the electric vehicle producer’s stock after acquiring an additional 1,529 shares during the quarter. TOWER TRUST & INVESTMENT Co’s holdings in Tesla were worth $569,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA bought a new position in shares of Tesla in the second quarter worth $25,000. Harborfront Financial Group LLC bought a new stake in shares of Tesla during the second quarter valued at about $34,000. Montgomery Financial Services LLC bought a new stake in shares of Tesla during the second quarter valued at about $40,000. Timbuktu Capital Management LLC acquired a new stake in Tesla in the second quarter worth about $42,000. Finally, Navigoe LLC acquired a new stake in Tesla in the second quarter worth about $45,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSLA. Truist Financial set a $370.00 target price on shares of Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. Oppenheimer assumed coverage on shares of Tesla in a research report on Thursday, October 22nd. They set an “outperform” rating on the stock. Stifel Nicolaus set a $475.00 price target on shares of Tesla in a research note on Thursday, October 22nd. Canaccord Genuity Group set a $442.00 price objective on shares of Tesla and gave the company a “buy” rating in a report on Thursday, October 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, October 21st. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $414.51.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were 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 owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company’s stock.

Tesla Trading Down 0.2%

Shares of TSLA stock opened at $403.30 on Friday. The stock has a 50-day simple moving average of $368.51 and a 200 day simple moving average of $386.05. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 443.19, a P/E/G ratio of 25.04 and a beta of 1.92. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its 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 for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Tesla’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Improved cash generation: Tesla generated approximately $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion. However, the improvement was partly driven by lower-than-expected capital expenditures rather than stronger operating profitability. Tesla’s Free Cash Flow Beat
• Positive Sentiment: Autonomy developments: A South Korean court dismissed a lawsuit from 88 owners seeking refunds over delayed FSD features, removing a potential legal and financial liability. Robotaxi expansion plans and rising FSD adoption also support the long-term growth narrative. South Korea FSD lawsuit
• Positive Sentiment: Analyst and investor support: Barclays upgraded TSLA to Overweight with a $450 target, citing potential strength in vehicles, energy storage and FSD subscriptions. ETFs also reportedly purchased $40.7 million of Tesla shares on October 27. Barclays Tesla upgrade
• Positive Sentiment: European demand: Tesla recorded a reported 66,035 European registrations in September, with the Model Y and Model 3 ranking first and second, helping offset weakness in China. Tesla European registrations
• Neutral Sentiment: SpaceX merger speculation: Elon Musk called a Tesla-SpaceX combination a good idea but acknowledged that winning shareholder approval would be difficult. No transaction has been announced, leaving the speculation a potential catalyst but also a source of volatility. Musk discusses Tesla-SpaceX merger
• Negative Sentiment: Profitability concerns: Tesla’s EV deliveries and earnings have weakened, while operating income reportedly fell 56%. More than 70% of revenue still comes from passenger EVs, making the company vulnerable to pricing pressure and slowing demand. Tesla EV business concerns
• Negative Sentiment: Market and execution risks: Alphabet’s disappointing results pressured technology stocks broadly, while reports of inefficient Robotaxi routing in Houston raised questions about autonomous-service reliability. Rising interest rates also pose a threat to TSLA’s very high valuation multiple.

Tesla Company 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.