Tesla, Inc. $TSLA Stock Position Lowered by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 69.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 910 shares of the electric vehicle producer’s stock after selling 2,044 shares during the quarter. Legacy Wealth Management LLC MS’s holdings in Tesla were worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bauman Advisory Group LLC grew its stake in Tesla by 6.7% in the 3rd quarter. Bauman Advisory Group LLC now owns 713 shares of the electric vehicle producer’s stock valued at $253,000 after acquiring an additional 45 shares during the period. VCI Wealth Management LLC increased its holdings in Tesla by 7.0% in the 3rd quarter. VCI Wealth Management LLC now owns 12,725 shares of the electric vehicle producer’s stock worth $4,515,000 after acquiring an additional 830 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in Tesla by 2.5% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 286,898 shares of the electric vehicle producer’s stock worth $101,794,000 after acquiring an additional 6,901 shares during the period. Torren Management LLC raised its position in Tesla by 924.5% during the third quarter. Torren Management LLC now owns 502 shares of the electric vehicle producer’s stock worth $178,000 after acquiring an additional 453 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC raised its position in Tesla by 2.4% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 13,695 shares of the electric vehicle producer’s stock worth $4,859,000 after acquiring an additional 315 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded sharply. October registrations rose 248% year over year in Sweden, 131% in Norway, 34% in Denmark, 186.1% in Portugal and 94% in Italy. The data suggest Tesla’s sales decline in Europe may be stabilizing, although comparisons may benefit from a weak prior-year period. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Robotaxi expansion strengthened Tesla’s long-term growth narrative. Tesla’s Texas robotaxi fleet reportedly reached 1,244 vehicles, nearly matching Waymo, while planned expansion into additional cities and Nevada approvals could increase recurring, software-related revenue. Analysts also highlighted Tesla’s potential cost advantage over Waymo vehicles. Tesla’s 128% Robotaxi Surge Puts It Just 15 Cars Behind Waymo
• Positive Sentiment: Commercial vehicle demand provided another potential catalyst. A shipper alliance placed an order for 2,500 Tesla Semi trucks, potentially improving production scale and validating Tesla’s position in electric freight. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: SpaceX merger speculation remained a major valuation wildcard. Analysts modeled potential reactions to an all-stock combination, while investor Gary Black warned that large, complex transactions can pressure the acquiring company’s shares. Any deal could add exposure to SpaceX’s growth but also create dilution, governance and execution risks. Analyst models potential market reaction to a SpaceX-Tesla all-stock merger
• Negative Sentiment: China competition continued to worsen. BYD, Xiaomi and XPeng reported strong October sales, while Tesla is relying more heavily on Shanghai exports. This raises concerns about pricing pressure, local market share and Tesla’s ability to sustain growth in its most important production hub. Tesla’s China Problem Gets Harder to Ignore
• Negative Sentiment: Valuation and market-share risks remain substantial. Investor Gary Black said Tesla’s U.S. EV share has fallen sharply and called for better marketing. With Tesla trading at an exceptionally high earnings multiple, further share losses or delays in autonomy monetization could weigh on the stock. Gary Black warns Tesla needs better marketing

Tesla Price Performance

TSLA stock opened at $403.82 on Tuesday. 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 business has a 50 day simple moving average of $370.43 and a 200-day simple moving average of $385.59. The firm has a market capitalization of $1.60 trillion, a PE ratio of 443.76, a price-to-earnings-growth ratio of 25.04 and a beta of 1.92. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS 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 analysts’ expectations of $28.06 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on TSLA shares. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, October 21st. Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. CLSA restated an “underperform” rating on shares of Tesla in a research report on Monday, October 26th. Yorkville Ives began coverage on shares of Tesla in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price target on the stock. Finally, Royal Bank Of Canada lowered shares of Tesla from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Moderate Buy” and a consensus price target of $414.51.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

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.