3,053 Tesla, Inc. $TSLA Shares Purchased by Platform Technology Partners

Platform Technology Partners boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,854 shares of the electric vehicle producer’s stock after buying an additional 3,053 shares during the period. Tesla makes up approximately 1.3% of Platform Technology Partners’ investment portfolio, making the stock its 19th largest holding. Platform Technology Partners’ holdings in Tesla were worth $8,109,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in 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 buying an additional 591,243 shares in the last quarter. One Plus One Wealth Management LLC purchased a new stake in shares of Tesla during the 2nd quarter worth about $1,009,000. Bessemer Group Inc. boosted its stake in shares of Tesla by 23.6% during the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after acquiring an additional 10,747 shares in the last quarter. H&H International Investment LLC acquired a new stake in shares of Tesla during the 1st quarter valued at about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Tesla by 12.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock valued at $15,470,000 after acquiring an additional 4,806 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred 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 sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

Tesla Stock Down 10.8%

TSLA opened at $343.69 on Friday. The company has a market cap of $1.36 trillion, a PE ratio of 377.69, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a 50-day moving average price of $372.07 and a 200 day moving average price of $384.65. 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 posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. During the same period in the previous year, the firm posted $0.50 EPS. Tesla’s revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
• Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
• Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
• Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
• Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. Royal Bank Of Canada lowered Tesla from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 22nd. Roth Capital reissued a “buy” rating and issued a $505.00 price objective on shares of Tesla in a report on Thursday, July 23rd. Oppenheimer started coverage on Tesla in a research report on Thursday, October 22nd. They issued an “outperform” rating for the company. Tigress Financial assumed coverage on Tesla in a research note on Thursday, October 22nd. They set a “buy” rating for the company. Finally, DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tesla currently has an average rating of “Moderate Buy” and a consensus target price of $414.51.

About Tesla

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.