Tesla, Inc. $TSLA Stock: Carmel Capital Partners LLC Reduces Holdings

Carmel Capital Partners LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,169 shares of the electric vehicle producer’s stock after selling 1,653 shares during the quarter. Tesla accounts for approximately 1.4% of Carmel Capital Partners LLC’s portfolio, making the stock its 21st largest position. Carmel Capital Partners LLC’s holdings in Tesla were worth $3,963,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Keyes Stange & Wooten Wealth Management LLC lifted its position in shares of Tesla by 8.7% during the third quarter. Keyes Stange & Wooten Wealth Management LLC now owns 663 shares of the electric vehicle producer’s stock worth $235,000 after purchasing an additional 53 shares in the last quarter. Cannon Capital Management Inc. acquired a new stake in Tesla during the 3rd quarter worth approximately $200,000. Ashton Thomas Private Wealth LLC boosted its position in Tesla by 2.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 22,392 shares of the electric vehicle producer’s stock valued at $7,945,000 after buying an additional 546 shares during the period. Canvas Wealth Advisors LLC grew its stake in shares of Tesla by 7.7% in the third quarter. Canvas Wealth Advisors LLC now owns 46,073 shares of the electric vehicle producer’s stock worth $16,347,000 after acquiring an additional 3,281 shares in the last quarter. Finally, Asset One Wealth Management LLC increased its position in shares of Tesla by 1.7% during the third quarter. Asset One Wealth Management LLC now owns 9,037 shares of the electric vehicle producer’s stock worth $3,206,000 after acquiring an additional 148 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key 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

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. TD Cowen began coverage on Tesla in a research note on Monday, October 26th. They set a “hold” rating for the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Monness Crespi & Hardt initiated coverage on shares of Tesla in a research note on Monday, October 26th. They set a “buy” rating for the company. JPMorgan Chase & Co. increased their target price on Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Finally, DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Stock Up 4.2%

Shares of NASDAQ TSLA traded up $14.53 during mid-day trading on Friday, reaching $358.22. The company had a trading volume of 36,597,110 shares, compared to its average volume of 36,353,072. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $372.14 and a two-hundred day simple moving average of $384.35. The stock has a market cap of $1.42 trillion, a P/E ratio of 393.65, a PEG ratio of 25.01 and a beta of 1.74. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Tesla’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

About Tesla

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.