Tesla, Inc. $TSLA Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,660 shares of the electric vehicle producer’s stock after selling 3,526 shares during the quarter. Tesla accounts for 0.6% of Brighton Jones LLC’s investment portfolio, making the stock its 28th biggest position. Brighton Jones LLC’s holdings in Tesla were worth $32,522,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Candriam S.C.A. grew its stake in shares of Tesla by 2.7% during the third quarter. Candriam S.C.A. now owns 322,479 shares of the electric vehicle producer’s stock valued at $114,837,000 after buying an additional 8,519 shares during the last quarter. American State Bank Iowa lifted its stake in shares of Tesla by 7.0% in the 3rd quarter. American State Bank Iowa now owns 2,661 shares of the electric vehicle producer’s stock valued at $944,000 after acquiring an additional 174 shares during the last quarter. Cullinan Associates Inc. lifted its stake in shares of Tesla by 40.0% in the 3rd quarter. Cullinan Associates Inc. now owns 5,321 shares of the electric vehicle producer’s stock valued at $1,888,000 after acquiring an additional 1,521 shares during the last quarter. Uhlmann Price Securities LLC boosted its holdings in Tesla by 78.4% during the 3rd quarter. Uhlmann Price Securities LLC now owns 1,388 shares of the electric vehicle producer’s stock valued at $492,000 after acquiring an additional 610 shares during the period. Finally, Ethic Inc. boosted its holdings in Tesla by 22.2% during the 3rd quarter. Ethic Inc. now owns 238,044 shares of the electric vehicle producer’s stock valued at $84,460,000 after acquiring an additional 43,267 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla 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 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 trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a 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 currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on TSLA. Canaccord Genuity Group set a $442.00 price target on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 22nd. UBS Group raised Tesla from a “neutral” rating to a “buy” rating in a research note on Monday, October 26th. Mizuho increased their price objective on Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday. 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.51.

Key Stories Impacting Tesla

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

Tesla Stock Up 4.2%

Shares of NASDAQ TSLA opened at $358.22 on Friday. The firm has a fifty day simple moving average of $372.14 and a two-hundred day simple moving average of $384.35. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. 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 market capitalization of $1.42 trillion, a PE ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last announced its 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 for the quarter, compared to analyst estimates of $28.06 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current year.

Tesla Company Profile

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.