121,434 Tesla, Inc. $TSLA Shares Sold by Jefferies Financial Group Inc.

Key Points

• Jefferies cut its Tesla stake by 54.7%, selling 121,434 shares in the third quarter; it still held 100,489 shares worth about $35.6 million.
• Institutional investors own 66.2% of Tesla shares, with recent filings showing mixed moves: some funds increased holdings while Jefferies reduced its position.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $414.51. Tesla narrowly beat quarterly EPS estimates, while revenue was nearly flat year over year.

Jefferies Financial Group Inc. trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 54.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,489 shares of the electric vehicle producer's stock after selling 121,434 shares during the period. Jefferies Financial Group Inc.'s holdings in Tesla were worth $35,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. Bamco Inc. NY raised its position in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the period. One Plus One Wealth Management LLC bought a new position in Tesla in the 2nd quarter worth $1,009,000. Bessemer Group Inc. boosted its holdings in Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock worth $20,908,000 after buying an additional 10,747 shares during the period. H&H International Investment LLC bought a new position in Tesla in the 1st quarter worth $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer's stock worth $15,470,000 after buying an additional 4,806 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Top Tesla Stories

Here are a few of the latest stories about TSLA:

• Positive Sentiment: Finland approved Tesla’s supervised driver-assistance system for use on its roads. The decision could help Tesla build momentum in Europe, though broader EU approval is still pending and the system may face limitations. Reuters: Finland approves Tesla's Assisted Driving system
• Positive Sentiment: Elon Musk said Cybertruck production will continue through summer 2027 to help clear a backlog, extending the truck’s run beyond the previously discussed wind-down timeline. This suggests demand remains ahead of current production, although Tesla still plans to shift factory capacity toward its Cybercab robotaxi. CBS News: Tesla extends Cybertruck production to clear backlog
• Negative Sentiment: Tesla’s October retail sales in China were reported to be their weakest since 2022, raising questions about demand and the company’s ability to meet year-end targets in a major market. Barron's: Tesla's China Sales Hit Lowest Since 2022

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 stock was 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 $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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.

Analyst Ratings Changes

A number of equities research analysts have commented on TSLA shares. UBS Group raised Tesla from a "neutral" rating to a "buy" rating in a report on Monday, October 26th. Mizuho upped their price objective on Tesla from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. Yorkville Ives initiated coverage on Tesla in a research report on Wednesday, October 7th. They set an "outperform" rating and a $500.00 target price for the company. HSBC reissued a "reduce" rating and set a $157.00 target price on shares of Tesla in a research note on Monday, October 5th. Finally, Wall Street Zen cut Tesla from a "hold" rating to a "sell" rating in a report on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $414.51.

Tesla Stock Performance

TSLA opened at $390.82 on Thursday. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 429.48, a PEG ratio of 23.53 and a beta of 1.74. The company has a fifty day moving average of $373.66 and a 200 day moving average of $383.44. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74.

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

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.

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