1,314,699 Tesla, Inc. $TSLA Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Tesla stake by 99.3% in the third quarter, selling 1,314,699 shares and retaining 9,891 shares valued at approximately $3.5 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s growth outlook is supported by expansion of its Cybercab robotaxi fleet and potential demand for Megapack energy-storage products, though the departure of its energy and charging chief raises execution concerns.
• Tesla trades at a highly elevated valuation, with a P/E ratio above 335, while analysts cite weakening automotive margins, negative free cash flow and earnings pressure. The stock has an overall “Hold” consensus rating and an average price target of $412.33.

Curated Wealth Partners LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 99.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,891 shares of the electric vehicle producer's stock after selling 1,314,699 shares during the quarter. Curated Wealth Partners LLC's holdings in Tesla were worth $3,509,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TSLA. Mainsail Asset Management LLC boosted its holdings in shares of Tesla by 3.9% during the 3rd quarter. Mainsail Asset Management LLC now owns 3,920 shares of the electric vehicle producer's stock valued at $1,492,000 after acquiring an additional 148 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Tesla by 74.2% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,016 shares of the electric vehicle producer's stock worth $2,844,000 after acquiring an additional 3,414 shares during the last quarter. Nvwm LLC grew its position in Tesla by 448.2% during the 3rd quarter. Nvwm LLC now owns 2,330 shares of the electric vehicle producer's stock worth $827,000 after acquiring an additional 1,905 shares during the last quarter. Winnacle Wealth LLC increased its holdings in Tesla by 8.4% in the 3rd quarter. Winnacle Wealth LLC now owns 2,783 shares of the electric vehicle producer's stock worth $987,000 after purchasing an additional 215 shares in the last quarter. Finally, Nolet Wealth Management LLC increased its holdings in Tesla by 4.6% in the 3rd quarter. Nolet Wealth Management LLC now owns 1,478 shares of the electric vehicle producer's stock worth $524,000 after purchasing an additional 65 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Tesla Stock Performance

Shares of Tesla stock opened at $362.44 on Friday. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 335.60, a P/E/G ratio of 23.84 and a beta of 1.92. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company's fifty day moving average is $359.46 and its 200 day moving average is $377.06. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 0.69 EPS for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on TSLA. Wells Fargo & Company reiterated a "buy" rating on shares of Tesla in a research report on Thursday, October 1st. Jefferies Financial Group restated a "hold" rating and set a $400.00 price target (up from $350.00) on shares of Tesla in a report on Monday. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research note on Monday, September 21st. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a research note on Friday, September 25th. Finally, UBS Group reiterated a "buy" rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $412.33.

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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