1,431 Tesla, Inc. $TSLA Shares Acquired by Allen Investment Management LLC

Key Points

• Allen Investment Management increased its Tesla stake by 104.7% in the third quarter, buying 1,431 shares to bring its holding to 2,798 shares, valued at about $993,000.
• Institutional investors collectively owned 66.2% of Tesla shares. Tesla’s latest quarter slightly beat EPS expectations ($0.48 versus $0.46), while revenue of $28.05 billion narrowly missed forecasts and declined 0.2% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $414.51. News coverage also highlighted Tesla’s reported plan to wind down Cybertruck production around mid-2027 to make room for Cybercab robotaxis, though that opportunity remains unproven.

Allen Investment Management LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 104.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,798 shares of the electric vehicle producer's stock after buying an additional 1,431 shares during the period. Allen Investment Management LLC's holdings in Tesla were worth $993,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Tesla during the second quarter worth approximately $25,000. Harborfront Financial Group LLC bought a new position in Tesla in the second quarter worth approximately $34,000. Montgomery Financial Services LLC bought a new position in Tesla in the second quarter worth approximately $40,000. Timbuktu Capital Management LLC purchased a new position in Tesla during the 2nd quarter worth $42,000. Finally, Navigoe LLC purchased a new position in Tesla during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Key Headlines 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 Performance

Shares of Tesla stock opened at $358.22 on Friday. The company has a market capitalization of $1.42 trillion, a PE ratio of 393.65, a P/E/G ratio of 22.19 and a beta of 1.74. The company has a 50-day simple moving average of $372.14 and a two-hundred day simple moving average of $384.35. Tesla, Inc. has a one year low of $297.38 and a one year 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 released 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. The business had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company's revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. Research analysts expect that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on 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 sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSLA shares. Piper Sandler reiterated an "overweight" rating and issued a $475.00 target price (up from $450.00) on shares of Tesla in a report on Thursday, October 22nd. Canaccord Genuity Group set a $442.00 price target on Tesla and gave the company a "buy" rating in a research note on Thursday, October 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $485.00 price objective on shares of Tesla in a report on Monday, October 19th. Barclays upgraded Tesla from an "outperform" rating to an "overweight" rating and lifted their price objective for the company from $370.00 to $450.00 in a report on Monday, October 26th. Finally, HSBC reaffirmed a "reduce" rating and issued a $157.00 price objective on shares of Tesla in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $414.51.

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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