1,529 Tesla, Inc. $TSLA Shares Bought by TOWER TRUST & INVESTMENT Co

Key Points

• TOWER TRUST & INVESTMENT Co increased its Tesla position by 2,038.7% in the third quarter, buying 1,529 shares to bring its holdings to 1,604 shares valued at approximately $569,000.
• Institutional investors and hedge funds own 66.2% of Tesla, with several firms—including Motley Fool Asset Management and DecisionPoint Financial—also increasing their positions during the quarter.
• Tesla’s CFO Vaibhav Taneja sold 2,606 shares worth about $938,499 to cover tax obligations, while analysts maintain a consensus “Moderate Buy” rating and a $414.51 price target.

TOWER TRUST & INVESTMENT Co grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2,038.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,604 shares of the electric vehicle producer's stock after purchasing an additional 1,529 shares during the period. TOWER TRUST & INVESTMENT Co's holdings in Tesla were worth $569,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Childress Capital Advisors LLC lifted its position in shares of Tesla by 0.3% during the third quarter. Childress Capital Advisors LLC now owns 14,492 shares of the electric vehicle producer's stock worth $5,142,000 after purchasing an additional 49 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in Tesla by 34.6% in the third quarter. Motley Fool Asset Management LLC now owns 148,036 shares of the electric vehicle producer's stock valued at $52,525,000 after buying an additional 38,088 shares during the last quarter. DecisionPoint Financial LLC raised its stake in Tesla by 331.7% during the third quarter. DecisionPoint Financial LLC now owns 531 shares of the electric vehicle producer's stock valued at $188,000 after buying an additional 408 shares in the last quarter. LaFleur & Godfrey LLC acquired a new stake in Tesla during the third quarter valued at approximately $513,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in Tesla by 6.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 22,435 shares of the electric vehicle producer's stock worth $7,960,000 after buying an additional 1,297 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company's stock.

Tesla Stock Down 0.2%

Shares of Tesla stock opened at $403.30 on Friday. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 443.19, a PEG ratio of 25.04 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 has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The business's 50 day simple moving average is $368.51 and its 200-day simple moving average is $386.05.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. Equities research analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citizens Jmp assumed coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft began coverage on Tesla in a research note on Monday. They set a "buy" rating on the stock. UBS Group raised shares of Tesla from a "neutral" rating to a "buy" rating in a report on Monday. Monness Crespi & Hardt started coverage on shares of Tesla in a research note on Monday. They set a "buy" rating for the company. Finally, Tigress Financial initiated coverage on shares of Tesla in a research report on Thursday, October 22nd. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Improved cash generation: Tesla generated approximately $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion. However, the improvement was partly driven by lower-than-expected capital expenditures rather than stronger operating profitability. Tesla's Free Cash Flow Beat
• Positive Sentiment: Autonomy developments: A South Korean court dismissed a lawsuit from 88 owners seeking refunds over delayed FSD features, removing a potential legal and financial liability. Robotaxi expansion plans and rising FSD adoption also support the long-term growth narrative. South Korea FSD lawsuit
• Positive Sentiment: Analyst and investor support: Barclays upgraded TSLA to Overweight with a $450 target, citing potential strength in vehicles, energy storage and FSD subscriptions. ETFs also reportedly purchased $40.7 million of Tesla shares on October 27. Barclays Tesla upgrade
• Positive Sentiment: European demand: Tesla recorded a reported 66,035 European registrations in September, with the Model Y and Model 3 ranking first and second, helping offset weakness in China. Tesla European registrations
• Neutral Sentiment: SpaceX merger speculation: Elon Musk called a Tesla-SpaceX combination a good idea but acknowledged that winning shareholder approval would be difficult. No transaction has been announced, leaving the speculation a potential catalyst but also a source of volatility. Musk discusses Tesla-SpaceX merger
• Negative Sentiment: Profitability concerns: Tesla’s EV deliveries and earnings have weakened, while operating income reportedly fell 56%. More than 70% of revenue still comes from passenger EVs, making the company vulnerable to pricing pressure and slowing demand. Tesla EV business concerns
• Negative Sentiment: Market and execution risks: Alphabet’s disappointing results pressured technology stocks broadly, while reports of inefficient Robotaxi routing in Houston raised questions about autonomous-service reliability. Rising interest rates also pose a threat to TSLA’s very high valuation multiple.

About Tesla

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.

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