1,690 Tesla, Inc. $TSLA Shares Purchased by Plancorp LLC

Key Points

• Plancorp increased its Tesla stake by 17.3% in the third quarter, buying 1,690 shares to hold 11,445 shares valued at about $4.06 million.
• Hedge funds and other institutional investors own 66.2% of Tesla shares; several large investors also increased or established positions.
• Tesla reported quarterly EPS of $0.48, above the $0.46 consensus, while revenue of $28.05 billion was roughly in line with estimates and down 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.

Plancorp LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,445 shares of the electric vehicle producer's stock after acquiring an additional 1,690 shares during the quarter. Plancorp LLC's holdings in Tesla were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Amundi raised its position in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after buying an additional 2,727,141 shares during the last quarter. Legal & General Group Plc purchased a new position in Tesla during the 2nd quarter worth $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in shares of Tesla in the 2nd quarter worth $6,083,630,000. Finally, Bamco Inc. NY boosted its holdings in shares of Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $14.53 during trading on Friday, reaching $358.22. The company had a trading volume of 36,597,110 shares, compared to its average volume of 36,353,072. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The stock has a market capitalization of $1.42 trillion, a PE ratio of 393.65, a price-to-earnings-growth ratio of 25.01 and a beta of 1.74. The stock has a 50-day moving average price of $372.14 and a two-hundred day moving average price of $384.35. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS 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 company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of Tesla in a report on Monday, August 17th. They set an "outperform" rating for the company. Royal Bank Of Canada cut Tesla from an "outperform" rating to a "sector perform" rating in a report on Thursday, October 22nd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, October 22nd. BNP Paribas Exane raised Tesla from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $266.00 to $420.00 in a report on Thursday, October 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred 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 $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company insiders.

Tesla News Roundup

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

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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