1,883 Shares in Tesla, Inc. $TSLA Bought by Tenon Financial LLC

Key Points

• Tenon Financial LLC initiated a Tesla position by purchasing 1,883 shares valued at approximately $668,000 during the third quarter. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding obligations tied to vested equity awards, reducing his direct ownership by 9.12%.
• Tesla shares were trading down 2.2% at $367.16, while analysts maintained a consensus “Hold” rating and an average price target of $412.33. The company’s prior quarterly EPS of $0.33 missed estimates, despite revenue exceeding expectations.

Tenon Financial LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,883 shares of the electric vehicle producer's stock, valued at approximately $668,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Bamco Inc. NY grew its stake 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 worth $5,267,911,000 after purchasing an additional 591,243 shares during the period. One Plus One Wealth Management LLC acquired a new stake in shares of Tesla in the second quarter valued at about $1,009,000. Bessemer Group Inc. lifted its stake in shares of Tesla by 23.6% in the first quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock valued at $20,908,000 after purchasing an additional 10,747 shares during the period. H&H International Investment LLC purchased a new stake in Tesla during the first quarter worth about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Tesla by 12.4% during the third 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 during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 transaction, the chief financial officer directly 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 filing 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. Insiders own 19.90% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Tesla Trading Down 2.2%

Shares of Tesla stock opened at $367.16 on Thursday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a market cap of $1.45 trillion, a PE ratio of 339.97, a P/E/G ratio of 24.37 and a beta of 1.92. The business's fifty day moving average is $358.60 and its two-hundred day moving average is $377.05. 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 posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. Tesla's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Analysts anticipate that Tesla, Inc. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed a "buy" rating on shares of Tesla in a report on Thursday, October 1st. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Guggenheim started coverage on Tesla in a report on Monday, June 29th. They issued a "neutral" rating on the stock. Finally, UBS Group reaffirmed a "buy" rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $412.33.

Tesla 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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