2,017 Tesla, Inc. $TSLA Shares Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Tesla position by 4.9% in the third quarter, purchasing 2,017 shares and bringing its total holdings to 43,184 shares valued at approximately $15.3 million.
• Institutional investors and hedge funds own 66.2% of Tesla’s shares, while CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding obligations tied to vested equity awards.
• Analyst sentiment remains mixed, with Tesla holding a consensus “Hold” rating and an average price target of $412.33. The company recently missed quarterly EPS estimates despite reporting 25.5% year-over-year revenue growth.

IFP Advisors Inc raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,184 shares of the electric vehicle producer's stock after buying an additional 2,017 shares during the period. IFP Advisors Inc's holdings in Tesla were worth $15,322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of Tesla during the second quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp bought a new position in shares of Tesla in the second quarter valued at approximately $6,083,630,000. Deutsche Bank AG acquired a new position in shares of Tesla in the 2nd quarter worth approximately $4,039,090,000. Canada Pension Plan Investment Board acquired a new position in shares of Tesla in the 2nd quarter worth approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Tesla in the 2nd quarter worth approximately $2,995,584,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSLA shares. Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. Roth Capital reiterated a "buy" rating and issued a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Morgan Stanley reissued a "reduce" rating on shares of Tesla in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. decreased their target price on Tesla from $445.00 to $415.00 and set a "neutral" rating on the stock in a report on Monday, September 28th. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $412.33.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $354.72 on Monday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a 50-day moving average of $359.98 and a two-hundred day moving average of $377.05. The company has a market cap of $1.40 trillion, a PE ratio of 328.45, a P/E/G ratio of 22.59 and a beta of 1.92. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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). The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Tesla Company Profile

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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