2,143 Tesla, Inc. $TSLA Shares Sold by New Harbor Financial Group LLC

Key Points

• New Harbor Financial Group LLC reduced its Tesla stake by 56.1% in the third quarter, selling 2,143 shares and retaining 1,674 shares valued at approximately $594,000.
• Tesla reported quarterly EPS of $0.48, slightly above expectations, while revenue was approximately $28.05 billion and essentially flat year over year. However, automotive and energy revenue declined, and GAAP operating income fell 56%.
• TSLA traded at $372.22, with a market capitalization of about $1.47 trillion and a very high price-to-earnings ratio of 409.04. Institutional investors own 66.2% of the company, while analysts maintain a generally mixed outlook with an average “Hold” rating and a $408.61 target price.

New Harbor Financial Group LLC cut its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 56.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,674 shares of the electric vehicle producer's stock after selling 2,143 shares during the period. New Harbor Financial Group LLC's holdings in Tesla were worth $594,000 at the end of the most recent quarter.

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

Tesla Price Performance

TSLA traded down $2.36 during trading on Friday, hitting $372.22. 34,679,783 shares of the stock traded hands, compared to its average volume of 36,818,196. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.55. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a market cap of $1.47 trillion, a price-to-earnings ratio of 409.04, a PEG ratio of 23.78 and a beta of 1.92. The business has a 50 day moving average price of $364.01 and a 200 day moving average price of $377.22.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities research analysts forecast that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSLA. Stifel Nicolaus set a $475.00 price objective on shares of Tesla in a research report on Thursday. KeyCorp upgraded shares of Tesla to a "sector weight" rating in a research note on Monday, September 28th. William Blair reissued a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. Guggenheim started coverage on shares of Tesla in a research report on Monday, June 29th. They set a "neutral" rating for the company. Finally, Barclays upgraded Tesla from a "negative" rating to an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $408.61.

Tesla 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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