2,838 Tesla, Inc. $TSLA Shares Bought by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors increased its Tesla stake by 4.8% in the third quarter, purchasing 2,838 shares to bring its holdings to 62,347 shares valued at approximately $22.1 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly earnings of $0.48 per share, slightly exceeding estimates, while revenue was essentially flat year over year at $28.05 billion. Automotive and energy revenue declines, along with a 56% drop in GAAP operating income, highlight ongoing operating pressures.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and an average price target of $408.61 versus a recent price of $372.22. The stock trades at a very high price-to-earnings ratio of about 409, leaving its valuation dependent on execution in autonomy, robotics and other growth initiatives.

Fifth Third Wealth Advisors LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,347 shares of the electric vehicle producer's stock after acquiring an additional 2,838 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Tesla were worth $22,121,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Kennebec Savings Bank lifted its holdings in shares of Tesla by 39.5% in the 3rd quarter. Kennebec Savings Bank now owns 2,675 shares of the electric vehicle producer's stock worth $949,000 after acquiring an additional 758 shares during the last quarter. Christensen King & Associates Investment Services Inc. grew its holdings in shares of Tesla by 4.3% during the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 674 shares of the electric vehicle producer's stock valued at $239,000 after purchasing an additional 28 shares during the last quarter. Opulen Financial Group LLC raised its position in Tesla by 6.6% in the 3rd quarter. Opulen Financial Group LLC now owns 1,463 shares of the electric vehicle producer's stock worth $519,000 after purchasing an additional 90 shares during the period. TSA Wealth Managment LLC raised its position in Tesla by 3.0% in the 3rd quarter. TSA Wealth Managment LLC now owns 3,403 shares of the electric vehicle producer's stock worth $1,207,000 after purchasing an additional 99 shares during the period. Finally, WASHINGTON TRUST Co lifted its stake in Tesla by 70.6% in the third quarter. WASHINGTON TRUST Co now owns 870 shares of the electric vehicle producer's stock worth $309,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

TSLA stock opened at $372.22 on Friday. The firm's 50-day moving average price is $364.01 and its two-hundred day moving average price is $377.22. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 409.04, a PEG ratio of 23.63 and a beta of 1.92. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. Tesla's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company'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 transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on TSLA shares. Wall Street Zen lowered shares of Tesla from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a report on Monday, October 19th. Royal Bank Of Canada lowered Tesla from an "outperform" rating to a "sector perform" rating in a research note on Thursday. BNP Paribas Exane upgraded Tesla from an "underperform" rating to a "neutral" rating and increased their target price for the company from $266.00 to $420.00 in a report on Thursday. Finally, Mizuho raised their price target on Tesla from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $408.61.

More Tesla News

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.

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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