3,736 Tesla, Inc. $TSLA Shares Sold by Bellwether Advisors LLC

Bellwether Advisors LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 83.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750 shares of the electric vehicle producer's stock after selling 3,736 shares during the period. Bellwether Advisors LLC's holdings in Tesla were worth $266,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY grew its stake in 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 in the last quarter. One Plus One Wealth Management LLC acquired a new stake in Tesla in the 2nd quarter valued at about $1,009,000. Bessemer Group Inc. raised its position in Tesla by 23.6% in the 1st 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 in the last quarter. H&H International Investment LLC purchased a new position in shares of Tesla in the 1st quarter valued at about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer's stock valued at $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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Deutsche Bank started coverage on shares of Tesla in a report on Monday, October 26th. They issued a "buy" rating on the stock. Royal Bank Of Canada downgraded shares of Tesla from an "outperform" rating to a "sector perform" rating in a research note on Thursday, October 22nd. Oppenheimer assumed coverage on shares of Tesla in a research note on Thursday, October 22nd. They issued an "outperform" rating for the company. Finally, Barclays upgraded shares of Tesla from an "outperform" rating to an "overweight" rating and boosted their price target for the stock from $370.00 to $450.00 in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla Stock Down 1.8%

NASDAQ TSLA traded down $7.23 during trading on Friday, reaching $390.22. 32,239,788 shares of the company's stock were exchanged, compared to its average volume of 40,913,836. The stock has a market cap of $1.54 trillion, a P/E ratio of 428.82, a price-to-earnings-growth ratio of 24.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. The company has a 50 day moving average price of $374.75 and a two-hundred day moving average price of $383.05. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The business had revenue of $28.05 billion during the quarter, compared to analysts' expectations of $28.06 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business'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. The trade was a 9.12% decrease in their ownership of the stock. The transaction 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 insiders.

Tesla News Roundup

Investors following TSLA have been watching these news items:

• Positive Sentiment: Reports say Tesla and SpaceX are progressing in merger discussions, with an announcement possible as soon as December or in early 2027. The prospect of combining with SpaceX has fueled investor interest, though no agreement or terms have been disclosed. Article: SpaceX Could Announce a Deal for Tesla as Soon as December
• Positive Sentiment: Finland’s provisional approval of Tesla’s driver-assistance system adds momentum to its European FSD expansion and could support future software revenue, though broader EU approval is still pending. Article: Finland approves Tesla driver assistance system
• Negative Sentiment: The potential merger faces political headwinds: Texas’ attorney general-elect has pledged “tremendous scrutiny,” and another report flags possible Democratic opposition. Added review could delay or complicate a deal. Article: Texas AG-elect vows scrutiny of SpaceX-Tesla merger

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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