3,772 Tesla, Inc. $TSLA Shares Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors increased its Tesla position by 22% in the third quarter, purchasing 3,772 shares to hold 20,882 shares valued at approximately $7.4 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s outlook includes potential growth from its expanding Cybercab robotaxi fleet and reported Megapack demand from AI data centers, but the company faces concerns over energy-leadership turnover, weakening automotive margins and uncertain robotaxi revenue.
• Shares opened at $362.44, while Tesla trades at a very high PE ratio of 335.6. Analysts maintain an overall “Hold” rating with an average price target of $412.33, and the company recently missed quarterly EPS estimates despite revenue exceeding expectations.

Turtle Creek Wealth Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,882 shares of the electric vehicle producer's stock after buying an additional 3,772 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Tesla were worth $7,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSLA. Mainsail Asset Management LLC lifted its holdings in shares of Tesla by 3.9% during the third quarter. Mainsail Asset Management LLC now owns 3,920 shares of the electric vehicle producer's stock worth $1,492,000 after buying an additional 148 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Tesla by 74.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,016 shares of the electric vehicle producer's stock worth $2,844,000 after acquiring an additional 3,414 shares during the last quarter. Nvwm LLC increased its position in Tesla by 448.2% during the third quarter. Nvwm LLC now owns 2,330 shares of the electric vehicle producer's stock worth $827,000 after acquiring an additional 1,905 shares during the period. Winnacle Wealth LLC increased its position in Tesla by 8.4% during the third quarter. Winnacle Wealth LLC now owns 2,783 shares of the electric vehicle producer's stock worth $987,000 after acquiring an additional 215 shares during the period. Finally, Nolet Wealth Management LLC raised its stake in Tesla by 4.6% during the 3rd quarter. Nolet Wealth Management LLC now owns 1,478 shares of the electric vehicle producer's stock valued at $524,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Analysts Set New Price Targets

A number of brokerages have weighed in on TSLA. KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. Glj Research restated a "sell" rating on shares of Tesla in a research report on Thursday. DZ Bank upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, July 23rd. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $412.33.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following 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 filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $362.44 on Friday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The firm has a market capitalization of $1.43 trillion, a PE ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92. The business's 50 day moving average is $359.46 and its 200-day moving average is $377.06. 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 data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm 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%. The business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 0.69 earnings per share for the current year.

About Tesla

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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