3,992 Tesla, Inc. $TSLA Shares Bought by AlphaStar Capital Management LLC

Key Points

• AlphaStar Capital Management increased its Tesla stake by 21.7% in the third quarter, buying 3,992 shares and bringing its holdings to 22,381 shares worth approximately $7.94 million.
• Institutional investors own 66.2% of Tesla, with several major firms—including Legal & General, Bank of New York Mellon, and Deutsche Bank—reporting new positions during the second quarter.
• Tesla’s CFO sold 2,606 shares valued at roughly $938,499 to cover tax obligations tied to vested equity awards. The stock trades at a high valuation, while its latest quarterly EPS missed estimates despite revenue growth of 25.5% year over year.

AlphaStar Capital Management LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,381 shares of the electric vehicle producer's stock after purchasing an additional 3,992 shares during the quarter. AlphaStar Capital Management LLC's holdings in Tesla were worth $7,941,000 as of its most recent filing with the SEC.

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

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer directly 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 through 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 $354.72 on Friday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a 50-day moving average price of $359.98 and a 200 day moving average price of $376.90. The company has a market cap of $1.40 trillion, a P/E ratio of 328.45, a PEG ratio of 23.03 and a beta of 1.92. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Research analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current 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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Barclays boosted their target price on Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $412.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.