9,600 Tesla, Inc. $TSLA Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management cut its Tesla stake by 18.5% in the third quarter, selling 9,600 shares and retaining 42,157 shares valued at $14.96 million.
• Tesla reported quarterly EPS of $0.48, beating estimates by $0.02, while revenue of $28.05 billion was slightly below expectations and down 0.2% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $414.51; ratings included 26 Buys, 17 Holds, and four Sells.

King Luther Capital Management Corp lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,157 shares of the electric vehicle producer's stock after selling 9,600 shares during the period. King Luther Capital Management Corp's holdings in Tesla were worth $14,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spectrum Planning & Advisory Services Inc. lifted its position in shares of Tesla by 34.0% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 1,571 shares of the electric vehicle producer's stock valued at $557,000 after buying an additional 399 shares during the last quarter. Bingham Private Wealth LLC grew its position in shares of Tesla by 5.7% in the 3rd quarter. Bingham Private Wealth LLC now owns 2,901 shares of the electric vehicle producer's stock worth $1,029,000 after buying an additional 157 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Tesla by 13.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 178,617 shares of the electric vehicle producer's stock worth $63,375,000 after buying an additional 21,498 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in shares of Tesla by 8.7% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 7,507 shares of the electric vehicle producer's stock worth $2,664,000 after buying an additional 599 shares during the last quarter. Finally, NBH Bank raised its stake in shares of Tesla by 18.6% during the 3rd quarter. NBH Bank now owns 3,887 shares of the electric vehicle producer's stock worth $1,379,000 after acquiring an additional 610 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company's stock.

Tesla Price Performance

NASDAQ TSLA opened at $397.45 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The stock's fifty day moving average price is $374.47 and its 200 day moving average price is $383.25. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 436.76, a PEG ratio of 24.21 and a beta of 1.74.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS 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 analysts' expectations of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TSLA shares. Morgan Stanley raised shares of Tesla from a "reduce" rating to an "overweight" rating in a research report on Monday, October 26th. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, November 5th. JPMorgan Chase & Co. boosted their target price on Tesla from $415.00 to $430.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. CLSA reaffirmed an "underperform" rating on shares of Tesla in a research report on Monday, October 26th. Finally, Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.51.

Key Stories Impacting Tesla

Here are a few of the latest stories about TSLA:

• Positive Sentiment: Reports say Tesla and SpaceX have formed committees to assess an all-stock merger and that talks are advancing, with an announcement possible by December. The prospect of combining Tesla’s automotive and autonomy businesses with SpaceX has fueled optimism, though no agreement is confirmed and a deal could bring valuation and dilution risks. Article: SpaceX and Tesla Talks on Record Merger Are Said to Progress
• Neutral Sentiment: Tesla plans to wind down Cybertruck production by summer 2027 and shift Texas capacity toward Cybercab, while CEO Elon Musk says production will continue to address the existing backlog. The pivot could free resources for autonomy, but its payoff depends on Cybercab execution and demand. Article: Tesla's Plan to End Cybertruck Reveals Its Real Priorities
• Negative Sentiment: Bearish commentary points to Tesla’s rich valuation and limited near-term profit growth. A separate report says Musk’s proposed chip-building ambitions could require enormous investment—potentially beyond Tesla’s cash-flow capacity—raising questions about funding and returns. Article: Tesla valuation downgrade Article: Musk's chip plan and Tesla cash flow

Tesla Profile

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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