Abel Hall LLC Purchases 1,843 Shares of Tesla, Inc. $TSLA

Abel Hall LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,207 shares of the electric vehicle producer's stock after buying an additional 1,843 shares during the period. Tesla accounts for approximately 0.6% of Abel Hall LLC's investment portfolio, making the stock its 22nd largest position. Abel Hall LLC's holdings in Tesla were worth $3,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Security National Bank of Sioux City Iowa IA purchased a new position in Tesla in the second quarter worth approximately $25,000. Friedenthal Financial increased its stake in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Harborfront Financial Group LLC purchased a new stake in Tesla in the second quarter valued at $34,000. Montgomery Financial Services LLC purchased a new stake in Tesla in the second quarter valued at $40,000. Finally, Lam Group Inc. acquired a new position in shares of Tesla in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA opened at $368.06 on Tuesday. The company has a market cap of $1.45 trillion, a P/E ratio of 340.80, a P/E/G ratio of 22.59 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock has a 50-day moving average of $360.72 and a two-hundred day moving average of $377.03. 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 issued its quarterly 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the company posted $0.33 EPS. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, analysts anticipate that Tesla, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TSLA shares. The Goldman Sachs Group upgraded Tesla from a "neutral" rating to a "buy" rating in a report on Monday, October 5th. Piper Sandler started coverage on shares of Tesla in a report on Monday, September 14th. They issued an "overweight" rating on the stock. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research report on Friday, August 14th. Stifel Nicolaus set a $491.00 target price on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, UBS Group reaffirmed a "buy" rating and set a $391.00 target price (up from $385.00) on shares of Tesla in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $415.07.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster enthusiasm and SpaceX speculation supported sentiment. Tesla’s thruster-powered Roadster demonstration, along with Elon Musk’s claims about future autonomy and “sentience,” generated investor interest. Commentary also revived speculation that SpaceX could acquire or merge with Tesla, although analysts stressed that such a transaction would be complex and remains unconfirmed. Tesla's Roadster Reveal Hints at 2 Much Bigger Moves
• Positive Sentiment: Florida policy comments added to the Roadster catalyst. Florida Governor Ron DeSantis said he would work to make the flying Roadster legal in the state, helping Tesla outperform smaller EV peers. The commercial opportunity remains highly uncertain because Tesla has not established pricing, production scale or regulatory approval. Tesla Rises as DeSantis Vows to Make Flying Roadster Legal in Florida
• Positive Sentiment: Shareholders will vote on board continuity. Tesla asked investors to re-elect Musk, Chair Robyn Denholm and JB Straubel at the December annual meeting. The proposal maintains the current leadership structure, which may reassure supporters of Tesla’s AI, robotaxi and robotics strategy. Tesla Asks Shareholders to Re-elect Musk, Denholm and Straubel
• Neutral Sentiment: Q3 earnings are the immediate trading event. Tesla reports after Wednesday’s close. Estimates generally call for about $27.8 billion-$27.9 billion in revenue and roughly $0.43-$0.44 in adjusted EPS, below the prior-year EPS figure. Options markets imply a potentially large post-earnings move, making margin commentary, deliveries, FSD monetization and capital spending particularly important. How Much Tesla Stock Is Expected to Move After Earnings
• Negative Sentiment: Profitability and valuation remain major risks. Analysts expect earnings to decline, with gross-margin pressure and substantial spending on AI, chips, Optimus and robotaxis potentially limiting near-term profits. At a very elevated valuation, Tesla may need to materially exceed expectations to sustain the rebound. Tesla's Biggest Earnings Risk May Be Its Bullish Sentiment
• Positive Sentiment: A federal appeals court decision reduced legal overhang. A Ninth Circuit ruling decertified a class action involving Tesla’s self-driving claims, a potentially favorable development for litigation risk, although it does not eliminate all legal or regulatory exposure. US Appeals Court Overturns Class Action Lawsuit Over Tesla Self-Driving Claims

Tesla Profile

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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