Asset Management One Co. Ltd. Acquires 21,003 Shares of Tesla, Inc. $TSLA

Key Points

• Asset Management One increased its Tesla stake by 1.5%, buying 21,003 shares to reach 1,378,565 shares valued at approximately $489.1 million. Institutional investors and hedge funds own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,499 to cover tax withholding on vested equity awards, reducing his direct holdings by 9.12%.
• Tesla shares were trading up 4.0% at $407.46, while quarterly earnings slightly exceeded expectations but revenue declined marginally year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $411.04, although high valuation and profitability concerns remain.

Asset Management One Co. Ltd. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,378,565 shares of the electric vehicle producer's stock after acquiring an additional 21,003 shares during the period. Tesla accounts for about 1.2% of Asset Management One Co. Ltd.'s holdings, making the stock its 13th biggest position. Asset Management One Co. Ltd.'s holdings in Tesla were worth $489,129,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Bamco Inc. NY boosted its stake in shares of Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after acquiring an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC purchased a new stake in Tesla during the 2nd quarter worth about $1,009,000. Bessemer Group Inc. increased its position in Tesla by 23.6% during the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock worth $20,908,000 after purchasing an additional 10,747 shares in the last quarter. H&H International Investment LLC acquired a new position in Tesla in the 1st quarter valued at about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in 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 purchasing an additional 4,806 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by company insiders.

Tesla Trading Up 4.0%

Tesla stock opened at $407.46 on Wednesday. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 447.76 and a beta of 1.92. The stock has a fifty day moving average price of $366.12 and a 200 day moving average price of $386.42. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. During the same quarter last year, the company posted $0.50 earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 0.70 EPS for the current year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger speculation and analyst upgrade: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450, citing the potential strategic and financial benefits of combining Tesla with SpaceX. However, the companies have not agreed to merger terms, and independent committees are still evaluating the idea. Tesla Stock Surges After Barclays Upgrade on Hopes of a SpaceX Merger
• Positive Sentiment: Robotaxi momentum: Texas DMV data shows 1,051 Tesla vehicles authorized for robotaxi use, including 544 Cybercabs. Management also says the Cybercab factory can produce vehicles faster than Tesla can deploy them, suggesting manufacturing capacity may not be the immediate constraint. Cybercabs Overtake Model Ys in Texas Robotaxi Fleet
• Positive Sentiment: Autonomy and technology catalysts: Tesla is using LFP batteries for Cybercabs, expanding supervised driving approval in Europe and promoting Full Self-Driving through a Turo rental partnership. ARK Invest reiterated a $4,400 long-term target, assigning most of its projected 2031 enterprise value to robotaxis. Tesla Moves to Future-Proof Cybercabs with LFP Battery Technology
• Positive Sentiment: Energy and per-vehicle improvements: Tesla’s Megapack systems are reportedly nearly sold out through 2027, while third-quarter per-car metrics indicated modest cost improvement and continued pricing power.
• Neutral Sentiment: Merger remains uncertain: A SpaceX-Tesla deal could improve access to chips, AI, satellite connectivity and capital, but the transaction could also leave Tesla shareholders as the junior partner and dilute their ownership. Tesla Shareholders Might Be the Junior Partner
• Negative Sentiment: Profitability and valuation risks: Tesla’s reported profit fell sharply, with operating income down 56% year over year, while heavy spending on autonomy and robotics pressures margins. Critics also note that free cash flow benefited from approximately $1.9 billion in slower supplier payments, and the stock’s valuation leaves little room for execution setbacks.
• Negative Sentiment: Product concerns: Cybertruck demand has underperformed expectations, and Tesla reportedly canceled plans to offer the vehicle in two countries, adding to concerns about the traditional automotive business.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, October 22nd. Canaccord Genuity Group set a $442.00 price target on shares of Tesla and gave the stock a "buy" rating in a report on Thursday, October 22nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $485.00 price objective on shares of Tesla in a research report on Monday, October 19th. Wells Fargo & Company reissued a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. Finally, BNP Paribas Exane raised shares of Tesla from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $266.00 to $420.00 in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of "Moderate Buy" and a consensus price target of $411.04.

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.

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