Associated Banc Corp Buys New Position in Tesla, Inc. $TSLA

Key Points

• Associated Banc Corp opened a new Tesla position in the third quarter, buying 3,014 shares valued at approximately $1.07 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla’s latest quarterly earnings per share of $0.48 topped the $0.46 consensus, while revenue of $28.05 billion was roughly in line with estimates and down 0.2% year over year.
• Analysts have a “Moderate Buy” consensus and an average price target of $414.51; ratings are mixed, ranging from Buy to Sell.

Associated Banc Corp bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,014 shares of the electric vehicle producer's stock, valued at approximately $1,069,000.

Other large investors have also bought and sold shares of the company. TTP Investments Inc. bought a new position in shares of Tesla in the third quarter worth approximately $223,000. Watershed Private Wealth LLC boosted its stake in shares of Tesla by 26.9% in the 3rd quarter. Watershed Private Wealth LLC now owns 8,932 shares of the electric vehicle producer's stock worth $3,169,000 after buying an additional 1,895 shares during the last quarter. Integrity Advisory Solutions LLC boosted its stake in shares of Tesla by 5.3% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 4,603 shares of the electric vehicle producer's stock worth $1,633,000 after buying an additional 231 shares during the last quarter. First Nebraska Trust Co bought a new stake in shares of Tesla in the third quarter worth $408,000. Finally, Arlington Capital Management INC purchased a new stake in Tesla during the third quarter valued at $234,000. 66.20% of the stock is owned by institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its robotaxi service to Fort Worth, extending a still-early rollout beyond Austin. The move supports the autonomy growth story, though the service has not yet shown meaningful profitability. Robotaxi service expands to Fort Worth
• Positive Sentiment: Tesla’s goal of building up to one million Optimus robots in 2027 points to a potential growth opportunity in robotics, although the plan remains an execution challenge. Tesla’s Optimus production plans
• Neutral Sentiment: Tesla reported a 10.3% year-over-year increase in China-made EV sales in October, but another report noted that wholesale sales fell sequentially. The mixed signals make it unclear whether demand is strengthening. Tesla China-made EV sales
• Negative Sentiment: Democratic election victories raised investor concerns about increased oversight of AI, data centers and Musk-linked projects, as well as uncertainty around a possible Tesla–SpaceX merger. Musk’s political involvement may also bring added scrutiny. Tesla and SpaceX shares slide after election results
• Negative Sentiment: A South Korean consumer group alleged Tesla misled customers about its automated-driving technology, creating potential legal and reputational risk. South Korean consumer group allegation
• Negative Sentiment: Reports also highlighted rising spending and margin pressure: Polen Capital said Tesla detracted from its large-growth strategy, with record revenue not offsetting investor concerns about costs and profitability. Tesla weighs on Polen Capital’s strategy

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's 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 completion of the transaction, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company's stock.

Tesla Stock Performance

Shares of Tesla stock opened at $385.19 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The business's 50 day moving average price is $372.12 and its 200 day moving average price is $385.12. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 545.89, a PEG ratio of 24.68 and a beta of 1.74.

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 analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, research analysts predict that Tesla, Inc. will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several recent analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Tesla in a report on Wednesday, October 21st. Jefferies Financial Group raised shares of Tesla from a "hold" rating to a "buy" rating in a research note on Monday, October 26th. Royal Bank Of Canada lowered shares of Tesla from an "outperform" rating to a "sector perform" rating in a report on Thursday, October 22nd. Oppenheimer began coverage on Tesla in a research note on Thursday, October 22nd. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on Tesla from $415.00 to $430.00 and gave the company a "neutral" rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $414.51.

Tesla Company 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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