Charles Schwab Trust Co Buys 1,500 Shares of Tesla, Inc. $TSLA

Key Points

• Charles Schwab Trust Co. purchased 1,500 Tesla shares during the third quarter, valued at approximately $532,000. Institutional investors and hedge funds collectively own 66.2% of Tesla’s stock.
• Analyst opinions remain mixed, with a consensus rating of “Hold” and an average price target of $412.33; ratings include 23 Buys, 17 Holds and five Sells.
• Tesla trades at a highly elevated valuation, with a P/E ratio of 335.60, while its latest quarterly EPS of $0.33 missed the $0.50 consensus estimate despite 25.5% year-over-year revenue growth.

Charles Schwab Trust Co purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the electric vehicle producer's stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Security National Bank of Sioux City Iowa IA acquired a new position in shares of Tesla in the second quarter worth about $25,000. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at about $34,000. Lam Group Inc. acquired a new stake in shares of Tesla during the 1st quarter valued at about $37,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 66.20% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSLA. BMO Capital Markets started coverage on Tesla in a research report on Monday, August 17th. They set an "outperform" rating on the stock. Guggenheim initiated coverage on Tesla in a report on Monday, June 29th. They issued a "neutral" rating on the stock. William Blair restated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. Jefferies Financial Group restated a "hold" rating and issued a $400.00 price objective (up from $350.00) on shares of Tesla in a research report on Monday. Finally, TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $412.33.

Tesla Price Performance

Shares of Tesla stock opened at $362.44 on Friday. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92. The business has a 50 day simple moving average of $359.46 and a two-hundred day simple moving average of $377.06. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

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 analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. The business's revenue was up 25.5% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction 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 transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Tesla Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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