Cornerstone Wealth Advisors Inc. Purchases 3,559 Shares of Tesla, Inc. $TSLA

Key Points

• Cornerstone Wealth Advisors purchased 3,559 Tesla shares worth approximately $1.26 million, making Tesla its 26th-largest holding and 0.3% of its portfolio. Institutional investors collectively own 66.2% of Tesla.
• Tesla shares opened at $354.72, with a market capitalization of roughly $1.4 trillion and a highly elevated P/E ratio of 328.45. The company’s latest quarterly EPS of $0.33 missed estimates, despite revenue exceeding expectations.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and a $412.33 target price. Investors are weighing the Roadster’s technology showcase and legal developments against margin pressure, leadership changes in the energy business, and uncertainty around near-term earnings.

Cornerstone Wealth Advisors Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,559 shares of the electric vehicle producer's stock, valued at approximately $1,263,000. Tesla makes up 0.3% of Cornerstone Wealth Advisors Inc.'s portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. BostonPremier Wealth LLC boosted its stake in Tesla by 1.4% during the third quarter. BostonPremier Wealth LLC now owns 3,765 shares of the electric vehicle producer's stock worth $1,336,000 after buying an additional 52 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Tesla in the third quarter valued at approximately $7,579,000. Michael J. Porro & Co. Financial Advisors Inc. lifted its stake in shares of Tesla by 16.3% during the third quarter. Michael J. Porro & Co. Financial Advisors Inc. now owns 3,630 shares of the electric vehicle producer's stock valued at $1,288,000 after acquiring an additional 510 shares during the period. Patriot Investment Management Group Inc. boosted its stake in shares of Tesla by 694.8% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 32,700 shares of the electric vehicle producer's stock valued at $11,602,000 after purchasing an additional 28,586 shares during the last quarter. Finally, Milestone Asset Management LLC raised its position in shares of Tesla by 1.1% during the 3rd quarter. Milestone Asset Management LLC now owns 8,039 shares of the electric vehicle producer's stock valued at $2,852,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a "buy" rating in a report on Thursday, July 23rd. Truist Financial set a $370.00 target price on Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday. Finally, Piper Sandler assumed coverage on Tesla in a report on Monday, September 14th. They set an "overweight" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus target price of $412.33.

Tesla Price Performance

Shares of Tesla stock opened at $354.72 on Friday. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 328.45, a price-to-earnings-growth ratio of 23.53 and a beta of 1.92. The company has a fifty day moving average of $359.98 and a 200-day moving average of $376.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. 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 quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Equities research analysts expect that Tesla, Inc. will post 0.69 EPS for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm'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 completion of the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

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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