Cullinan Associates Inc. Acquires 1,521 Shares of Tesla, Inc. $TSLA

Key Points

• Cullinan Associates increased its Tesla stake by 40% in the third quarter, purchasing 1,521 shares and bringing its holdings to 5,321 shares, valued at about $1.89 million.
• Institutional investors own 66.2% of Tesla shares; other firms also reported adding to or initiating positions.
• Tesla narrowly beat quarterly EPS expectations, while revenue was nearly in line and slipped 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.

Cullinan Associates Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,321 shares of the electric vehicle producer's stock after buying an additional 1,521 shares during the period. Cullinan Associates Inc.'s holdings in Tesla were worth $1,888,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bamco Inc. NY lifted its position in shares of Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock worth $5,267,911,000 after buying an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $1,009,000. Bessemer Group Inc. grew its position in shares of Tesla by 23.6% during the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock valued at $20,908,000 after buying an additional 10,747 shares during the last quarter. H&H International Investment LLC bought a new stake in shares of Tesla during the 1st quarter valued at about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Tesla by 12.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer's stock worth $15,470,000 after acquiring an additional 4,806 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Tesla Stock Up 4.2%

TSLA stock opened at $358.22 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm's 50-day simple moving average is $372.14 and its 200 day simple moving average is $384.35. The stock has a market cap of $1.42 trillion, a PE ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $28.05 billion during 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%. Tesla's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Glj Research reissued a "sell" rating on shares of Tesla in a report on Thursday. Tigress Financial initiated coverage on Tesla in a report on Thursday, October 22nd. They set a "buy" rating for the company. Oppenheimer started coverage on Tesla in a research report on Thursday, October 22nd. They set an "outperform" rating on the stock. Wall Street Zen cut Tesla from a "hold" rating to a "sell" rating in a research report on Saturday, October 24th. Finally, Piper Sandler reissued an "overweight" rating and issued a $475.00 price target (up from $450.00) on shares of Tesla in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $414.51.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing 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. Company insiders own 20.00% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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