Evergreen Capital Management LLC Sells 9,654 Shares of Tesla, Inc. $TSLA

Evergreen Capital Management LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,140 shares of the electric vehicle producer's stock after selling 9,654 shares during the period. Evergreen Capital Management LLC's holdings in Tesla were worth $12,113,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in Tesla in the 2nd quarter worth $8,535,612,000. Bank of New York Mellon Corp bought a new stake in Tesla in the second quarter worth about $6,083,630,000. Deutsche Bank AG purchased a new position in shares of Tesla during the second quarter valued at approximately $4,039,090,000. Canada Pension Plan Investment Board purchased a new position in shares of Tesla during the second quarter valued at approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Tesla during the second quarter valued at approximately $2,995,584,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Trading Down 0.6%

NASDAQ:TSLA opened at $372.22 on Friday. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.74. The firm has a market cap of $1.47 trillion, a P/E ratio of 409.04, a P/E/G ratio of 23.63 and a beta of 1.92. The firm has a 50-day simple moving average of $364.01 and a 200-day simple moving average of $377.22.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly 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. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm had revenue of $28.05 billion during the quarter, compared to analysts' expectations of $28.06 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company's revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho boosted their price objective on Tesla from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday. William Blair reiterated a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. TD Cowen reiterated a "buy" rating and set a $460.00 target price on shares of Tesla in a research report on Thursday. Oppenheimer began coverage on shares of Tesla in a research note on Thursday. They set an "outperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $408.61.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Tesla 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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