Fortress Financial Solutions LLC Makes New Investment in Tesla, Inc. $TSLA

Key Points

• Fortress Financial Solutions LLC acquired 2,215 Tesla shares worth approximately $786,000 in the third quarter. Hedge funds and other institutional investors collectively own 66.20% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding on vested equity awards, reducing his position by 9.12%; insiders own 19.90% of the company.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but missed earnings expectations with $0.33 EPS versus a $0.50 consensus estimate. Analysts’ consensus rating remains Hold, with an average price target of $412.33.

Fortress Financial Solutions LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,215 shares of the electric vehicle producer's stock, valued at approximately $786,000.

Several other hedge funds have also made changes to their positions in TSLA. Bamco Inc. NY lifted its stake in 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 acquiring an additional 591,243 shares in the last quarter. One Plus One Wealth Management LLC acquired a new stake in Tesla in the second quarter valued at approximately $1,009,000. Bessemer Group Inc. lifted its stake in shares of Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock valued at $20,908,000 after purchasing an additional 10,747 shares during the last quarter. H&H International Investment LLC acquired a new stake in shares of Tesla in the first quarter worth about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position 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 purchasing an additional 4,806 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In related 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 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. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 currently owned by corporate insiders.

Tesla Price Performance

TSLA opened at $367.16 on Thursday. 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. The company has a fifty day moving average price of $358.60 and a two-hundred day moving average price of $377.05. The firm has a market capitalization of $1.45 trillion, a PE ratio of 339.97, a P/E/G ratio of 24.37 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, analysts anticipate that Tesla, Inc. will post 0.69 earnings per share for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Roth Capital restated a "buy" rating and set a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Piper Sandler initiated coverage on Tesla in a report on Monday, September 14th. They set an "overweight" rating on the stock. Morgan Stanley restated a "reduce" rating on shares of Tesla in a research note on Monday, September 14th. Finally, Tigress Financial restated a "buy" rating and set a $550.00 price target on shares of Tesla in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $412.33.

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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