Goelzer Investment Management Inc. Sells 3,725 Shares of Tesla, Inc. $TSLA

Key Points

• Goelzer Investment Management cut its Tesla stake by 65.9% in the third quarter, selling 3,725 shares and retaining 1,931 shares valued at approximately $685,000.
• Institutional investors and hedge funds own 66.2% of Tesla, with major holders including State Street, Amundi and Bamco increasing their positions during recent quarters.
• Tesla shares opened at $354.72, while the company’s latest quarterly earnings missed EPS expectations despite revenue rising 25.5% year over year. Analysts have a consensus “Hold” rating and an average price target of $412.33.

Goelzer Investment Management Inc. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 65.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,931 shares of the electric vehicle producer's stock after selling 3,725 shares during the period. Goelzer Investment Management Inc.'s holdings in Tesla were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares in the last quarter. Legal & General Group Plc purchased a new stake in Tesla during the 2nd quarter worth about $8,535,612,000. Amundi raised its position in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Tesla in the 2nd quarter valued at about $6,083,630,000. Finally, Bamco Inc. NY raised its position 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 valued at $5,267,911,000 after purchasing an additional 591,243 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 2.1%

Tesla stock opened at $354.72 on Friday. The stock has a market cap of $1.40 trillion, a PE ratio of 328.45, a P/E/G ratio of 23.03 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock's fifty day moving average is $359.98 and its two-hundred day moving average is $376.90. Tesla, Inc. has a 1-year low of $297.38 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The company's revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's 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 completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 insiders.

Key Headlines Impacting Tesla

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reiterated a "buy" rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research note on Wednesday, October 7th. Barclays upped their target price on shares of Tesla from $360.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a report on Friday, September 25th. Roth Capital reaffirmed a "buy" rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $400.00 price target (up from $350.00) on shares of Tesla in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $412.33.

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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