N10 Wealth LLC Buys 4,306 Shares of Tesla, Inc. $TSLA

Key Points

• N10 Wealth LLC increased its Tesla position by 41.3% in the third quarter, purchasing 4,306 additional shares for a total of 14,724 shares valued at approximately $5.22 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s CFO Vaibhav Taneja sold 2,606 shares worth about $938,499 to cover tax obligations tied to vested equity awards; insiders retain a 19.9% ownership stake.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $412.33. Tesla recently missed quarterly EPS expectations, while investors continue to monitor margins, China’s competitive pressure and upcoming earnings.

N10 Wealth LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,724 shares of the electric vehicle producer's stock after acquiring an additional 4,306 shares during the quarter. Tesla makes up about 1.5% of N10 Wealth LLC's portfolio, making the stock its 25th biggest holding. N10 Wealth LLC's holdings in Tesla were worth $5,224,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its holdings in Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Amundi grew its stake in shares of 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 buying an additional 2,727,141 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. Finally, Invesco Ltd. increased its holdings in shares of Tesla by 14.0% during the 4th quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer's stock worth $7,636,301,000 after buying an additional 2,082,813 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction 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. Insiders own 19.90% of the company's stock.

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

Analyst Ratings Changes

A number of research analysts recently commented on TSLA shares. Mizuho set a $450.00 price objective on Tesla and gave the company an "outperform" rating in a report on Thursday, July 23rd. Tigress Financial reiterated a "buy" rating and issued a $550.00 price objective on shares of Tesla in a research report on Thursday, October 8th. DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Robert W. Baird set a $475.00 target price on Tesla in a research report on Monday, July 27th. Finally, Guggenheim began coverage on Tesla in a research report on Monday, June 29th. They issued a "neutral" rating on the stock. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $412.33.

Tesla Price Performance

Shares of TSLA opened at $367.16 on Thursday. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The stock has a market cap of $1.45 trillion, a PE ratio of 339.97, a P/E/G ratio of 24.37 and a beta of 1.92. The firm has a 50-day simple moving average of $358.60 and a two-hundred day simple moving average of $377.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

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

Tesla Company 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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.