Nightview Capital LLC Sells 2,517 Shares of Tesla, Inc. $TSLA

Key Points

• Nightview Capital reduced its Tesla position by 2.5%, selling 2,517 shares and retaining 96,648 shares valued at approximately $34.3 million. Tesla remains the firm’s largest holding, representing about 26% of its portfolio.
• Institutional investors own approximately 66.2% of Tesla’s shares, while analyst sentiment is mixed: the consensus rating is “Hold” with an average price target of $415.07.
• Tesla’s third-quarter adjusted EPS of $0.48 beat estimates, but revenue was essentially flat year over year and operating income declined sharply. Investors remain focused on pressure in the energy and automotive businesses and the company’s heavy investment in AI, robotics and autonomous-driving initiatives.

Nightview Capital LLC reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,648 shares of the electric vehicle producer's stock after selling 2,517 shares during the period. Tesla comprises about 26.0% of Nightview Capital LLC's investment portfolio, making the stock its largest holding. Nightview Capital LLC's holdings in Tesla were worth $34,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. State Street Corp boosted its position 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 acquiring an additional 2,761,298 shares during the last quarter. Amundi grew its stake in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in shares of Tesla in the second quarter valued at approximately $6,083,630,000. Finally, Bamco Inc. NY raised its holdings in shares of Tesla by 5.0% in the second 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 during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSLA. Guggenheim assumed coverage on shares of Tesla in a research report on Monday, June 29th. They issued a "neutral" rating on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Thursday, July 23rd. UBS Group reiterated a "neutral" rating on shares of Tesla in a research note on Thursday. Finally, Jefferies Financial Group reissued a "hold" rating and set a $400.00 price target (up from $350.00) on shares of Tesla in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $415.07.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Adjusted earnings beat expectations: Tesla reported third-quarter EPS of $0.48, above the $0.45 consensus estimate. Revenue of approximately $28.05 billion was broadly in line with forecasts, while vehicle deliveries rebounded and services revenue increased 33%. Reuters Tesla earnings report
• Positive Sentiment: Cash generation and future businesses provided support: Tesla ended the quarter with roughly $45.4 billion in cash and generated about $1.5 billion in free cash flow. The company also began producing Optimus humanoid robots in Fremont, while driverless Cybercab rides and robotaxi expansion reinforce the long-term artificial-intelligence investment case. Business Insider Optimus production report
• Neutral Sentiment: SpaceX merger remains a major valuation catalyst—but only a possibility: Independent committees at Tesla and SpaceX are evaluating a potential merger, and Elon Musk has called the idea attractive. However, Musk offered no substantive new information during Wednesday’s discussion, and the transaction would require shareholder approval and could involve stock issuance that dilutes Tesla investors. MarketWatch Tesla SpaceX merger update
• Negative Sentiment: Profitability deteriorated sharply: Operating income fell 56% year over year as spending on AI, robotics and autonomous driving increased. The quarter’s revenue was essentially flat, and investors remain concerned that Tesla’s premium valuation depends increasingly on future businesses rather than its core automotive operations. Business Insider Tesla profit report
• Negative Sentiment: Energy and automotive pressures persisted: Energy-segment revenue missed estimates by about 22%, regulatory-credit revenue declined 76%, and analysts highlighted delays or uncertainty around key growth products. These results are weighing more heavily than the modest EPS and revenue beats. Investor's Business Daily Tesla energy revenue report

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Stock Up 3.4%

NASDAQ:TSLA opened at $386.47 on Thursday. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 357.85, a price-to-earnings-growth ratio of 23.73 and a beta of 1.92. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The stock's 50 day moving average price is $362.72 and its two-hundred day moving average price is $377.16. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The business's revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Tesla Company 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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