North Dakota State Investment Board Purchases 3,342 Shares of Tesla, Inc. $TSLA

Key Points

• North Dakota State Investment Board increased its Tesla position by 3.9% in the third quarter, acquiring 3,342 shares and bringing its total to 89,473 shares valued at approximately $31.7 million.
• Institutional investors own 66.2% of Tesla, while company insiders own 20%; CFO Vaibhav Taneja sold 2,606 shares to cover tax obligations related to vested equity awards.
• Tesla has a “Moderate Buy” consensus rating with an average price target of $414.51, but its valuation remains elevated at a P/E ratio above 444. The company narrowly beat quarterly earnings estimates, while revenue declined 0.2% year over year.

North Dakota State Investment Board raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,473 shares of the electric vehicle producer's stock after acquiring an additional 3,342 shares during the period. Tesla comprises approximately 1.2% of North Dakota State Investment Board's holdings, making the stock its 12th largest holding. North Dakota State Investment Board's holdings in Tesla were worth $31,746,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Bamco Inc. NY lifted its holdings in shares of Tesla by 5.0% during 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 acquiring an additional 591,243 shares during the period. One Plus One Wealth Management LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at $1,009,000. Bessemer Group Inc. grew its holdings 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 worth $20,908,000 after purchasing an additional 10,747 shares during the last quarter. H&H International Investment LLC bought a new stake in shares of Tesla in the 1st quarter worth about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tesla by 12.4% in the 3rd 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 last quarter. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The shares were 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 $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Barclays upgraded Tesla to Overweight with a $450 price target, arguing that the company’s potential extends beyond a SpaceX merger. Analysts cited electric vehicles, energy storage and Full Self-Driving subscriptions as independent growth drivers. Why Tesla’s Upside Is About More Than a SpaceX Merger
• Positive Sentiment: Optimism around robotaxis continued after Elon Musk said Tesla plans to expand service to Miami and Tampa beaches. ARK Invest also reaffirmed its highly bullish long-term price target, assigning most of Tesla’s projected future value to robotaxis. Elon Musk Says Tesla Robotaxi Expansion
• Positive Sentiment: Tesla’s battery-storage business is showing demand strength, with Megapack systems reportedly nearing a sellout through 2027. A growing battery-passport market could also benefit Tesla’s energy and compliance-related offerings. Tesla Is Nearing a Sellout of Megapack Systems
• Neutral Sentiment: Speculation about a Tesla-SpaceX merger remains a major market driver, but no transaction terms or agreement have been announced. Such a deal could provide strategic benefits while also creating dilution, governance and valuation concerns for Tesla shareholders. Elon Musk Says Merging SpaceX and Tesla Would Be a Good Idea
• Negative Sentiment: Recent positive free cash flow appears driven largely by lower-than-expected capital spending—$4.73 billion versus roughly $7.77 billion expected—rather than improved operations. Operating income reportedly fell 56% to $718 million, underscoring pressure on profitability while Tesla invests heavily in AI, robotaxis and Optimus. Tesla’s Free Cash Flow Just Turned Positive
• Negative Sentiment: Execution and regulatory concerns also weighed on sentiment: 80 Tesla drivers in South Korea reportedly face criminal referrals for unauthorized FSD activation, while commentary questioned the Roadster’s performance and the company’s ability to defend its autonomy lead against Waymo and Chinese rivals. Tesla’s extremely high earnings multiple leaves little room for disappointment. 80 Tesla Drivers Face Criminal Charges in South Korea

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. BNP Paribas Exane upgraded shares of Tesla from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $266.00 to $420.00 in a research report on Thursday, October 22nd. Stifel Nicolaus set a $475.00 price target on shares of Tesla in a research report on Thursday, October 22nd. Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Roth Capital reaffirmed a "buy" rating and set a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. Finally, HSBC reaffirmed a "reduce" rating and set a $157.00 price objective on shares of Tesla in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla Price Performance

Shares of TSLA stock opened at $404.22 on Thursday. The stock's fifty day moving average is $367.47 and its 200-day moving average is $386.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. The stock has a market capitalization of $1.60 trillion, a PE ratio of 444.20, a PEG ratio of 23.62 and a beta of 1.92. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period last year, the company posted $0.50 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 0.70 EPS for the current fiscal year.

About Tesla

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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