Pinnacle Associates Ltd. Decreases Stock Position in Tesla, Inc. $TSLA

Key Points

• Pinnacle Associates reduced its Tesla stake by 8.9% in Q3, selling 4,978 shares and holding 50,739 shares valued at about $22.57 million as of the latest 13F filing.
• Notable insider selling: directors Kimbal Musk and James R. Murdoch sold large blocks (56,820 and 60,000 shares respectively), and insiders have sold 142,551 shares worth ~$63.0 million over the last 90 days, though insiders still own 19.9% of the company.
• Tesla is trading below recent moving averages (stock down ~2.2%), with a market cap of $1.49 trillion and a high P/E (~367); analysts are mixed and the consensus rating is "Hold" with a $406.84 average price target amid both bullish (BofA upgrade, Europe registrations) and bearish (competitive charging tech, weak UK sales) signals.

Pinnacle Associates Ltd. cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,739 shares of the electric vehicle producer's stock after selling 4,978 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Tesla were worth $22,565,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TSLA. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC bought a new position in Tesla during the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the 2nd quarter worth about $30,000. ESL Trust Services LLC lifted its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Tesla in the second quarter worth about $32,000. Institutional investors own 66.20% of the company's stock.

Tesla Stock Down 2.2%

Shares of NASDAQ:TSLA opened at $396.73 on Monday. The business's 50 day moving average is $425.17 and its 200 day moving average is $424.02. The stock has a market cap of $1.49 trillion, a P/E ratio of 367.34, a price-to-earnings-growth ratio of 11.73 and a beta of 1.89. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the company posted $0.73 EPS. Tesla's revenue was down 3.1% on a year-over-year basis. Sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Higher oil/gas prices make EV ownership relatively more attractive, which could support Tesla vehicle demand and margins in coming months. Oil prices are surging. Will that help Tesla and others sell more EVs?
• Positive Sentiment: February Europe registrations rose ~10% for Tesla in some reporting, showing pockets of demand resilience despite competitive pressure. Tesla's Europe registrations rise 10% in February despite sales drops in key markets
• Positive Sentiment: Bank of America issued a buy/upgrade view on Tesla (along with legacy automakers), citing opportunities such as robotaxi upside that could support a longer‑term recovery in sentiment. BofA Upgrades Ford (F), Tesla (TSLA), and GM (GM) Stock: What Investors Need to Know
• Neutral Sentiment: Tesla filed a new patent suggesting a bold seat design for the next‑gen Roadster — an innovation signal but not an immediate revenue driver. Tesla Patent Points to Bold New Seat Design for Next-Gen Roadster
• Negative Sentiment: BYD unveiled ultra‑fast charging tech (claims of near‑full in ~9 minutes), which threatens Tesla’s Supercharger competitive edge and raises execution/market‑share risk. BYD Needs Just 9 Minutes To Challenge Tesla's Last Great Advantage
• Negative Sentiment: UK sales plunged ~37% year‑over‑year in February, underscoring uneven regional recovery and intensifying competitive pressure from Chinese EV makers. Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows
• Negative Sentiment: Analyst action and option‑market signals are bearish: BNP Paribas/Exane cut TSLA targets and near‑term put premiums are elevated, implying hedging/short interest and potential selling pressure. BNP Paribas Exane Cuts Tesla NASDAQ: TSLA Price Target to $280.00

Insider Activity

In related news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 142,551 shares of company stock worth $63,023,276. Company insiders own 19.90% of the company's stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. President Capital cut their target price on Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. JPMorgan Chase & Co. dropped their price objective on Tesla from $150.00 to $145.00 and set an "underweight" rating for the company in a report on Friday, January 30th. William Blair reaffirmed a "market perform" rating on shares of Tesla in a research report on Friday, January 2nd. HSBC reiterated a "reduce" rating on shares of Tesla in a research note on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $500.00 target price on shares of Tesla in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $406.84.

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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