Pinnacle Wealth Planning Services Inc. Buys 1,297 Shares of Tesla, Inc. $TSLA

Key Points

• Pinnacle Wealth Planning Services increased its Tesla position by 6.1% in the third quarter, buying 1,297 shares to hold 22,435 shares valued at approximately $7.96 million.
• Institutional investors own 66.2% of Tesla, while CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax obligations tied to vested equity awards.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $414.51, although Tesla trades at a very high P/E ratio of 444.2 and faces profitability and execution concerns.

Pinnacle Wealth Planning Services Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,435 shares of the electric vehicle producer's stock after buying an additional 1,297 shares during the quarter. Tesla accounts for approximately 0.8% of Pinnacle Wealth Planning Services Inc.'s holdings, making the stock its 22nd largest position. Pinnacle Wealth Planning Services Inc.'s holdings in Tesla were worth $7,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA purchased a new stake in Tesla during the second quarter valued at $25,000. Harborfront Financial Group LLC purchased a new position in Tesla in the second quarter worth about $34,000. Montgomery Financial Services LLC purchased a new position in Tesla in the second quarter worth about $40,000. Timbuktu Capital Management LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $42,000. Finally, Navigoe LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $45,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TSLA shares. Mizuho upped their price target on shares of Tesla from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, October 22nd. CLSA reiterated an "underperform" rating on shares of Tesla in a research note on Monday. KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. Monness Crespi & Hardt assumed coverage on shares of Tesla in a research report on Monday. They set a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Tesla in a report on Monday. They set a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $414.51.

More Tesla News

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

Tesla Stock Performance

NASDAQ:TSLA opened at $404.22 on Thursday. The stock has a 50-day simple moving average of $367.47 and a two-hundred day simple moving average of $386.26. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. 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 firm has a market capitalization of $1.60 trillion, a PE ratio of 444.20, a P/E/G ratio of 23.62 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping 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 business had revenue of $28.05 billion during the quarter, compared to analysts' expectations of $28.06 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 0.70 EPS for the current 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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