Sax Wealth Advisors LLC Purchases 9,561 Shares of Tesla, Inc. $TSLA

Key Points

• Sax Wealth Advisors increased its Tesla stake by 141.4% in the third quarter, purchasing 9,561 additional shares and bringing its holdings to 16,323 shares valued at approximately $5.8 million.
• Tesla shares fell 0.9% to $374.81, while the stock remained highly valued at roughly $1.48 trillion and a P/E ratio of 347.57. Analysts maintain a consensus “Hold” rating with an average price target of $412.33.
• Potential catalysts include stronger-than-expected deliveries, a higher Jefferies price target and robotaxi expansion, while Cybertruck demand, regulatory scrutiny and Tesla’s elevated valuation remain key risks.

Sax Wealth Advisors LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 141.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,323 shares of the electric vehicle producer's stock after purchasing an additional 9,561 shares during the quarter. Sax Wealth Advisors LLC's holdings in Tesla were worth $5,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TSLA. Security National Bank of Sioux City Iowa IA acquired a new position in Tesla in the second quarter valued at approximately $25,000. Friedenthal Financial increased its stake in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in Tesla in the 2nd quarter valued at $34,000. Lam Group Inc. bought a new position in shares of Tesla during the first quarter worth about $37,000. Finally, Montgomery Financial Services LLC bought a new stake in shares of Tesla in the second quarter worth $40,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Deliveries exceeded expectations: Tesla delivered 486,532 vehicles in Q3 2026, supporting the automotive outlook and helping fuel bullish expectations for a potential recovery toward prior highs. Is Tesla a Car Market Leader or a $1 Trillion Robotics Gamble?
• Positive Sentiment: Analyst target increased: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other non-automotive businesses, although it retained a Hold rating. Jefferies raises Tesla price target
• Positive Sentiment: Robotaxi expansion remains a catalyst: Tesla’s Cybercab fleet reportedly surpassed 300 vehicles in Austin, while a planned European debut at the Paris Motor Show could increase visibility for its autonomous-driving strategy. Tesla to Debut Cybercab at Paris Motor Show
• Neutral Sentiment: Earnings could drive volatility: Investors will focus on automotive gross margin, softer delivery trends, energy-storage and services growth, operating costs and the outlook for artificial intelligence and robotics when Tesla reports Q3 results. Tesla Q3 earnings preview
• Negative Sentiment: Cybertruck demand is a concern: New estimates indicate Cybertruck sales remain far below Elon Musk’s ambitious target, raising questions about product demand and Tesla’s ability to diversify beyond its core models. Cybertruck deliveries look dismal
• Negative Sentiment: Regulatory and valuation risks persist: U.S. regulators are examining allegations that Tesla robotaxis exceeded speed limits in school zones, while Tesla’s roughly $1.5 trillion valuation leaves limited room for execution mistakes. Political activity by Elon Musk and intensifying EV competition add further uncertainty. Tesla robotaxi regulatory scrutiny

Tesla Stock Down 0.9%

Shares of NASDAQ TSLA traded down $3.21 during mid-day trading on Tuesday, reaching $374.81. 9,435,366 shares of the company's stock traded hands, compared to its average volume of 50,919,730. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The business has a 50-day simple moving average of $356.73 and a 200 day simple moving average of $377.16. The stock has a market cap of $1.48 trillion, a P/E ratio of 347.57, a PEG ratio of 23.45 and a beta of 1.92. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share 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 the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. On average, analysts expect that Tesla, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLA. Cantor Fitzgerald restated an "overweight" rating on shares of Tesla in a research note on Monday, September 28th. Roth Capital reaffirmed a "buy" rating and issued a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. BMO Capital Markets started coverage on shares of Tesla in a research note on Monday, August 17th. They issued an "outperform" rating for the company. Guggenheim began coverage on Tesla in a research report on Monday, June 29th. They issued a "neutral" rating on the stock. Finally, KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average target price of $412.33.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction 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. 19.90% of the stock is owned by corporate insiders.

About Tesla

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.

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