Segment Wealth Management LLC Acquires 2,142 Shares of Tesla, Inc. $TSLA

Key Points

• Segment Wealth Management increased its Tesla stake by 17.9% in the third quarter, purchasing 2,142 additional shares to hold 14,097 shares valued at approximately $5.0 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 66.2% of Tesla’s shares; several major investors, including Legal & General and Bank of New York Mellon, recently established large positions.
• Tesla shares opened at $391.62, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $411.04. However, the company faces valuation and execution concerns, including a P/E ratio above 430 and nearly flat year-over-year revenue in its latest quarter.

Segment Wealth Management LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,097 shares of the electric vehicle producer's stock after purchasing an additional 2,142 shares during the period. Segment Wealth Management LLC's holdings in Tesla were worth $5,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSLA. Legal & General Group Plc acquired a new position in shares of Tesla during the second quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new stake in shares of Tesla in the second quarter worth about $6,083,630,000. Deutsche Bank AG acquired a new stake in shares of Tesla in the second quarter valued at about $4,039,090,000. Canada Pension Plan Investment Board acquired a new stake in shares of Tesla in the second quarter valued at about $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Tesla in the second quarter valued at about $2,995,584,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Barclays upgrade and SpaceX speculation: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450. The analyst cited potential value from a Tesla-SpaceX transaction, as well as improving prospects for Tesla’s automotive, energy-storage and autonomous-driving businesses. Tesla and SpaceX have reportedly formed independent committees to evaluate a possible combination, but no deal has been agreed. Buy Tesla Stock, Says Analyst. Why It Can Surge 20%.
• Positive Sentiment: Autonomy momentum: Tesla’s Full Self-Driving (FSD) system received approval in Latvia, reportedly bringing the number of approving EU countries to 10. Separately, a partnership with Turo will promote FSD-equipped Tesla vehicles available through its rental marketplace, potentially increasing consumer adoption and subscription revenue. Cybercab activity also reportedly reached a record during Austin’s Formula One weekend. Tesla turns to Turo to boost adoption of Full Self-Driving
• Positive Sentiment: AI and robotics investment case: Analysts argued that Tesla’s reduced 2026 capital-spending forecast reflects timing rather than a retreat from AI. The company still has more than $45 billion in cash and investments to fund Full Self-Driving, Cybercab and Optimus development. Management also expects spending to rise in future years.
• Neutral Sentiment: Short-interest data appears inconsistent: One report described a large increase in October short interest but simultaneously listed total short interest at zero shares and a zero-day days-to-cover ratio. The figures should therefore be treated cautiously rather than as a reliable signal of short-covering demand.
• Negative Sentiment: Execution and valuation concerns: Tesla’s third-quarter revenue was essentially flat year over year, while operating income reportedly fell 56%. Critics also highlighted a P/E ratio above 400 and questioned whether the stock price already discounts successful autonomy, robotics and SpaceX-related outcomes.
• Negative Sentiment: Cybertruck weakness: Reports that Tesla canceled or delayed Cybertruck availability in two countries underscore concerns about the vehicle’s weaker-than-expected demand and limited international expansion. Tesla Cancels Cybertruck in Two Countries

Tesla Trading Up 5.2%

NASDAQ:TSLA opened at $391.62 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $363.77 and its two-hundred day moving average is $386.75. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a market cap of $1.55 trillion, a PE ratio of 430.36, a P/E/G ratio of 23.62 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.50 EPS. The business's revenue was down .2% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 0.71 EPS for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's 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 transaction, the chief financial officer directly 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 document filed with the SEC, which is available 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 owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company reiterated a "buy" rating on shares of Tesla in a report on Thursday, October 1st. KeyCorp upgraded Tesla to a "sector weight" rating in a report on Monday, September 28th. Mizuho increased their price objective 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. Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Tesla has an average rating of "Moderate Buy" and an average price target of $411.04.

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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