T3 Companies LLC Sells 1,603,980 Shares of Tesla, Inc. $TSLA

Key Points

• T3 Companies LLC cut its Tesla stake by 99.7%, selling 1,603,980 shares during the third quarter and retaining just 4,520 shares worth approximately $1.6 million.
• Tesla reported quarterly adjusted earnings of $0.48 per share, ahead of estimates, but revenue was essentially flat at $28.05 billion, while automotive revenue and GAAP operating income declined.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $408.61; bullish views depend on successful autonomy, robotics and robotaxi execution amid concerns over reduced capital spending.

T3 Companies LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 99.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,520 shares of the electric vehicle producer's stock after selling 1,603,980 shares during the quarter. Tesla makes up 1.6% of T3 Companies LLC's investment portfolio, making the stock its 14th largest holding. T3 Companies LLC's holdings in Tesla were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Tesla in the second quarter worth approximately $25,000. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of Tesla during the second quarter valued at approximately $34,000. Lam Group Inc. acquired a new stake in shares of Tesla during the first quarter valued at approximately $37,000. Finally, Montgomery Financial Services LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research note on Thursday. Roth Capital reissued a "buy" rating and set a $505.00 target price on shares of Tesla in a research note on Thursday, July 23rd. TD Cowen restated a "buy" rating and issued a $460.00 target price on shares of Tesla in a report on Thursday. UBS Group reaffirmed a "neutral" rating and issued a $425.00 target price (up from $391.00) on shares of Tesla in a research report on Thursday. Finally, Oppenheimer began coverage on Tesla in a report on Thursday. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $408.61.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer directly 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 document filed with the SEC, which is available at 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 company insiders.

Tesla Stock Down 0.6%

Shares of Tesla stock traded down $2.36 on Friday, hitting $372.22. 34,679,783 shares of the company traded hands, compared to its average volume of 36,818,196. The company has a 50-day moving average price of $364.01 and a 200 day moving average price of $377.22. The company has a quick ratio of 1.55, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a market cap of $1.47 trillion, a PE ratio of 409.04, a PEG ratio of 23.78 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. Tesla's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current 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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