TD Waterhouse Canada Inc. Sells 4,294 Shares of Tesla, Inc. $TSLA

Key Points

• TD Waterhouse Canada reduced its Tesla position by 2.6%, selling 4,294 shares and retaining 159,516 shares valued at approximately $67.9 million.
• Institutional investors and hedge funds own 66.2% of Tesla, with several major holders—including State Street, Geode Capital, Norges Bank and Amundi—recently increasing their stakes.
• Tesla shares opened at $365.44, while the company’s latest quarterly results showed revenue of $28.24 billion but adjusted earnings of $0.33 per share, below the $0.50 consensus estimate. Analysts’ average rating is “Hold,” with an average price target of $414.68.

TD Waterhouse Canada Inc. cut its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,516 shares of the electric vehicle producer's stock after selling 4,294 shares during the period. TD Waterhouse Canada Inc.'s holdings in Tesla were worth $67,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares during the period. Geode Capital Management LLC increased its position in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after acquiring an additional 375,946 shares in the last quarter. Norges Bank bought a new position in Tesla in the 4th quarter valued at about $17,128,100,000. Amundi increased its holdings in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 0.5%

Shares of Tesla stock opened at $365.44 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm has a market cap of $1.44 trillion, a PE ratio of 338.37, a PEG ratio of 18.45 and a beta of 1.84. The company has a 50 day simple moving average of $353.71 and a two-hundred day simple moving average of $381.39.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. Analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on TSLA shares. Citigroup restated a "market perform" rating on shares of Tesla in a research note on Monday, August 24th. JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research note on Tuesday, July 28th. Roth Capital reissued a "buy" rating and issued a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Finally, Citizens Jmp began coverage on Tesla in a research report on Thursday, July 9th. They set a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $414.68.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla confirmed that its long-delayed Semi electric truck will enter Europe, with customer deliveries expected to begin in 2027. Morgan Stanley argues that high diesel prices could improve the economics of electric heavy-duty trucks and create a large new market for Tesla. Tesla eyes European freight market with long-delayed Semi truck
• Positive Sentiment: The Semi announcement strengthens Tesla’s longer-term growth narrative beyond passenger vehicles. Investors are also focused on possible future catalysts from robotaxis, Full Self-Driving software and Optimus robotics, although these businesses have yet to demonstrate large-scale profitability. How Tesla could transform trucking
• Neutral Sentiment: Tesla’s Cybercab pilot in Austin and recent Optimus demonstrations are sustaining investor interest in artificial intelligence and autonomous services. However, analysts and investors continue to debate whether Tesla can scale robotaxis profitably and compete with Waymo. Tesla opinions on Optimus and robotaxi innovations
• Negative Sentiment: China remains a significant pressure point. Tesla’s August sales reportedly fell about 26% year over year despite the launch of the Model Y Performance, marking another monthly decline amid intense competition from BYD and other domestic manufacturers. Tesla launches Model Y Performance in China
• Negative Sentiment: House lawmakers are seeking federal action after videos appeared to show drivers asleep while using Autopilot or Full Self-Driving. Additional scrutiny could slow autonomous-service expansion and increase legal, regulatory and reputational risks. House Democrat urges US action over sleeping Tesla drivers
• Negative Sentiment: Investors remain concerned about Tesla’s valuation and profitability: operating margins have reportedly fallen to 1.4%, free cash flow turned negative, and China discounts could support deliveries while further reducing margins. The stock’s premium valuation leaves limited room for execution disappointments.
• Neutral Sentiment: CFO Vaibhav Taneja sold shares to cover tax withholding on vested equity awards. While the transaction may attract attention, it was not described as a discretionary investment sale and therefore provides limited insight into management’s outlook. Vaibhav Taneja sells Tesla shares

Insider Transactions at Tesla

In related 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 value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Tesla Company Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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