Tesla, Inc. $TSLA Holdings Decreased by Brighton Jones LLC

Key Points

• Brighton Jones LLC cut its Tesla stake by 3.7% in the third quarter, selling 3,526 shares and retaining 91,660 shares valued at about $32.5 million.
• Institutional investors hold 66.2% of Tesla shares, with other firms reporting both increases and reductions in their positions.
• Analysts give Tesla a consensus “Moderate Buy” rating, with an average price target of $414.51; the company narrowly beat quarterly EPS estimates, while revenue was essentially in line and down 0.2% year over year.

Brighton Jones LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,660 shares of the electric vehicle producer's stock after selling 3,526 shares during the quarter. Tesla accounts for about 0.6% of Brighton Jones LLC's holdings, making the stock its 28th largest position. Brighton Jones LLC's holdings in Tesla were worth $32,522,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY boosted its holdings in Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the period. One Plus One Wealth Management LLC bought a new position in shares of Tesla in the second quarter worth $1,009,000. Bessemer Group Inc. increased its holdings in shares of Tesla by 23.6% in the first quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock worth $20,908,000 after purchasing an additional 10,747 shares during the period. H&H International Investment LLC purchased a new stake in shares of Tesla in the first quarter worth $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Tesla by 12.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer's stock worth $15,470,000 after buying an additional 4,806 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSLA shares. Stifel Nicolaus set a $475.00 price objective on Tesla in a research note on Thursday, October 22nd. Canaccord Genuity Group set a $442.00 target price on Tesla and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Yorkville Ives began coverage on Tesla in a report on Wednesday, October 7th. They issued an "outperform" rating and a $500.00 price target on the stock. Truist Financial set a $370.00 price target on Tesla and gave the company a "hold" rating in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $485.00 price target on shares of Tesla in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $414.51.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Tesla Stock Performance

Tesla stock opened at $358.22 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two 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 stock has a market cap of $1.42 trillion, a P/E ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74. The firm's fifty day moving average price is $372.14 and its 200-day moving average price is $384.35.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results 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 company had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated 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 sale, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. 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. 20.00% of the stock is currently owned by company insiders.

Tesla Profile

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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