Tesla, Inc. $TSLA Position Increased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Tesla stake by 7.3% in the third quarter, bringing its holdings to 171,170 shares valued at approximately $60.6 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed the $0.50 consensus forecast. The stock opened at $354.72, with a market capitalization of about $1.4 trillion and a notably high P/E ratio of 328.45.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $412.33. Recent developments include CFO Vaibhav Taneja selling shares for tax obligations, while investors remain focused on Tesla’s autonomy initiatives, the delayed Roadster, leadership changes and upcoming earnings.

TD Waterhouse Canada Inc. raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,170 shares of the electric vehicle producer's stock after acquiring an additional 11,654 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Tesla were worth $60,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthBridge Capital Management LLC boosted its position in Tesla by 1.1% in the third quarter. WealthBridge Capital Management LLC now owns 4,789 shares of the electric vehicle producer's stock worth $1,699,000 after purchasing an additional 52 shares during the last quarter. Peddock Capital Advisors LLC increased its position in shares of Tesla by 2.5% during the 3rd quarter. Peddock Capital Advisors LLC now owns 1,731 shares of the electric vehicle producer's stock valued at $614,000 after purchasing an additional 43 shares during the last quarter. Rise Advisors LLC increased its position in shares of Tesla by 2.6% during the 3rd quarter. Rise Advisors LLC now owns 2,922 shares of the electric vehicle producer's stock valued at $1,037,000 after purchasing an additional 73 shares during the last quarter. James T. Borello RIA increased its position in shares of Tesla by 3.5% during the 3rd quarter. James T. Borello RIA now owns 938 shares of the electric vehicle producer's stock valued at $333,000 after purchasing an additional 32 shares during the last quarter. Finally, Cyr Financial Inc. lifted its stake in shares of Tesla by 10.9% in the 3rd quarter. Cyr Financial Inc. now owns 4,012 shares of the electric vehicle producer's stock worth $1,423,000 after purchasing an additional 394 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $354.72 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The stock has a 50-day simple moving average of $359.98 and a two-hundred day simple moving average of $376.90. The firm has a market capitalization of $1.40 trillion, a PE ratio of 328.45, a P/E/G ratio of 23.03 and a beta of 1.92. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the business earned $0.33 EPS. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 0.71 EPS for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company's stock, 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 SEC, which can be accessed through this link. 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.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research reports. Morgan Stanley reissued a "reduce" rating on shares of Tesla in a report on Monday, September 14th. Mizuho set a $450.00 target price on shares of Tesla and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Robert W. Baird set a $475.00 target price on shares of Tesla in a report on Monday, July 27th. KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. Finally, Wells Fargo & Company reiterated a "buy" rating on shares of Tesla in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $412.33.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

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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