Tesla, Inc. $TSLA Position Lifted by Total Clarity Wealth Management Inc.

Key Points

• Total Clarity Wealth Management increased its Tesla position by 54.2% in the third quarter, bringing its holdings to 8,169 shares valued at approximately $2.9 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla has a “Moderate Buy” consensus rating and an average price target of $411.04, with Barclays raising its target to $450 amid optimism about robotaxis and potential SpaceX-related benefits.
• The outlook remains mixed: robotaxi, energy-storage and autonomy initiatives offer growth potential, but Tesla faces profitability pressure, a sharply lower operating income, high valuation, Cybertruck demand concerns and uncertainty surrounding any SpaceX merger.

Total Clarity Wealth Management Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 54.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,169 shares of the electric vehicle producer's stock after acquiring an additional 2,872 shares during the quarter. Total Clarity Wealth Management Inc.'s holdings in Tesla were worth $2,898,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Legal & General Group Plc purchased a new stake in Tesla during the second quarter worth about $8,535,612,000. Amundi boosted its holdings in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Tesla during the second quarter worth about $6,083,630,000. Finally, Bamco Inc. NY grew its position in Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock worth $5,267,911,000 after buying an additional 591,243 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger speculation and analyst upgrade: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450, citing the potential strategic and financial benefits of combining Tesla with SpaceX. However, the companies have not agreed to merger terms, and independent committees are still evaluating the idea. Tesla Stock Surges After Barclays Upgrade on Hopes of a SpaceX Merger
• Positive Sentiment: Robotaxi momentum: Texas DMV data shows 1,051 Tesla vehicles authorized for robotaxi use, including 544 Cybercabs. Management also says the Cybercab factory can produce vehicles faster than Tesla can deploy them, suggesting manufacturing capacity may not be the immediate constraint. Cybercabs Overtake Model Ys in Texas Robotaxi Fleet
• Positive Sentiment: Autonomy and technology catalysts: Tesla is using LFP batteries for Cybercabs, expanding supervised driving approval in Europe and promoting Full Self-Driving through a Turo rental partnership. ARK Invest reiterated a $4,400 long-term target, assigning most of its projected 2031 enterprise value to robotaxis. Tesla Moves to Future-Proof Cybercabs with LFP Battery Technology
• Positive Sentiment: Energy and per-vehicle improvements: Tesla’s Megapack systems are reportedly nearly sold out through 2027, while third-quarter per-car metrics indicated modest cost improvement and continued pricing power.
• Neutral Sentiment: Merger remains uncertain: A SpaceX-Tesla deal could improve access to chips, AI, satellite connectivity and capital, but the transaction could also leave Tesla shareholders as the junior partner and dilute their ownership. Tesla Shareholders Might Be the Junior Partner
• Negative Sentiment: Profitability and valuation risks: Tesla’s reported profit fell sharply, with operating income down 56% year over year, while heavy spending on autonomy and robotics pressures margins. Critics also note that free cash flow benefited from approximately $1.9 billion in slower supplier payments, and the stock’s valuation leaves little room for execution setbacks.
• Negative Sentiment: Product concerns: Cybertruck demand has underperformed expectations, and Tesla reportedly canceled plans to offer the vehicle in two countries, adding to concerns about the traditional automotive business.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research analyst reports. KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. Wells Fargo & Company reissued a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. TD Cowen assumed coverage on Tesla in a report on Monday. They issued a "hold" rating on the stock. Jefferies Financial Group raised Tesla from a "hold" rating to a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Tesla from $415.00 to $430.00 and gave the company a "neutral" rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $411.04.

Tesla Stock Up 4.0%

Tesla stock opened at $407.46 on Wednesday. The firm has a market capitalization of $1.61 trillion, a PE ratio of 447.76 and a beta of 1.92. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The firm's 50-day simple moving average is $366.12 and its 200 day simple moving average is $386.42.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. The business's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. On average, research analysts expect that Tesla, Inc. will post 0.70 EPS for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This trade 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. 20.00% of the stock is owned by company insiders.

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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