Tesla, Inc. $TSLA Shares Acquired by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its Tesla stake by 11.7% in the third quarter, acquiring 3,229 additional shares and bringing its holdings to 30,844 shares valued at approximately $10.9 million.
• Institutional investors and hedge funds own 66.2% of Tesla, while CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax obligations related to vested equity awards.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and an average price target of $412.33. The stock trades at a very high valuation, while strong deliveries and China sales growth are balanced by spending concerns, regulatory scrutiny of robotaxis and weak Cybertruck demand.

Signal Advisors Wealth LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,844 shares of the electric vehicle producer's stock after acquiring an additional 3,229 shares during the period. Signal Advisors Wealth LLC's holdings in Tesla were worth $10,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA acquired a new position in Tesla during the 2nd quarter valued at about $25,000. Friedenthal Financial boosted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $34,000. Montgomery Financial Services LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $40,000. Finally, Lam Group Inc. bought a new stake in shares of Tesla during the first quarter worth approximately $37,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 value of $938,498.78. Following the sale, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley restated a "reduce" rating on shares of Tesla in a report on Monday, September 14th. Citigroup reaffirmed a "market perform" rating on shares of Tesla in a research note on Wednesday, September 16th. Citizens Jmp initiated coverage on shares of Tesla in a report on Thursday, July 9th. They set a "market perform" rating for the company. Tigress Financial reiterated a "buy" rating and set a $550.00 target price on shares of Tesla in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $412.33.

Tesla Price Performance

Tesla stock opened at $375.23 on Wednesday. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 347.44, a PEG ratio of 23.17 and a beta of 1.92. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The business has a 50-day moving average of $357.69 and a 200-day moving average of $377.09. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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 net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the company posted $0.33 EPS. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 0.73 EPS for the current year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s third-quarter deliveries totaled 486,532 vehicles, exceeding Wall Street’s estimate of approximately 462,000 and helping drive the recent rebound in the shares. However, deliveries remained below the prior-year period. Tesla Trades at 219x Earnings
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s growth streak in China to 11 months, supported by overseas shipments and price incentives. Tesla China EV Sales Growth
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other nonautomotive businesses, although it retained a Hold rating. Jefferies Raises Tesla Price Target
• Positive Sentiment: Tesla is expanding its Austin robotaxi fleet and showcasing the Cybercab and driver-assistance technology at the Paris Motor Show, providing potential catalysts for its autonomy strategy. Tesla Robotaxi Lands in Paris
• Neutral Sentiment: Investors are looking ahead to Tesla’s October 21 earnings report, focusing on automotive margins, profitability, capital spending and growth in energy storage and services. Tesla Q3 Earnings Preview
• Negative Sentiment: Analysts have lowered Tesla’s target as concerns grow over approximately $25 billion in planned spending and rising operating costs. The company’s very high earnings multiple also makes the stock vulnerable to weak profits or disappointing guidance. Tesla Target Lowered Over Spending
• Negative Sentiment: U.S. regulators are investigating allegations that Tesla robotaxis exceeded speed limits in active school zones, adding uncertainty to the company’s autonomous-driving rollout. Tesla Robotaxi School-Zone Investigation
• Negative Sentiment: Tesla stopped taking orders in Canada for its two least expensive China-built Model 3 variants, citing import restrictions. The move could limit access to lower-priced vehicles in an important market. Tesla Stops Canadian Model 3 Orders
• Negative Sentiment: New data suggests Cybertruck sales remain far below Elon Musk’s earlier targets, while competition from BYD, European automakers, Lucid and autonomous-driving rivals continues to challenge Tesla’s growth narrative. Cybertruck Deliveries

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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