Tesla, Inc. $TSLA Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,862 shares of the electric vehicle producer's stock after selling 20,233 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Tesla were worth $65,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Gryphon Financial Partners LLC raised its stake in shares of Tesla by 4.2% in the third quarter. Gryphon Financial Partners LLC now owns 15,046 shares of the electric vehicle producer's stock valued at $5,339,000 after purchasing an additional 606 shares in the last quarter. Fairscale Capital LLC lifted its holdings in shares of Tesla by 0.6% during the 3rd quarter. Fairscale Capital LLC now owns 5,626 shares of the electric vehicle producer's stock worth $1,996,000 after acquiring an additional 35 shares during the period. Vestor Capital LLC boosted its position in shares of Tesla by 119.3% during the 3rd quarter. Vestor Capital LLC now owns 1,000 shares of the electric vehicle producer's stock valued at $355,000 after acquiring an additional 544 shares in the last quarter. Kestra Investment Management LLC boosted its position in shares of Tesla by 20.0% during the 3rd quarter. Kestra Investment Management LLC now owns 12,251 shares of the electric vehicle producer's stock valued at $4,347,000 after acquiring an additional 2,042 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Tesla by 26.5% in the third quarter. Retirement Systems of Alabama now owns 1,050,729 shares of the electric vehicle producer's stock valued at $372,809,000 after acquiring an additional 219,977 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TSLA shares. Barclays raised shares of Tesla from an "outperform" rating to an "overweight" rating and increased their price target for the stock from $370.00 to $450.00 in a research report on Monday, October 26th. Mizuho lifted their price objective on Tesla from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Tesla in a research note on Monday, October 26th. They issued a "buy" rating on the stock. BMO Capital Markets assumed coverage on Tesla in a report on Monday, August 17th. They issued an "outperform" rating for the company. Finally, Robert W. Baird set a $475.00 target price on Tesla in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $414.51.

Insider Activity at Tesla

In related 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 value 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. This trade represents 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 the SEC website. 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.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $378.05 on Tuesday. The business has a fifty day moving average of $372.73 and a 200-day moving average of $384.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm has a market cap of $1.49 trillion, a PE ratio of 527.66, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 business had revenue of $28.05 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. On average, equities research analysts predict that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding robotaxi service to San Antonio, its fourth Texas market, and has enlarged the Austin service area. The rollout supports the investment case that autonomous rides could become a significant growth business. Tesla expands robotaxi service to San Antonio
• Positive Sentiment: Musk says Cybertruck orders exceed what Tesla can produce before the line is repurposed for Cybercab. Some investors may view the move as prioritizing a potentially larger robotaxi opportunity, although the production cutoff also carries risks. Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says
• Neutral Sentiment: Shares also benefited from a broader rebound in growth stocks, so the move was not solely driven by Tesla-specific developments. Tesla rises despite Cybertruck refund warning
• Negative Sentiment: Cybertruck production is expected to end around mid-2027, and Tesla says it will refund many reservation deposits it cannot fulfill. The pivot may sacrifice vehicle sales and risks disappointing customers, despite the reported backlog. Musk says Tesla must refund Cybertruck deposits
• Negative Sentiment: Tesla’s retail sales in China fell to their lowest level since July 2022, raising concerns about demand in a key market even as overall China sales reportedly increased. Tesla China sales report
• Negative Sentiment: Valuation-focused commentary warned that Tesla’s forward P/E leaves little room for execution setbacks, while political and regulatory uncertainty could weigh on growth plans. Tesla valuation warning

About Tesla

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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