Tesla, Inc. $TSLA Shares Sold by Avior Wealth Management LLC

Key Points

• Avior Wealth Management reduced its Tesla stake by 11.1% in the third quarter, selling 3,116 shares and retaining 25,054 shares valued at approximately $8.9 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s autonomous-driving strategy is expanding, with its Austin robotaxi fleet reportedly exceeding 300 vehicles, but regulators are reviewing alleged school-zone speeding and investors remain concerned about valuation, profitability and margins.
• Wall Street’s overall rating remains “Hold”, with an average price target of $412.33. Tesla recently missed quarterly EPS estimates despite revenue of $28.24 billion, which rose 25.5% year over year.

Avior Wealth Management LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,054 shares of the electric vehicle producer's stock after selling 3,116 shares during the period. Avior Wealth Management LLC's holdings in Tesla were worth $8,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TSLA. Perpetual Ltd increased its stake in shares of Tesla by 3.0% in the third quarter. Perpetual Ltd now owns 16,350 shares of the electric vehicle producer's stock worth $5,801,000 after acquiring an additional 475 shares during the period. JGP Wealth Management LLC grew its position in Tesla by 2.6% during the 3rd quarter. JGP Wealth Management LLC now owns 4,152 shares of the electric vehicle producer's stock worth $1,473,000 after purchasing an additional 105 shares during the period. Integrated Financial Solutions Inc. grew its position in Tesla by 5.0% during the 3rd quarter. Integrated Financial Solutions Inc. now owns 2,425 shares of the electric vehicle producer's stock worth $860,000 after purchasing an additional 115 shares during the period. Marquette Asset Management LLC raised its stake in shares of Tesla by 46.1% during the 3rd quarter. Marquette Asset Management LLC now owns 225 shares of the electric vehicle producer's stock valued at $80,000 after buying an additional 71 shares during the last quarter. Finally, Gilpin Wealth Management LLC raised its stake in shares of Tesla by 1.9% during the 3rd quarter. Gilpin Wealth Management LLC now owns 2,887 shares of the electric vehicle producer's stock valued at $1,024,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Austin robotaxi fleet reportedly surpassed 300 vehicles, representing rapid expansion of its autonomous-driving business. The Cybercab is also scheduled to appear at the Paris Motor Show, supporting Tesla’s effort to build international visibility for its robotaxi strategy. Tesla Robotaxi fleet expansion article
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350 while retaining a Hold rating, citing resilient vehicle deliveries and improving non-automotive prospects. Separately, China-made vehicle sales rose 5% in September, extending Tesla’s growth streak to 11 months. Jefferies raises Tesla price target
• Neutral Sentiment: Tesla changed the European name of “Full Self-Driving (Supervised)” to “Tesla Assisted Driving” after criticism that the original branding could mislead consumers. The change may improve regulatory acceptance but also highlights limitations on the system’s autonomy. Tesla Assisted Driving Europe article
• Negative Sentiment: U.S. regulators are reviewing allegations that Tesla robotaxis exceeded speed limits in active school zones. The inquiry increases potential safety, legal and deployment risks for Tesla’s autonomous-driving ambitions. Tesla robotaxi school-zone investigation
• Negative Sentiment: Investors continue to question Tesla’s elevated valuation, falling profits and future margins despite stronger deliveries. Concerns also include weak Cybertruck demand, intensifying competition from Lucid and XPeng, and the possibility that heavy investment in robotaxis will pressure operating costs.
• Negative Sentiment: Elon Musk’s roughly $366 million in disclosed political contributions could create reputational and distraction risks for Tesla, particularly as his political activity remains closely associated with the company. Elon Musk political donations article

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction 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 approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSLA. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, July 23rd. Roth Capital reiterated a "buy" rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. KeyCorp raised Tesla to a "sector weight" rating in a report on Monday, September 28th. Truist Financial set a $370.00 price objective on Tesla and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Finally, Mizuho set a $450.00 price objective on Tesla and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $412.33.

Tesla Stock Performance

Shares of TSLA stock opened at $378.03 on Tuesday. The company has a market capitalization of $1.49 trillion, a P/E ratio of 350.03, a P/E/G ratio of 23.45 and a beta of 1.92. The business's 50 day moving average is $356.73 and its two-hundred day moving average is $377.16. 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, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. Analysts expect that Tesla, Inc. will post 0.73 EPS for the current fiscal year.

Tesla 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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