Tesla, Inc. $TSLA Shares Sold by Garde Capital Inc.

Key Points

• Garde Capital cut its Tesla position by 15.6% in the third quarter, selling 2,383 shares and retaining 12,856 shares valued at approximately $4.56 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla shares opened at $403.82 and were trading about 1% higher, while the company reported quarterly EPS of $0.48, slightly above estimates, on revenue of $28.05 billion. Despite a “Moderate Buy” consensus, Tesla’s valuation remains elevated at roughly 444 times earnings.
• Positive catalysts include a rebound in European registrations, robotaxi expansion and a potential order for 2,500 Tesla Semi trucks, but intensifying Chinese competition, declining market share and valuation risks remain significant concerns.

Garde Capital Inc. reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,856 shares of the electric vehicle producer's stock after selling 2,383 shares during the period. Garde Capital Inc.'s holdings in Tesla were worth $4,561,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Gerber Kawasaki Wealth & Investment Management raised its position in Tesla by 2.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 286,898 shares of the electric vehicle producer's stock valued at $101,794,000 after buying an additional 6,901 shares during the last quarter. Torren Management LLC lifted its stake in Tesla by 924.5% during the 3rd quarter. Torren Management LLC now owns 502 shares of the electric vehicle producer's stock valued at $178,000 after acquiring an additional 453 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Tesla by 2.4% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 13,695 shares of the electric vehicle producer's stock worth $4,859,000 after acquiring an additional 315 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in Tesla by 1.9% during the 3rd quarter. Signature Equity Partners LLC now owns 8,135 shares of the electric vehicle producer's stock worth $2,886,000 after acquiring an additional 155 shares during the last quarter. Finally, Summit Wealth Group LLC Co. grew its stake in shares of Tesla by 4.2% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 9,791 shares of the electric vehicle producer's stock worth $3,474,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded sharply. October registrations rose 248% year over year in Sweden, 131% in Norway, 34% in Denmark, 186.1% in Portugal and 94% in Italy. The data suggest Tesla’s sales decline in Europe may be stabilizing, although comparisons may benefit from a weak prior-year period. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Robotaxi expansion strengthened Tesla’s long-term growth narrative. Tesla’s Texas robotaxi fleet reportedly reached 1,244 vehicles, nearly matching Waymo, while planned expansion into additional cities and Nevada approvals could increase recurring, software-related revenue. Analysts also highlighted Tesla’s potential cost advantage over Waymo vehicles. Tesla's 128% Robotaxi Surge Puts It Just 15 Cars Behind Waymo
• Positive Sentiment: Commercial vehicle demand provided another potential catalyst. A shipper alliance placed an order for 2,500 Tesla Semi trucks, potentially improving production scale and validating Tesla’s position in electric freight. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: SpaceX merger speculation remained a major valuation wildcard. Analysts modeled potential reactions to an all-stock combination, while investor Gary Black warned that large, complex transactions can pressure the acquiring company’s shares. Any deal could add exposure to SpaceX’s growth but also create dilution, governance and execution risks. Analyst models potential market reaction to a SpaceX-Tesla all-stock merger
• Negative Sentiment: China competition continued to worsen. BYD, Xiaomi and XPeng reported strong October sales, while Tesla is relying more heavily on Shanghai exports. This raises concerns about pricing pressure, local market share and Tesla’s ability to sustain growth in its most important production hub. Tesla's China Problem Gets Harder to Ignore
• Negative Sentiment: Valuation and market-share risks remain substantial. Investor Gary Black said Tesla’s U.S. EV share has fallen sharply and called for better marketing. With Tesla trading at an exceptionally high earnings multiple, further share losses or delays in autonomy monetization could weigh on the stock. Gary Black warns Tesla needs better marketing

Tesla Trading Up 1.0%

Shares of Tesla stock opened at $403.82 on Tuesday. The firm has a market cap of $1.60 trillion, a PE ratio of 443.76, a P/E/G ratio of 25.04 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 company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The stock has a fifty day moving average price of $370.43 and a 200-day moving average price of $385.59.

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 for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The company 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 period in the previous year, the firm earned $0.50 EPS. Equities research analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSLA. DZ Bank upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. CLSA reaffirmed an "underperform" rating on shares of Tesla in a research report on Monday, October 26th. BMO Capital Markets assumed coverage on shares of Tesla in a research note on Monday, August 17th. They issued an "outperform" rating for the company. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, October 22nd. Finally, HSBC reissued a "reduce" rating and set a $157.00 target price on shares of Tesla in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $414.51.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 insiders.

Tesla 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.