Tesla, Inc. $TSLA Shares Sold by Journey Retirement Planning & Investment Management LLC

Key Points

• Journey Retirement Planning & Investment Management cut its Tesla stake by 18.1% in the third quarter, selling 1,670 shares and retaining 7,573 shares worth approximately $2.69 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla shares traded at $382.93, with a market capitalization of about $1.51 trillion and an exceptionally high P/E ratio of 354.40. Analysts’ average rating is “Hold,” with an average price target of $412.19.
• Investors are focused on Tesla’s improving China-made vehicle sales, European assisted-driving developments and AI-related initiatives, but upcoming earnings remain a key test amid margin pressure, heavy spending and valuation risk.

Journey Retirement Planning & Investment Management LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,573 shares of the electric vehicle producer's stock after selling 1,670 shares during the period. Tesla accounts for about 1.8% of Journey Retirement Planning & Investment Management LLC's portfolio, making the stock its 10th largest holding. Journey Retirement Planning & Investment Management LLC's holdings in Tesla were worth $2,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $25,000. Friedenthal Financial increased its holdings in 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 purchased a new stake in shares of Tesla in the 2nd quarter valued at $34,000. Montgomery Financial Services LLC acquired a new position in Tesla during the 2nd quarter worth about $40,000. Finally, Lam Group Inc. acquired a new position in Tesla in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

NASDAQ:TSLA traded up $7.93 during mid-day trading on Friday, reaching $382.93. 27,914,555 shares of the stock were exchanged, compared to its average volume of 51,231,723. The stock has a market capitalization of $1.51 trillion, a P/E ratio of 354.40, a P/E/G ratio of 20.56 and a beta of 1.92. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $354.18 and a 200-day simple moving average of $377.19. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the company earned $0.33 earnings per share. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 0.83 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European software rebrand may reduce regulatory friction: Tesla renamed “Full Self-Driving (Supervised)” to “Tesla Assisted Driving” in Europe after pressure from Germany’s transport ministry. Germany is advocating faster, Europe-wide approval, potentially expanding Tesla’s software subscriptions and strengthening the company’s autonomy narrative. EU approval is not yet guaranteed. Tesla renames Full Self-Driving to Tesla Assisted Driving in Europe
• Positive Sentiment: China-made vehicle sales improved: Tesla sold 95,366 Shanghai-made Model 3 and Model Y vehicles in September, up 5% year over year and marking an 11th consecutive month of growth. The result, together with signs of recovering European demand, supports hopes that Tesla’s global sales momentum is stabilizing. Tesla's China-made EV sales quicken in September
• Positive Sentiment: AI and commercial-vehicle catalysts remain in focus: Analysts continue to describe Tesla as a “physical AI” investment, citing robotaxis, robotics, energy storage and the Cybercab. A 50-truck Tesla Semi order from IMC Logistics and planned Megacharger sites also provide incremental validation for Tesla’s expansion beyond passenger vehicles. Tesla Semi IMC deal
• Neutral Sentiment: Upcoming earnings are the next major test: Tesla’s third-quarter deliveries exceeded expectations at 486,532 vehicles, but investors will focus on automotive margins, profitability and the impact of heavy AI-related spending when earnings are released later this month. Tesla's EV delivery beat
• Negative Sentiment: Valuation and earnings risks remain significant: Tesla trades at an exceptionally high earnings multiple, while analysts expect a double-digit third-quarter profit decline. Critics also point to rising capital expenditures, cash demands and continued pressure on automotive gross margins, leaving the stock vulnerable if AI initiatives do not generate results quickly. Tesla earnings preview

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. Roth Capital reissued a "buy" rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. Morgan Stanley reissued a "reduce" rating on shares of Tesla in a research report on Monday, September 14th. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Friday, September 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $412.19.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

About Tesla

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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