Tesla, Inc. $TSLA Stake Decreased by Gold Investment Management Ltd.

Key Points

• Gold Investment Management cut its Tesla stake by 22.5% in the third quarter, selling 5,104 shares and retaining 17,552 shares valued at approximately $6.23 million.
• Institutional investors own 66.2% of Tesla, with several major firms—including State Street, Amundi and Bamco—adding to their positions.
• Tesla recently missed quarterly earnings expectations despite revenue growth, while analysts maintain a consensus “Hold” rating and an average price target of $415.07; the stock trades at a notably high valuation.

Gold Investment Management Ltd. trimmed its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,552 shares of the electric vehicle producer's stock after selling 5,104 shares during the period. Tesla comprises 1.7% of Gold Investment Management Ltd.'s investment portfolio, making the stock its 15th biggest holding. Gold Investment Management Ltd.'s holdings in Tesla were worth $6,228,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Legal & General Group Plc purchased a new stake in Tesla in the second quarter valued at approximately $8,535,612,000. Amundi raised its position in Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the period. Bank of New York Mellon Corp acquired a new position in Tesla during the second quarter worth $6,083,630,000. Finally, Bamco Inc. NY lifted its stake in Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock worth $5,267,911,000 after purchasing an additional 591,243 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $368.06 on Tuesday. The company has a fifty day simple moving average of $360.72 and a two-hundred day simple moving average of $377.03. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 340.80, a price-to-earnings-growth ratio of 22.59 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. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The firm's revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Piper Sandler assumed coverage on Tesla in a research report on Monday, September 14th. They set an "overweight" rating for the company. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Cantor Fitzgerald reissued an "overweight" rating on shares of Tesla in a research note on Monday. TD Cowen reissued a "buy" rating on shares of Tesla in a research note on Friday, August 14th. Finally, BNP Paribas Exane lowered their target price on Tesla from $280.00 to $268.00 and set an "underperform" rating for the company in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $415.07.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster enthusiasm and SpaceX speculation supported sentiment. Tesla’s thruster-powered Roadster demonstration, along with Elon Musk’s claims about future autonomy and “sentience,” generated investor interest. Commentary also revived speculation that SpaceX could acquire or merge with Tesla, although analysts stressed that such a transaction would be complex and remains unconfirmed. Tesla's Roadster Reveal Hints at 2 Much Bigger Moves
• Positive Sentiment: Florida policy comments added to the Roadster catalyst. Florida Governor Ron DeSantis said he would work to make the flying Roadster legal in the state, helping Tesla outperform smaller EV peers. The commercial opportunity remains highly uncertain because Tesla has not established pricing, production scale or regulatory approval. Tesla Rises as DeSantis Vows to Make Flying Roadster Legal in Florida
• Positive Sentiment: Shareholders will vote on board continuity. Tesla asked investors to re-elect Musk, Chair Robyn Denholm and JB Straubel at the December annual meeting. The proposal maintains the current leadership structure, which may reassure supporters of Tesla’s AI, robotaxi and robotics strategy. Tesla Asks Shareholders to Re-elect Musk, Denholm and Straubel
• Neutral Sentiment: Q3 earnings are the immediate trading event. Tesla reports after Wednesday’s close. Estimates generally call for about $27.8 billion-$27.9 billion in revenue and roughly $0.43-$0.44 in adjusted EPS, below the prior-year EPS figure. Options markets imply a potentially large post-earnings move, making margin commentary, deliveries, FSD monetization and capital spending particularly important. How Much Tesla Stock Is Expected to Move After Earnings
• Negative Sentiment: Profitability and valuation remain major risks. Analysts expect earnings to decline, with gross-margin pressure and substantial spending on AI, chips, Optimus and robotaxis potentially limiting near-term profits. At a very elevated valuation, Tesla may need to materially exceed expectations to sustain the rebound. Tesla's Biggest Earnings Risk May Be Its Bullish Sentiment
• Positive Sentiment: A federal appeals court decision reduced legal overhang. A Ninth Circuit ruling decertified a class action involving Tesla’s self-driving claims, a potentially favorable development for litigation risk, although it does not eliminate all legal or regulatory exposure. US Appeals Court Overturns Class Action Lawsuit Over Tesla Self-Driving Claims

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was 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 of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% 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.

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