Tesla, Inc. $TSLA Stake Lessened by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak cut its Tesla stake by 78.7% in the third quarter, selling 4,562 shares and retaining 1,233 shares worth approximately $437,000.
• Institutional investors own 66.2% of Tesla, with several major firms—including State Street, Amundi, Corient, Legal & General and Invesco—recently increasing or initiating positions.
• Analyst sentiment is mixed, with Tesla carrying an average “Hold” rating and a $412.33 price target; the stock traded around $366.83 amid valuation, margin, spending and execution concerns.

Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 78.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,233 shares of the electric vehicle producer's stock after selling 4,562 shares during the quarter. Tesla makes up approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 29th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Tesla were worth $437,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after acquiring an additional 2,761,298 shares during the last quarter. Amundi grew its holdings in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $8,535,612,000. Finally, Invesco Ltd. raised its holdings in shares of Tesla by 14.0% in the 4th quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer's stock valued at $7,636,301,000 after purchasing an additional 2,082,813 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. Mizuho set a $450.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Citizens Jmp started coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. Truist Financial set a $370.00 price target on Tesla and gave the company a "hold" rating in a research note on Thursday, July 23rd. Glj Research reaffirmed a "sell" rating on shares of Tesla in a report on Friday, September 4th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Tesla in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $412.33.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster reveal returns Thursday. Tesla has rescheduled its delayed next-generation Roadster event for Oct. 15, with Elon Musk teasing possible SpaceX-powered features and “Back to the Future” references. The event could support the growth and technology narrative if Tesla provides credible production details. Tesla's Roadster event is back on for Thursday night
• Positive Sentiment: Energy and commercial charging opportunities are expanding. Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. Separately, California laws supporting virtual power plants could benefit Tesla’s energy-storage business by increasing opportunities to aggregate batteries and help stabilize the grid. Pilot and Tesla open first Megacharger site
• Neutral Sentiment: Investors are focused on the Oct. 21 earnings report. Tesla’s third-quarter deliveries exceeded analyst expectations sequentially, but remained below the prior year. Analysts expect pressure on automotive revenue and margins, while energy storage, services, robotaxi progress and capital spending will be key areas of scrutiny. Tesla to post Q3 earnings
• Negative Sentiment: High spending and execution risk are weighing on the valuation. Analysts warn that Tesla’s expected capital expenditures above $25 billion could rise further if it proceeds with the Terafab artificial-intelligence chip project. Building a semiconductor factory would require substantial expertise and years of execution, while Tesla already trades at a valuation that assumes significant success from AI, robotics and autonomy. Tesla valuation and Terafab analysis
• Negative Sentiment: Robotaxi and Roadster claims face skepticism. Reports of FAA interest in the proposed “flying Roadster,” along with investigations into alleged robotaxi speeding in school zones, add regulatory uncertainty. The concerns could undermine confidence in Tesla’s autonomy-led growth story, particularly ahead of earnings. Tesla stock and FAA scrutiny

Tesla Stock Performance

NASDAQ:TSLA traded down $8.40 during mid-day trading on Wednesday, reaching $366.83. 17,257,758 shares of the stock were exchanged, compared to its average volume of 50,789,227. The stock has a market capitalization of $1.45 trillion, a P/E ratio of 340.08, a P/E/G ratio of 23.17 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 50 day simple moving average of $357.69 and a 200-day simple moving average of $377.09. 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 (NASDAQ:TSLA - Get Free Report) last issued 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 firm had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Analysts anticipate that Tesla, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company 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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