Tesla, Inc. $TSLA Stake Lifted by Secure Asset Management LLC

Key Points

• Secure Asset Management increased its Tesla stake by 13.4% in the third quarter, holding 25,619 shares valued at approximately $9.09 million. Institutional investors collectively own 66.2% of Tesla’s stock.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,499 to cover tax withholding obligations, reducing his position by 9.12%; insiders still own 19.9% of the company.
• Analysts’ consensus rating is Hold, with an average price target of $415.07. Tesla trades at a highly elevated valuation, with a price-to-earnings ratio near 341, while profitability and upcoming earnings remain key risks.

Secure Asset Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,619 shares of the electric vehicle producer's stock after acquiring an additional 3,029 shares during the quarter. Tesla makes up approximately 1.1% of Secure Asset Management LLC's investment portfolio, making the stock its 21st largest position. Secure Asset Management LLC's holdings in Tesla were worth $9,090,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Tesla during the 2nd quarter valued at approximately $25,000. Friedenthal Financial lifted its stake in shares of 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 period. Harborfront Financial Group LLC purchased a new stake in Tesla during the second quarter worth $34,000. Montgomery Financial Services LLC purchased a new stake in Tesla during the second quarter worth $40,000. Finally, Lam Group Inc. purchased a new stake in Tesla during the first quarter worth $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSLA shares. Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a "hold" rating in a report on Thursday, July 23rd. Oppenheimer restated a "market perform" rating on shares of Tesla in a research note on Monday, September 21st. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a report on Friday, August 14th. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $415.07.

Tesla News Summary

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

Tesla Price Performance

Shares of NASDAQ TSLA opened at $368.06 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a fifty day moving average of $360.72 and a 200 day moving average of $377.03. The firm has a market cap of $1.45 trillion, a PE ratio of 340.80, a PEG ratio of 22.59 and a beta of 1.92. Tesla, Inc. has a one year low of $297.38 and a one year 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 (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

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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