Tesla, Inc. $TSLA Stake Lowered by Ballew Advisors Inc

Key Points

• Ballew Advisors reduced its Tesla stake by 25.7% in the third quarter, selling 1,452 shares and retaining 4,208 shares worth approximately $1.56 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax-withholding obligations, reducing his position by 9.12%; company insiders still own 19.9% of the stock.
• Tesla shares traded near $378.73, while analysts hold a consensus “Hold” rating and an average price target of $412.01. Recent vehicle deliveries beat expectations, but energy-storage weakness, shrinking margins and the company’s elevated valuation remain concerns.

Ballew Advisors Inc cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,208 shares of the electric vehicle producer's stock after selling 1,452 shares during the quarter. Tesla makes up 0.8% of Ballew Advisors Inc's portfolio, making the stock its 26th biggest holding. Ballew Advisors Inc's holdings in Tesla were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC grew its stake 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 buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc bought a new position in Tesla during the second quarter valued at approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in Tesla in the second quarter valued at approximately $6,083,630,000. Deutsche Bank AG acquired a new stake in Tesla in the second quarter valued at approximately $4,039,090,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Tesla during the 2nd quarter worth $3,144,509,000. Institutional investors and hedge funds 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 firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was 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 trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Performance

Tesla stock traded up $8.14 during mid-day trading on Monday, reaching $378.73. The company had a trading volume of 42,102,282 shares, compared to its average volume of 51,737,199. 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 firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 350.68, a PEG ratio of 19.78 and a beta of 1.92. The company has a 50 day moving average of $348.41 and a 200-day moving average of $377.38. 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 (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $26.42 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 0.83 EPS for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla delivered approximately 487,000 vehicles in the third quarter, about 5% above consensus estimates. Deliveries increased sequentially, and the company is on pace for its first annual delivery increase since 2023. Tesla deliveries top consensus, but energy storage deployments miss estimates
• Positive Sentiment: Optimistic commentators argue that higher U.S. gasoline prices are improving electric-vehicle demand and that Tesla could continue taking share from traditional automakers. Tesla's Q3 Delivery Beat Is Just the Start
• Positive Sentiment: IMC Logistics ordered 50 Tesla Semi trucks, providing a commercial-vehicle demand catalyst and potential validation for Tesla’s electric freight strategy. Tesla Stock Lands 50-Truck Semi Deal
• Neutral Sentiment: Elon Musk confirmed discussions with Taiwan Semiconductor Manufacturing Co. about a dedicated “Terafab” chip facility serving Tesla, SpaceX and xAI. The proposal could improve access to AI computing capacity, but no firm agreement or financing details were announced. Musk confirms talks with TSMC over Terafab chip plant
• Negative Sentiment: Energy-storage deployments missed estimates, and deliveries still declined year over year, limiting the strength of the headline vehicle beat. Tesla also delivered more vehicles than it produced during the quarter, which could pressure inventory in subsequent periods. Tesla delivered more vehicles than it built in Q3
• Negative Sentiment: Analysts remain concerned that Tesla’s very high valuation leaves little room for execution mistakes, particularly as automotive margins shrink and costly AI, robotaxi and robotics initiatives have yet to generate substantial profits. HSBC raised its price target but maintained a “Reduce” rating. Wall Street analyst sets Tesla stock price
• Negative Sentiment: Autonomy remains a key risk: analyst Gary Black said Waymo is ahead of Tesla in robotaxis, while Musk acknowledged nighttime detection challenges in Tesla’s service. Tesla Robotaxi's Nighttime Problem

Analyst Ratings Changes

Several equities research analysts recently issued reports on TSLA shares. Citizens Jmp started coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. BNP Paribas Exane cut their target price on Tesla from $280.00 to $268.00 and set an "underperform" rating on the stock in a report on Thursday, September 24th. UBS Group reaffirmed a "neutral" rating on shares of Tesla in a research report on Thursday, September 24th. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, DZ Bank raised Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average target price of $412.01.

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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