Tesla, Inc. $TSLA Stake Lowered by Moss Adams Wealth Advisors LLC

Key Points

• Moss Adams Wealth Advisors reduced its Tesla stake by 16.9% in the third quarter, selling 1,735 shares and retaining 8,520 shares valued at approximately $3.02 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s latest quarter showed mixed results: earnings per share of $0.48 beat estimates, but revenue fell 0.2% year over year to $28.05 billion and net margin was 3.11%. CFO Vaibhav Taneja also sold shares to cover tax obligations.
• The stock carries a “Moderate Buy” consensus with an average analyst price target of $414.51, while investors weigh potential growth from robotaxis, AI and robotics against high valuation, rising costs and increasing competition.

Moss Adams Wealth Advisors LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,520 shares of the electric vehicle producer's stock after selling 1,735 shares during the quarter. Moss Adams Wealth Advisors LLC's holdings in Tesla were worth $3,023,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legal & General Group Plc bought a new position in Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new position in shares of Tesla during the second quarter valued at $6,083,630,000. Deutsche Bank AG bought a new position in Tesla in the 2nd quarter worth about $4,039,090,000. Canada Pension Plan Investment Board bought a new position in Tesla in the 2nd quarter worth approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Tesla in the second quarter worth $2,995,584,000. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
• Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
• Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla's Free Cash Flow Beat
• Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
• Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
• Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars

Tesla Stock Down 0.9%

TSLA opened at $399.81 on Friday. The company has a market capitalization of $1.58 trillion, a PE ratio of 439.36, a price-to-earnings-growth ratio of 24.77 and a beta of 1.92. The business has a 50-day moving average of $369.61 and a 200-day moving average of $385.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSLA shares. Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. Yorkville Ives assumed coverage on Tesla in a research note on Wednesday, October 7th. They set an "outperform" rating and a $500.00 target price for the company. TD Cowen assumed coverage on Tesla in a report on Monday, October 26th. They set a "hold" rating on the stock. Wells Fargo & Company restated a "buy" rating on shares of Tesla in a research report on Thursday, October 1st. Finally, Monness Crespi & Hardt initiated coverage on Tesla in a report on Monday, October 26th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $414.51.

Tesla Company 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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