Tesla, Inc. $TSLA Stock Acquired by Brooklyn FI LLC

Key Points

• Brooklyn FI LLC increased its Tesla stake 172.4% in the third quarter, buying 1,417 additional shares to hold 2,239 shares valued at about $862,000.
• Tesla reported quarterly EPS of $0.48, topping the $0.46 consensus, while revenue of $28.05 billion was slightly below estimates and down 0.2% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51; Tesla shares opened at $379.78.

Brooklyn FI LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 172.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,239 shares of the electric vehicle producer's stock after purchasing an additional 1,417 shares during the period. Brooklyn FI LLC's holdings in Tesla were worth $862,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA purchased a new stake in Tesla during the 2nd quarter valued at approximately $25,000. Harborfront Financial Group LLC bought a new stake in shares of Tesla during the second quarter valued at approximately $34,000. Montgomery Financial Services LLC purchased a new position in shares of Tesla in the second quarter worth $40,000. Timbuktu Capital Management LLC purchased a new position in shares of Tesla in the second quarter worth $42,000. Finally, Navigoe LLC bought a new position in shares of Tesla during the second quarter worth $45,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Tesla stock opened at $379.78 on Wednesday. The company's 50-day moving average price is $372.97 and its 200-day moving average price is $383.73. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.50 trillion, a PE ratio of 517.88, a price-to-earnings-growth ratio of 23.42 and a beta of 1.74.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed 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. 20.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays upgraded shares of Tesla from an "outperform" rating to an "overweight" rating and lifted their price target for the company from $370.00 to $450.00 in a report on Monday, October 26th. 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. Roth Capital restated a "buy" rating and set a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Monness Crespi & Hardt assumed coverage on Tesla in a research report on Monday, October 26th. They set a "buy" rating for the company. Finally, Canaccord Genuity Group set a $442.00 target price on Tesla and gave the stock a "buy" rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding its robotaxi service to San Antonio, adding another Texas market as it seeks to build a business beyond vehicle sales. Tesla expands robotaxi service to San Antonio
• Positive Sentiment: A report said Tesla attracted $96.8 million in ETF capital, which may provide some support for shares, although ETF flows do not necessarily reflect a change in the company’s fundamentals. Tesla pulls in ETF capital
• Neutral Sentiment: Tesla has started work on a proposed $10 billion solar factory near Houston, a potentially significant expansion into solar manufacturing, but one that also entails substantial investment and execution risk. Tesla's Project Crystal Sun
• Neutral Sentiment: A hedge fund has urged Tesla and SpaceX to combine, but this is an outside proposal—not confirmation that a merger will happen. Any potential effect on Tesla shareholders remains uncertain. Sargasso Capital Management's Project Kepler
• Negative Sentiment: Tesla’s October retail sales in China reportedly fell to their lowest level since 2022, raising concerns about demand in a key market and the company’s year-end sales targets. Tesla's China sales hit lowest since 2022
• Negative Sentiment: Elon Musk says Cybertruck production is expected to end in about eight months so capacity can be redirected to Cybercab, with many reservation holders due refunds. The pivot may advance Tesla’s autonomy ambitions, but it also highlights the uncertainty around Cybertruck production and customer orders. Tesla Cybertruck is EV pickup market's latest casualty
• Negative Sentiment: A Tesla shareholder warned that political and regulatory opposition could hinder autonomous-vehicle deployment, putting a central part of the company’s growth narrative at risk. Autonomy faces potential political risk

About Tesla

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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