Tesla, Inc. $TSLA Stock Acquired by First Command Advisory Services Inc.

Key Points

• First Command Advisory Services increased its Tesla stake by 41.8% in the third quarter, adding 1,534 shares to hold 5,202 shares valued at about $1.85 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,500; the filing said the sale covered tax withholding on vested equity awards. He retained 25,972 shares.
• Tesla narrowly beat quarterly EPS estimates ($0.48 versus $0.46), while revenue of $28.05 billion was slightly below forecasts and fell 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.

First Command Advisory Services Inc. raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,202 shares of the electric vehicle producer's stock after purchasing an additional 1,534 shares during the period. First Command Advisory Services Inc.'s holdings in Tesla were worth $1,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peirce Capital Management LLC raised its stake in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock worth $697,000 after acquiring an additional 25 shares in the last quarter. Phillip James Consulting Co. increased its position in Tesla by 8.7% during the 1st quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer's stock worth $121,000 after purchasing an additional 26 shares in the last quarter. Cadence Wealth Management LLC increased its position in Tesla by 4.7% during the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer's stock worth $216,000 after purchasing an additional 26 shares in the last quarter. Crumly & Associates Inc. lifted its stake in Tesla by 0.6% in the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer's stock valued at $1,976,000 after purchasing an additional 26 shares during the last quarter. Finally, Brickley Wealth Management lifted its stake in Tesla by 3.6% in the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer's stock valued at $318,000 after purchasing an additional 26 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's 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 sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company's stock.

Key Headlines Impacting Tesla

Here are a few of the latest headlines about TSLA:

• Positive Sentiment: Finland approved Tesla’s supervised driver-assistance system for use on its roads. The decision could help Tesla build momentum in Europe, though broader EU approval is still pending and the system may face limitations. Reuters: Finland approves Tesla's Assisted Driving system
• Neutral Sentiment: A report said Tesla’s Texas robotaxi fleet reached 1,302 registered vehicles, surpassing Waymo in that state. Fleet growth may strengthen Tesla’s autonomous-driving ambitions, but the business’s commercial potential still depends on regulatory approval and successful service expansion. TipRanks: Tesla Robotaxi Overtakes Waymo in Texas
• Negative Sentiment: Jefferies downgraded Tesla from “strong buy” to “hold,” adding a cautious analyst signal amid concerns about the company’s outlook and valuation.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a report on Thursday, October 22nd. Cantor Fitzgerald reissued an "overweight" rating and set a $485.00 price target on shares of Tesla in a research note on Monday, October 19th. Yorkville Ives started coverage on Tesla in a report on Wednesday, October 7th. They set an "outperform" rating and a $500.00 price target on the stock. Deutsche Bank assumed coverage on Tesla in a research note on Monday, October 26th. They issued a "buy" rating for the company. Finally, Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $414.51.

Tesla Price Performance

Shares of TSLA opened at $390.82 on Thursday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 429.48, a price-to-earnings-growth ratio of 23.53 and a beta of 1.74. The business has a 50-day moving average of $373.66 and a 200-day moving average of $383.44.

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

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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