Tesla, Inc. $TSLA Stock Acquired by Gibbs Wealth Management

Key Points

• Gibbs Wealth Management increased its Tesla position by 14.2% in the third quarter, holding 25,503 shares worth approximately $9.05 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding obligations, reducing his direct holdings by 9.12%.
• Analysts remain divided, with Tesla carrying a consensus “Hold” rating and an average price target of $408.61; the company slightly exceeded quarterly EPS estimates, but revenue was essentially flat year over year.

Gibbs Wealth Management boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,503 shares of the electric vehicle producer's stock after acquiring an additional 3,168 shares during the period. Tesla accounts for 0.9% of Gibbs Wealth Management's investment portfolio, making the stock its 22nd biggest position. Gibbs Wealth Management's holdings in Tesla were worth $9,049,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSLA. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the second quarter worth about $25,000. Friedenthal Financial lifted its position in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares during the period. Harborfront Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at approximately $34,000. Lam Group Inc. purchased a new stake in shares of Tesla in the 1st quarter worth approximately $37,000. Finally, Montgomery Financial Services LLC purchased a new position in Tesla during the second quarter valued at $40,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's 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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal 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. 19.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSLA. Jefferies Financial Group reissued a "hold" rating and set a $400.00 price target (up from $350.00) on shares of Tesla in a research report on Monday, October 12th. Mizuho boosted their price objective on shares of Tesla from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday. CLSA raised Tesla from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $310.00 to $400.00 in a report on Thursday. Morgan Stanley boosted their price target on Tesla from $400.00 to $410.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $485.00 price target on shares of Tesla in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $408.61.

Tesla Stock Down 0.6%

Shares of NASDAQ TSLA opened at $372.22 on Friday. The firm's 50-day moving average price is $364.01 and its 200-day moving average price is $377.22. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 409.04, a P/E/G ratio of 23.63 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period last year, the company earned $0.50 earnings per share. Tesla's revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

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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