Tesla, Inc. $TSLA Stock Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Tesla stake by 12.3% in the third quarter, adding 73,957 shares to reach 674,381 shares valued at about $237.9 million.
• Institutional investors and hedge funds own 66.2% of Tesla. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $414.51.
• Tesla narrowly beat quarterly EPS estimates at $0.48 versus $0.46, while revenue of $28.05 billion was slightly below forecasts and down 0.2% year over year.

Rakuten Investment Management Inc. grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 674,381 shares of the electric vehicle producer's stock after acquiring an additional 73,957 shares during the quarter. Tesla comprises 0.6% of Rakuten Investment Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Rakuten Investment Management Inc.'s holdings in Tesla were worth $237,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legal & General Group Plc acquired a new stake in Tesla during the second quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new position in shares of Tesla in the 2nd quarter valued at $6,083,630,000. Deutsche Bank AG acquired a new position in shares of Tesla in the 2nd quarter valued at $4,039,090,000. Canada Pension Plan Investment Board purchased a new position in shares of Tesla in the 2nd quarter valued at $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Tesla in the 2nd quarter valued at $2,995,584,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLA shares. KeyCorp upgraded shares of Tesla to a "sector weight" rating in a research note on Monday, September 28th. Yorkville Ives initiated coverage on shares of Tesla in a research note on Wednesday, October 7th. They issued an "outperform" rating and a $500.00 price objective for the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research report on Thursday, October 22nd. Mizuho lifted their target price on Tesla from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, October 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded. October registrations rose sharply in several Northern European markets, including 248% year over year in Sweden and 131% in Norway, alongside gains in other European countries. The data may support hopes of a sales recovery. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Substantial electric-truck demand: a shipper alliance reportedly ordered 2,500 Tesla Semi trucks, a potentially meaningful commercial opportunity if deliveries and adoption follow through. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: Robotaxi expansion: Tesla’s service is set to reach Fort Worth, extending its footprint. The longer-term stock impact depends on customer uptake, operating economics and regulatory progress. Robotaxi Service Hits Fort Worth
• Negative Sentiment: China sales data were mixed, with a concerning sequential trend. China-made EV sales increased 10.3% year over year in October, but wholesale sales fell from September to their second-lowest level of 2026, raising concerns about demand and competition in a key market. Tesla's China Wholesale Sales Sink Sequentially in October
• Negative Sentiment: South Korean consumer group alleges Tesla misled customers about its automated-driving technology. The claim could bring reputational or regulatory risk; it is an allegation, not a reported finding. Tesla misled South Korean customers, consumer group alleges

Tesla Stock Down 1.3%

TSLA opened at $398.50 on Wednesday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The business has a 50 day moving average price of $371.42 and a two-hundred day moving average price of $385.39. 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 $1.58 trillion, a PE ratio of 437.92, a P/E/G ratio of 25.01 and a beta of 1.74.

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

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 corporate insiders.

About Tesla

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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