Tesla, Inc. $TSLA Stock Acquired by UNICOM Systems Inc.

Key Points

• UNICOM Systems increased its Tesla stake by 13.8% in the third quarter, acquiring 62,000 additional shares for a total of 510,661 shares valued at approximately $181.2 million. Tesla now represents 12.6% of UNICOM’s portfolio and its largest position.
• Institutional investors collectively own 66.2% of Tesla, with State Street, Amundi, Corient Private Wealth, Legal & General and Invesco among the company’s major holders.
• Tesla’s outlook remains mixed: better-than-expected third-quarter deliveries and China sales support the stock, while high spending, a roughly 347 P/E ratio, regulatory scrutiny of robotaxis and ongoing competitive pressure pose risks. Analysts maintain a consensus “Hold” rating with a $412.33 price target.

UNICOM Systems Inc. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,661 shares of the electric vehicle producer's stock after buying an additional 62,000 shares during the quarter. Tesla accounts for about 12.6% of UNICOM Systems Inc.'s investment portfolio, making the stock its largest position. UNICOM Systems Inc.'s holdings in Tesla were worth $181,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Amundi lifted its holdings in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Legal & General Group Plc acquired a new position in Tesla in the second quarter valued at about $8,535,612,000. Finally, Invesco Ltd. grew its stake in Tesla by 14.0% during the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer's stock worth $7,636,301,000 after buying an additional 2,082,813 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s third-quarter deliveries totaled 486,532 vehicles, exceeding Wall Street’s estimate of approximately 462,000 and helping drive the recent rebound in the shares. However, deliveries remained below the prior-year period. Tesla Trades at 219x Earnings
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s growth streak in China to 11 months, supported by overseas shipments and price incentives. Tesla China EV Sales Growth
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other nonautomotive businesses, although it retained a Hold rating. Jefferies Raises Tesla Price Target
• Positive Sentiment: Tesla is expanding its Austin robotaxi fleet and showcasing the Cybercab and driver-assistance technology at the Paris Motor Show, providing potential catalysts for its autonomy strategy. Tesla Robotaxi Lands in Paris
• Neutral Sentiment: Investors are looking ahead to Tesla’s October 21 earnings report, focusing on automotive margins, profitability, capital spending and growth in energy storage and services. Tesla Q3 Earnings Preview
• Negative Sentiment: Analysts have lowered Tesla’s target as concerns grow over approximately $25 billion in planned spending and rising operating costs. The company’s very high earnings multiple also makes the stock vulnerable to weak profits or disappointing guidance. Tesla Target Lowered Over Spending
• Negative Sentiment: U.S. regulators are investigating allegations that Tesla robotaxis exceeded speed limits in active school zones, adding uncertainty to the company’s autonomous-driving rollout. Tesla Robotaxi School-Zone Investigation
• Negative Sentiment: Tesla stopped taking orders in Canada for its two least expensive China-built Model 3 variants, citing import restrictions. The move could limit access to lower-priced vehicles in an important market. Tesla Stops Canadian Model 3 Orders
• Negative Sentiment: New data suggests Cybertruck sales remain far below Elon Musk’s earlier targets, while competition from BYD, European automakers, Lucid and autonomous-driving rivals continues to challenge Tesla’s growth narrative. Cybertruck Deliveries

Analyst Ratings Changes

Several research firms have recently weighed in on TSLA. William Blair reaffirmed a "market perform" rating on shares of Tesla in a report on Thursday, July 2nd. Guggenheim initiated coverage on Tesla in a report on Monday, June 29th. They issued a "neutral" rating on the stock. TD Cowen restated a "buy" rating on shares of Tesla in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $412.33.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer 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 SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Tesla Price Performance

TSLA traded down $2.80 during midday trading on Tuesday, hitting $375.23. The company had a trading volume of 18,338,055 shares, compared to its average volume of 50,966,648. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market capitalization of $1.48 trillion, a PE ratio of 347.44, a P/E/G ratio of 23.45 and a beta of 1.92. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm's 50-day simple moving average is $357.69 and its 200-day simple moving average is $377.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The company's revenue was up 25.5% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 0.73 EPS for the current fiscal year.

Tesla Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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