Tesla, Inc. $TSLA Stock: Alps Advisors Inc. Cuts Holdings

Key Points

• Alps Advisors cut its Tesla stake by 7.1% in the third quarter, selling 3,669 shares and ending the period with 48,230 shares valued at about $17.1 million. Institutional investors and hedge funds collectively own 66.2% of Tesla stock.
• Tesla reported quarterly EPS of $0.48, slightly above the $0.46 analyst consensus, while revenue of $28.05 billion was roughly in line with expectations and down 0.2% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $414.51. Recent coverage also highlighted plans to shift Texas factory capacity from Cybertruck production toward Cybercab robotaxis, though Cybertruck demand and execution challenges remain concerns.

Alps Advisors Inc. trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,230 shares of the electric vehicle producer's stock after selling 3,669 shares during the quarter. Alps Advisors Inc.'s holdings in Tesla were worth $17,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC boosted its holdings in Tesla by 2.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 22,392 shares of the electric vehicle producer's stock valued at $7,945,000 after acquiring an additional 546 shares during the last quarter. Canvas Wealth Advisors LLC boosted its stake in shares of Tesla by 7.7% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 46,073 shares of the electric vehicle producer's stock valued at $16,347,000 after purchasing an additional 3,281 shares during the last quarter. Asset One Wealth Management LLC boosted its stake in shares of Tesla by 1.7% in the 3rd quarter. Asset One Wealth Management LLC now owns 9,037 shares of the electric vehicle producer's stock valued at $3,206,000 after purchasing an additional 148 shares during the last quarter. Heritage Family Offices LLP increased its position in shares of Tesla by 4.8% during the third quarter. Heritage Family Offices LLP now owns 4,246 shares of the electric vehicle producer's stock worth $1,507,000 after buying an additional 194 shares during the period. Finally, Waldron Private Wealth LLC increased its position in shares of Tesla by 7.3% during the third quarter. Waldron Private Wealth LLC now owns 6,606 shares of the electric vehicle producer's stock worth $2,344,000 after buying an additional 451 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Up 4.2%

TSLA opened at $358.22 on Friday. The company has a fifty day moving average price of $372.14 and a two-hundred day moving average price of $384.35. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a market cap of $1.42 trillion, a P/E ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business's revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. Analysts predict that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred 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 transaction, 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 filing 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. Company insiders own 20.00% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. CLSA reissued an "underperform" rating on shares of Tesla in a research note on Monday, October 26th. KeyCorp raised shares of Tesla to a "sector weight" rating in a research report on Monday, September 28th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a report on Thursday, October 22nd. TD Cowen initiated coverage on Tesla in a research report on Monday, October 26th. They issued a "hold" rating for the company. Finally, BNP Paribas Exane raised Tesla from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $266.00 to $420.00 in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.51.

Tesla Profile

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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