Tesla, Inc. $TSLA Stock Bought by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. increased its Tesla position by 13,082.7% in the third quarter, purchasing 204,745 additional shares and ending with 206,310 shares valued at approximately $73.2 million.
• Institutional investors own 66.2% of Tesla, with major holders including State Street, Amundi, Corient Private Wealth, Legal & General and Invesco.
• Tesla shares recently traded near $380.68, while analysts maintained a mixed outlook: the average rating was “Hold” with a $412.01 target, reflecting optimism over strong deliveries but concerns about valuation, margins and execution risks.

Congress Asset Management Co. lifted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13,082.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,310 shares of the electric vehicle producer's stock after purchasing an additional 204,745 shares during the quarter. Congress Asset Management Co.'s holdings in Tesla were worth $73,201,000 at the end of the most recent quarter.

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

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla delivered approximately 486,500–487,000 vehicles in the third quarter, beating consensus estimates by about 25,000 vehicles and potentially marking a rebound after two years of declining annual deliveries. Higher gasoline prices and price reductions may have supported demand. Tesla and Lucid delivery report
• Positive Sentiment: Some analysts see the delivery beat as an early sign of improving automotive momentum, with longer-term upside tied to Full Self-Driving, robotaxis, artificial intelligence and Optimus humanoid robots. Tesla delivery beat and 2027 outlook
• Positive Sentiment: Tesla plans to display its Cybercab robotaxi at the Paris Motor Show, giving the company a high-profile opportunity to promote its autonomous-driving ambitions in Europe. Reports of discussions with TSMC regarding a dedicated AI-chip “Terafab” also support the long-term technology narrative, although the plans remain preliminary. Tesla Cybercab Paris display
• Neutral Sentiment: Lower oil prices and Treasury yields helped lift the broader S&P 500 and technology stocks, providing a supportive market backdrop for TSLA. Stock market update
• Negative Sentiment: The delivery beat was mixed: third-quarter deliveries were still down year over year, while energy-storage deployments reportedly missed expectations. UBS maintained its existing view, and Goldman Sachs remains cautious ahead of Tesla’s October 21 earnings report.
• Negative Sentiment: Analysts warn that Tesla’s very high valuation leaves limited room for execution mistakes. Elevated spending on AI, robotaxis and other platforms could restrain margins and cash flow, while early robotaxi operations—including limited nighttime availability—highlight continuing commercialization and safety risks. Goldman Sachs Tesla outlook

Tesla Trading Up 0.5%

TSLA stock traded up $1.95 on Tuesday, reaching $380.68. The company's stock had a trading volume of 27,651,862 shares, compared to its average volume of 51,611,656. The firm has a market cap of $1.50 trillion, a PE ratio of 352.48, a PEG ratio of 19.78 and a beta of 1.92. The business has a fifty day simple moving average of $351.27 and a two-hundred day simple moving average of $377.15. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company posted $0.33 earnings per share. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on TSLA. BMO Capital Markets assumed coverage on Tesla in a research note on Monday, August 17th. They issued an "outperform" rating on the stock. BNP Paribas Exane cut their target price on shares of Tesla from $280.00 to $268.00 and set an "underperform" rating on the stock in a report on Thursday, September 24th. UBS Group reaffirmed a "neutral" rating on shares of Tesla in a research note on Thursday, September 24th. Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a report on Friday, September 25th. Finally, KeyCorp raised shares of Tesla to a "sector weight" rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $412.01.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 completion of the transaction, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.

About Tesla

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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