Tesla, Inc. $TSLA Stock Bought by Patriot Investment Management Group Inc.

Key Points

• Patriot Investment Management Group increased its Tesla stake by 694.8% in the third quarter, buying 28,586 additional shares for a total of 32,700 shares valued at approximately $11.6 million.
• Other major institutions, including State Street, Corient Private Wealth, Amundi and Invesco, also increased or initiated Tesla positions; institutional investors collectively own 66.2% of the company.
• Tesla shares recently traded at $354.72, while the stock carries a high valuation of roughly $1.4 trillion and a P/E ratio above 328. Analysts maintain a consensus “Hold” rating with an average price target of $412.33, amid concerns over margins, earnings and free cash flow.

Patriot Investment Management Group Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 694.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,700 shares of the electric vehicle producer's stock after buying an additional 28,586 shares during the quarter. Tesla accounts for 0.7% of Patriot Investment Management Group Inc.'s investment portfolio, making the stock its 25th largest holding. Patriot Investment Management Group Inc.'s holdings in Tesla were worth $11,602,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after acquiring an additional 2,761,298 shares during the period. Corient Private Wealth LLC lifted its position in 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 valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Legal & General Group Plc acquired a new stake in Tesla in the second quarter valued at about $8,535,612,000. Amundi boosted its holdings in Tesla by 14.0% in 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in Tesla by 14.0% in 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 purchasing an additional 2,082,813 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Tesla Price Performance

TSLA traded down $7.72 on Friday, hitting $354.72. 61,828,226 shares of the company were exchanged, compared to its average volume of 33,965,432. 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 business's fifty day moving average is $359.98 and its 200 day moving average is $376.90. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 328.45, a price-to-earnings-growth ratio of 23.53 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. Tesla's revenue was up 25.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TSLA shares. Morgan Stanley reiterated a "reduce" rating on shares of Tesla in a research report on Monday, September 14th. HSBC reissued a "reduce" rating and issued a $157.00 price target on shares of Tesla in a report on Monday, October 5th. Piper Sandler started coverage on Tesla in a research note on Monday, September 14th. They issued an "overweight" rating on the stock. Mizuho set a $450.00 price target on Tesla and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Tesla from $445.00 to $415.00 and set a "neutral" rating on the stock in a report on Monday, September 28th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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 stock was 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 trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 currently owned by corporate insiders.

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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