Tesla, Inc. $TSLA Stock: Commonwealth Equity Services LLC Grows Stake

Key Points

• Commonwealth Equity Services increased its Tesla stake by 2.9% in the third quarter, adding 22,946 shares to hold 810,706 shares valued at about $287.6 million. Institutional investors and hedge funds own 66.2% of Tesla’s stock.
• Analyst sentiment is broadly positive: Tesla has a “Moderate Buy” consensus rating and an average price target of $414.51, though ratings range from Strong Buy to Sell.
• Tesla shares opened at $343.69, down 10.8% as reported. The latest quarter beat earnings-per-share estimates but slightly missed revenue forecasts, with revenue down 0.2% year over year.

Commonwealth Equity Services LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 810,706 shares of the electric vehicle producer's stock after purchasing an additional 22,946 shares during the period. Commonwealth Equity Services LLC's holdings in Tesla were worth $287,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Dimensions Group Ltd. boosted its position in shares of Tesla by 6.1% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 3,730 shares of the electric vehicle producer's stock valued at $1,323,000 after purchasing an additional 215 shares during the period. Collaborative Fund Advisors LLC increased its stake in Tesla by 12.6% in the 3rd quarter. Collaborative Fund Advisors LLC now owns 3,605 shares of the electric vehicle producer's stock worth $1,279,000 after purchasing an additional 404 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Tesla by 1.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 187,822 shares of the electric vehicle producer's stock worth $66,641,000 after buying an additional 3,591 shares during the period. Bfsg LLC raised its holdings in Tesla by 1.6% during the 3rd quarter. Bfsg LLC now owns 11,994 shares of the electric vehicle producer's stock worth $4,256,000 after buying an additional 191 shares during the period. Finally, Sageworth Trust Co lifted its stake in Tesla by 6.1% during the third quarter. Sageworth Trust Co now owns 13,977 shares of the electric vehicle producer's stock valued at $4,959,000 after buying an additional 801 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSLA. CLSA reiterated an "underperform" rating on shares of Tesla in a report on Monday, October 26th. TD Cowen initiated coverage on shares of Tesla in a research report on Monday, October 26th. They issued a "hold" rating on the stock. Morgan Stanley upgraded shares of Tesla from a "reduce" rating to an "overweight" rating in a report on Monday, October 26th. Stifel Nicolaus set a $475.00 price target on shares of Tesla in a research report on Thursday, October 22nd. Finally, BNP Paribas Exane upgraded shares of Tesla from an "underperform" rating to a "neutral" rating and upped their price target for the company from $266.00 to $420.00 in a research report 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 given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $414.51.

Tesla Stock Down 10.8%

NASDAQ:TSLA opened at $343.69 on Friday. The business's fifty day moving average price is $372.07 and its 200 day moving average price is $384.65. The firm has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 377.69, a PEG ratio of 23.86 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, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period last year, the company posted $0.50 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
• Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
• Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
• Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
• Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed 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 owned by company insiders.

Tesla Company Profile

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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