Tesla, Inc. $TSLA Stock: Generate Investment Management Ltd Grows Stake

Key Points

• Generate Investment Management Ltd doubled its Tesla stake in the third quarter, adding 20,898 shares to own 41,753 shares valued at $14.8 million. Institutional investors collectively hold 66.2% of Tesla.
• Tesla shares recently traded at $367.16, with a $1.45 trillion market capitalization and a notably elevated P/E ratio of 340. The company’s latest quarter exceeded revenue expectations but missed earnings estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $412.33; bullish catalysts include the Roadster reveal, Megacharger expansion and robotaxi growth, while valuation, capital spending and regulatory risks remain concerns.

Generate Investment Management Ltd lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 100.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,753 shares of the electric vehicle producer's stock after purchasing an additional 20,898 shares during the period. Generate Investment Management Ltd's holdings in Tesla were worth $14,814,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clear Trail Advisors LLC raised its stake in shares of Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer's stock valued at $605,000 after acquiring an additional 25 shares in the last quarter. Peirce Capital Management LLC grew its holdings in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after purchasing an additional 25 shares during the last quarter. Retirement Planning Group LLC NY raised its position in shares of Tesla by 3.8% in the first quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer's stock valued at $265,000 after purchasing an additional 26 shares during the period. Phillip James Consulting Co. raised its position in shares of Tesla by 8.7% in the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer's stock valued at $121,000 after purchasing an additional 26 shares during the period. Finally, Cadence Wealth Management LLC lifted its stake in shares of Tesla by 4.7% in the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer's stock worth $216,000 after buying an additional 26 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $8.07 during midday trading on Wednesday, reaching $367.16. 16,337,826 shares of the company's stock were exchanged, compared to its average volume of 50,785,078. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market capitalization of $1.45 trillion, a PE ratio of 340.01, a price-to-earnings-growth ratio of 23.17 and a beta of 1.92. The company's 50 day simple moving average is $357.69 and its two-hundred day simple moving average is $377.09. 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 released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Tesla, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla will livestream its long-delayed next-generation Roadster reveal on October 15. Elon Musk’s hints about possible SpaceX-powered features and “Back to the Future” references are generating investor interest and could provide a near-term sentiment catalyst. Tesla Roadster reveal nears
• Positive Sentiment: Tesla and Pilot opened their first Megacharger location for heavy-duty electric trucks, with 12 additional sites under construction. The network could support Tesla Semi adoption and expand the company’s energy and charging opportunity. Pilot and Tesla open first Megacharger site
• Positive Sentiment: Robotaxi developments remain a key bullish argument: Tesla’s Austin driverless fleet reportedly expanded eightfold in one month, while Cybercab and supervised FSD are receiving increased attention in Europe. Tesla robotaxi fleet expands in Austin
• Neutral Sentiment: Tesla reports third-quarter results on October 21. Deliveries of 486,532 vehicles exceeded estimates but declined year over year, making automotive revenue, margins, energy storage and services growth the main issues for investors. Analysts expect earnings to decline, and Zacks sees no clear combination of factors supporting an earnings beat. Tesla Q3 earnings preview
• Negative Sentiment: Investors remain concerned about Tesla’s more than $25 billion capital-spending plan, including the proposed Terafab chip facility with SpaceX and potential Intel involvement. The project could improve long-term control over AI chips, but it also raises funding, execution and distraction risks while Tesla trades at an exceptionally elevated earnings multiple. Tesla valuation and Terafab analysis
• Negative Sentiment: Fresh regulatory scrutiny of Tesla robotaxis over alleged speeding in school zones, alongside questions about weak Cybertruck demand and intense competition in affordable EVs, adds to concerns about near-term execution and brand risk. Tesla robotaxi investigation

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a report on Friday, September 25th. Guggenheim initiated coverage on Tesla in a research report on Monday, June 29th. They issued a "neutral" rating on the stock. 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 research note on Monday, September 28th. Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They set a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $412.33.

Tesla Company 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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.