Tesla, Inc. $TSLA Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring increased its Tesla stake by 19.9% in the third quarter, adding 68,233 shares to hold 411,475 shares worth about $145.7 million. Hedge funds and other institutions own 66.2% of Tesla’s stock.
• Tesla reported quarterly EPS of $0.48, topping estimates of $0.46, while revenue of $28.05 billion was slightly below expectations and down 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.
• Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for Cybercab robotaxis. The shift aligns with the company’s AI ambitions but highlights concerns about Cybertruck demand and the unproven prospects of the Cybercab.

Allspring Global Investments Holdings LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,475 shares of the electric vehicle producer's stock after acquiring an additional 68,233 shares during the period. Allspring Global Investments Holdings LLC's holdings in Tesla were worth $145,707,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Tesla in the second quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new position in shares of Tesla during the 2nd quarter worth approximately $6,083,630,000. Deutsche Bank AG purchased a new position in shares of Tesla during the 2nd quarter worth approximately $4,039,090,000. Canada Pension Plan Investment Board bought a new position in shares of Tesla in the 2nd quarter worth approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Tesla in the 2nd quarter worth approximately $2,995,584,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla News Roundup

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

Tesla Stock Performance

Shares of TSLA stock opened at $358.22 on Monday. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company's 50-day moving average is $372.14 and its 200 day moving average is $384.35.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion during 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 for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

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 shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Analysts Set New Price Targets

TSLA has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on Tesla in a research note on Monday, August 17th. They issued an "outperform" rating for the company. Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, October 22nd. Citigroup reiterated a "neutral" rating on shares of Tesla in a report on Wednesday, October 21st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of "Moderate Buy" and a consensus target price of $414.51.

About Tesla

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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