Tesla, Inc. $TSLA Stock Holdings Cut by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its Tesla stake by 2.8% in the third quarter, selling 1,492 shares and ending with 52,516 shares valued at $18.6 million.
• Other large investors made mixed moves, with State Street and Amundi adding shares while Legal & General and Bank of New York Mellon reported new stakes. Institutional investors collectively own 66.2% of Tesla.
• Tesla slightly beat quarterly EPS estimates at $0.48, while revenue of $28.05 billion was just below forecasts and down 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.

International Assets Investment Management LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,516 shares of the electric vehicle producer's stock after selling 1,492 shares during the quarter. Tesla comprises 0.3% of International Assets Investment Management LLC's portfolio, making the stock its 19th biggest position. International Assets Investment Management LLC's holdings in Tesla were worth $18,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position 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 purchasing an additional 2,761,298 shares in the last quarter. Amundi increased its position in shares of 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 buying an additional 2,727,141 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Tesla in the 2nd quarter valued at $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in Tesla during the 2nd quarter worth $6,083,630,000. Finally, Bamco Inc. NY raised its stake in Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock worth $5,267,911,000 after buying an additional 591,243 shares during the period. 66.20% of the stock is owned by institutional investors.

Key Headlines Impacting Tesla

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

TSLA opened at $358.22 on Friday. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a P/E/G ratio of 22.19 and a beta of 1.74. The business's 50-day moving average price is $372.14 and its two-hundred day moving average price is $384.35. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on TSLA shares. Canaccord Genuity Group set a $442.00 target price on Tesla and gave the stock a "buy" rating in a report on Thursday, October 22nd. KeyCorp upgraded Tesla to a "sector weight" rating in a report on Monday, September 28th. Barclays upgraded Tesla from an "outperform" rating to an "overweight" rating and lifted their price objective for the company from $370.00 to $450.00 in a report on Monday, October 26th. Mizuho boosted their price objective on Tesla from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Finally, Oppenheimer began coverage on Tesla in a research note on Thursday, October 22nd. They set an "outperform" rating for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company'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 transaction of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company's stock.

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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