Tesla, Inc. $TSLA Stock Holdings Raised by Elevated Private Wealth LLC

Key Points

• Elevated Private Wealth LLC increased its Tesla holdings by 428.3% in the third quarter, owning 3,344 shares valued at approximately $1.19 million. Institutional investors collectively hold 66.2% of Tesla’s stock.
• Tesla shares opened at $362.44, with a market capitalization of $1.43 trillion and a highly elevated P/E ratio of 335.6. The company’s latest quarterly revenue rose 25.5% year over year to $28.24 billion, but earnings per share missed analyst expectations.
• Analyst sentiment is mixed: Tesla has a consensus rating of Hold and an average price target of $412.33. CFO Vaibhav Taneja sold shares to cover tax obligations, reducing his position by 9.12%.

Elevated Private Wealth LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 428.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,344 shares of the electric vehicle producer's stock after buying an additional 2,711 shares during the period. Elevated Private Wealth LLC's holdings in Tesla were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bamco Inc. NY raised its stake in Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC acquired a new stake in shares of Tesla during the 2nd quarter worth $1,009,000. Bessemer Group Inc. lifted its stake in shares of Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer's stock valued at $20,908,000 after purchasing an additional 10,747 shares in the last quarter. H&H International Investment LLC purchased a new stake in Tesla during the first quarter worth approximately $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Tesla by 12.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer's stock valued at $15,470,000 after acquiring an additional 4,806 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Down 1.3%

TSLA stock opened at $362.44 on Friday. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market cap of $1.43 trillion, a PE ratio of 335.60, a P/E/G ratio of 23.84 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $359.46 and a 200 day simple moving average of $377.06.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSLA. Wells Fargo & Company reiterated a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. Robert W. Baird set a $475.00 price target on Tesla in a report on Monday, July 27th. Roth Capital reissued a "buy" rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Jefferies Financial Group reissued a "hold" rating and issued a $400.00 target price (up from $350.00) on shares of Tesla in a research report on Monday. Finally, BMO Capital Markets began coverage on shares of Tesla in a research report on Monday, August 17th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $412.33.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

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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