Tesla, Inc. $TSLA Stock: Kelleher Financial Advisors Cuts Holdings

Key Points

• Kelleher Financial Advisors cut its Tesla stake by 59% in the third quarter, selling 6,124 shares and ending the period with 4,253 shares valued at about $1.51 million.
• Institutional investors made mixed moves: some increased or initiated positions, while institutions and hedge funds collectively own 66.2% of Tesla stock.
• Analysts’ average rating is “Moderate Buy”, with an average price target of $414.51. Tesla narrowly beat quarterly EPS estimates, but revenue was slightly below expectations and down 0.2% year over year.

Kelleher Financial Advisors lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 59.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,253 shares of the electric vehicle producer's stock after selling 6,124 shares during the period. Kelleher Financial Advisors' holdings in Tesla were worth $1,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 3Chopt Investment Partners LLC grew its holdings in shares of Tesla by 17.0% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 11,281 shares of the electric vehicle producer's stock worth $4,003,000 after purchasing an additional 1,639 shares in the last quarter. Team Financial Group LLC acquired a new position in Tesla in the third quarter valued at about $238,000. Southern Financial Group LLC raised its stake in Tesla by 30.0% in the third quarter. Southern Financial Group LLC now owns 1,130 shares of the electric vehicle producer's stock valued at $401,000 after purchasing an additional 261 shares in the last quarter. Rakuten Investment Management Inc. lifted its position in Tesla by 12.3% during the third quarter. Rakuten Investment Management Inc. now owns 674,381 shares of the electric vehicle producer's stock worth $237,949,000 after purchasing an additional 73,957 shares during the period. Finally, MFG Investments LLC bought a new stake in Tesla during the third quarter worth about $482,000. Institutional investors and hedge funds own 66.20% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its robotaxi service to Fort Worth, extending a still-early rollout beyond Austin. The move supports the autonomy growth story, though the service has not yet shown meaningful profitability. Robotaxi service expands to Fort Worth
• Positive Sentiment: Tesla’s goal of building up to one million Optimus robots in 2027 points to a potential growth opportunity in robotics, although the plan remains an execution challenge. Tesla’s Optimus production plans
• Neutral Sentiment: Tesla reported a 10.3% year-over-year increase in China-made EV sales in October, but another report noted that wholesale sales fell sequentially. The mixed signals make it unclear whether demand is strengthening. Tesla China-made EV sales
• Negative Sentiment: Democratic election victories raised investor concerns about increased oversight of AI, data centers and Musk-linked projects, as well as uncertainty around a possible Tesla–SpaceX merger. Musk’s political involvement may also bring added scrutiny. Tesla and SpaceX shares slide after election results
• Negative Sentiment: A South Korean consumer group alleged Tesla misled customers about its automated-driving technology, creating potential legal and reputational risk. South Korean consumer group allegation
• Negative Sentiment: Reports also highlighted rising spending and margin pressure: Polen Capital said Tesla detracted from its large-growth strategy, with record revenue not offsetting investor concerns about costs and profitability. Tesla weighs on Polen Capital’s strategy

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSLA shares. Roth Capital reaffirmed a "buy" rating and set a $505.00 price target on shares of Tesla in a report on Thursday, July 23rd. Glj Research reissued a "sell" rating on shares of Tesla in a research note on Thursday, October 22nd. BNP Paribas Exane upgraded shares of Tesla from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $266.00 to $420.00 in a research report on Thursday, October 22nd. Tigress Financial assumed coverage on Tesla in a research note on Thursday, October 22nd. They set a "buy" rating for the company. Finally, Citigroup reiterated a "neutral" rating on shares of Tesla in a research note on Wednesday, October 21st. One research 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $414.51.

Tesla Stock Performance

Shares of Tesla stock opened at $385.19 on Thursday. The company's 50 day moving average price is $372.12 and its two-hundred day moving average price is $385.12. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 423.29, a P/E/G ratio of 24.68 and a beta of 1.74. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week 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 announced its quarterly 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. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Tesla 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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