Tesla, Inc. $TSLA Stock: Nvwm LLC Raises Stake

Key Points

• Nvwm LLC increased its Tesla stake by 448.2% in the third quarter, purchasing 1,905 additional shares and bringing its holdings to 2,330 shares valued at approximately $827,000. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,499 to cover tax withholding related to vested equity awards, reducing his position by 9.12%; insiders still own 19.9% of the stock.
• Analyst opinions remain mixed, with Tesla carrying an average “Hold” rating and an average price target of $412.33. Shares opened at $362.44, while the company’s reported earnings missed estimates despite 25.5% year-over-year revenue growth.

Nvwm LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 448.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,330 shares of the electric vehicle producer's stock after purchasing an additional 1,905 shares during the quarter. Nvwm LLC's holdings in Tesla were worth $827,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA acquired a new stake in Tesla during the second quarter worth about $25,000. Friedenthal Financial boosted its stake in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares during the period. Harborfront Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at approximately $34,000. Lam Group Inc. bought a new position in shares of Tesla during the first quarter valued at approximately $37,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm'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 of the company's stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSLA. Cantor Fitzgerald restated an "overweight" rating on shares of Tesla in a research report on Monday, September 28th. UBS Group reaffirmed a "buy" rating and issued a $391.00 target price (up from $385.00) on shares of Tesla in a research report on Wednesday, October 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $445.00 to $415.00 and set a "neutral" rating for the company in a report on Monday, September 28th. Finally, Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $412.33.

Tesla News Summary

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 Trading Down 1.3%

Shares of TSLA stock opened at $362.44 on Friday. 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, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The stock has a fifty day moving average of $359.46 and a two-hundred day moving average of $377.06. The firm has a market capitalization of $1.43 trillion, a PE ratio of 335.60, a price-to-earnings-growth ratio of 23.84 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the business posted $0.33 earnings per share. Tesla's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 0.69 EPS for the current year.

About Tesla

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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