Tesla, Inc. $TSLA Stock: Platform Technology Partners Grows Position

Key Points

• Platform Technology Partners raised its Tesla stake by 15.4% in the third quarter, adding 3,053 shares to hold 22,854 shares valued at about $8.1 million. Institutional investors collectively own 66.2% of Tesla.
• Analysts’ average rating is “Moderate Buy”, with a consensus price target of $414.51; opinions range from one Strong Buy and 27 Buys to 16 Holds and four Sells.
• Tesla reported quarterly EPS of $0.48, topping the $0.46 estimate, while revenue of $28.05 billion was just below expectations and down 0.2% year over year.

Platform Technology Partners increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,854 shares of the electric vehicle producer's stock after buying an additional 3,053 shares during the period. Tesla comprises approximately 1.3% of Platform Technology Partners' holdings, making the stock its 19th largest holding. Platform Technology Partners' holdings in Tesla were worth $8,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $25,000. Harborfront Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at approximately $34,000. Montgomery Financial Services LLC purchased a new position in Tesla during the second quarter valued at approximately $40,000. Timbuktu Capital Management LLC purchased a new position in Tesla during the second quarter valued at approximately $42,000. Finally, Navigoe LLC bought a new position in Tesla in the second quarter worth approximately $45,000. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TSLA. TD Cowen initiated coverage on Tesla in a research report on Monday, October 26th. They set a "hold" rating on the stock. Citizens Jmp started coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. BMO Capital Markets assumed coverage on Tesla in a research report on Monday, August 17th. They issued an "outperform" rating for the company. Wells Fargo & Company restated a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla Price Performance

Shares of TSLA stock opened at $343.69 on Friday. 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 quick ratio of 1.39 and a current ratio of 1.74. The firm has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 377.69, a PEG ratio of 23.86 and a beta of 1.74. The stock's 50-day simple moving average is $372.07 and its 200-day simple moving average is $384.65.

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

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
• Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
• Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
• Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
• Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value 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 approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.

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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