Tesla, Inc. $TSLA Stock Position Reduced by Formuepleje A S

Key Points

• Formuepleje A S cut its Tesla position by 15.2% in the third quarter, selling 2,219 shares and retaining 12,417 shares valued at approximately $4.4 million.
• Institutional investors collectively own 66.2% of Tesla, with major holders including State Street, Amundi, Corient Private Wealth, Legal & General, and Invesco increasing or initiating positions.
• Tesla recently traded at $362.44, while analysts maintain a consensus “Hold” rating and an average price target of $412.33; the company’s latest quarterly EPS of $0.33 missed expectations despite revenue exceeding forecasts.

Formuepleje A S reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,417 shares of the electric vehicle producer's stock after selling 2,219 shares during the period. Formuepleje A S's holdings in Tesla were worth $4,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings 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 during the last quarter. Amundi boosted its position in shares of Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after acquiring an additional 2,727,141 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Legal & General Group Plc purchased a new position in Tesla during the second quarter worth approximately $8,535,612,000. Finally, Invesco Ltd. boosted its holdings in shares of Tesla by 14.0% in the 4th quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer's stock valued at $7,636,301,000 after purchasing an additional 2,082,813 shares during 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. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The firm has a fifty day moving average price of $359.46 and a two-hundred day moving average price of $377.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

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

Insider Buying and Selling

In other 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 value of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a report on Monday, July 27th. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Monday, September 21st. Wells Fargo & Company restated a "buy" rating on shares of Tesla in a report on Thursday, October 1st. Citigroup reaffirmed a "market perform" rating on shares of Tesla in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on Tesla from $445.00 to $415.00 and set a "neutral" rating for the company in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $412.33.

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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