Tesla, Inc. $TSLA Stock Sold by Generali Investments Management Co LLC

Key Points

• Generali Investments Management cut its Tesla stake by 16.1% in the third quarter, selling 6,268 shares and retaining 32,546 shares valued at approximately $11.5 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax withholding obligations tied to vested equity awards; insiders retain a 19.9% ownership stake.
• Tesla trades near $355 with a roughly $1.4 trillion market capitalization and a very high P/E ratio of 328. The stock has a consensus “Hold” rating with a $412.33 target, while analysts remain focused on margin and cash-flow pressure ahead of upcoming earnings.

Generali Investments Management Co LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,546 shares of the electric vehicle producer's stock after selling 6,268 shares during the quarter. Tesla comprises about 2.2% of Generali Investments Management Co LLC's holdings, making the stock its 10th largest position. Generali Investments Management Co LLC's holdings in Tesla were worth $11,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Amundi lifted its holdings in shares of Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the period. Legal & General Group Plc purchased a new position in Tesla in the 2nd quarter valued at $8,535,612,000. Bank of New York Mellon Corp acquired a new position in Tesla in the 2nd quarter valued at $6,083,630,000. Finally, Bamco Inc. NY increased 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 buying an additional 591,243 shares during the period. 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 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 directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company's stock.

Tesla Stock Performance

Shares of TSLA opened at $354.72 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a 50-day simple moving average of $359.98 and a 200-day simple moving average of $377.05. The company has a market capitalization of $1.40 trillion, a PE ratio of 328.45, a P/E/G ratio of 22.59 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Equities research analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Analyst Ratings Changes

Several research firms have recently commented on TSLA. HSBC restated a "reduce" rating and issued a $157.00 target price on shares of Tesla in a research note on Monday, October 5th. Piper Sandler assumed coverage on shares of Tesla in a report on Monday, September 14th. They set an "overweight" rating for the company. Barclays raised their price objective on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price objective on Tesla from $445.00 to $415.00 and set a "neutral" rating on the stock in a report on Monday, September 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Tesla in a research report on Monday, September 28th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $412.33.

Tesla Company 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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