Tesla, Inc. $TSLA Stock Sold by Legacy Wealth Management LLC MS

Key Points

• Legacy Wealth Management LLC MS cut its Tesla stake by 69.2% in the third quarter, selling 2,044 shares and retaining 910 shares valued at approximately $323,000. Institutional investors still own 66.2% of Tesla.
• Tesla reported quarterly EPS of $0.48, beating estimates of $0.46, while revenue of $28.05 billion was roughly in line with forecasts and declined slightly year over year.
• Shares opened at $403.82, with analysts maintaining a mixed outlook: Tesla has a “Moderate Buy” consensus and a $414.51 average price target, but faces high valuation, intensifying competition in China and declining market-share concerns.

Legacy Wealth Management LLC MS lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 69.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 910 shares of the electric vehicle producer's stock after selling 2,044 shares during the quarter. Legacy Wealth Management LLC MS's holdings in Tesla were worth $323,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSLA. Peirce Capital Management LLC lifted its holdings in shares of Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock worth $697,000 after purchasing an additional 25 shares during the period. Phillip James Consulting Co. boosted its position in Tesla by 8.7% in the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer's stock valued at $121,000 after buying an additional 26 shares during the last quarter. Cadence Wealth Management LLC boosted its position in Tesla by 4.7% in the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer's stock valued at $216,000 after buying an additional 26 shares during the last quarter. Crumly & Associates Inc. increased its holdings in Tesla by 0.6% in the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer's stock worth $1,976,000 after buying an additional 26 shares during the period. Finally, Brickley Wealth Management increased its holdings in Tesla by 3.6% in the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer's stock worth $318,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ:TSLA opened at $403.82 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The company has a 50 day moving average price of $370.43 and a 200-day moving average price of $385.59. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 443.76, a price-to-earnings-growth ratio of 25.04 and a beta of 1.92.

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 analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded sharply. October registrations rose 248% year over year in Sweden, 131% in Norway, 34% in Denmark, 186.1% in Portugal and 94% in Italy. The data suggest Tesla’s sales decline in Europe may be stabilizing, although comparisons may benefit from a weak prior-year period. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Robotaxi expansion strengthened Tesla’s long-term growth narrative. Tesla’s Texas robotaxi fleet reportedly reached 1,244 vehicles, nearly matching Waymo, while planned expansion into additional cities and Nevada approvals could increase recurring, software-related revenue. Analysts also highlighted Tesla’s potential cost advantage over Waymo vehicles. Tesla's 128% Robotaxi Surge Puts It Just 15 Cars Behind Waymo
• Positive Sentiment: Commercial vehicle demand provided another potential catalyst. A shipper alliance placed an order for 2,500 Tesla Semi trucks, potentially improving production scale and validating Tesla’s position in electric freight. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: SpaceX merger speculation remained a major valuation wildcard. Analysts modeled potential reactions to an all-stock combination, while investor Gary Black warned that large, complex transactions can pressure the acquiring company’s shares. Any deal could add exposure to SpaceX’s growth but also create dilution, governance and execution risks. Analyst models potential market reaction to a SpaceX-Tesla all-stock merger
• Negative Sentiment: China competition continued to worsen. BYD, Xiaomi and XPeng reported strong October sales, while Tesla is relying more heavily on Shanghai exports. This raises concerns about pricing pressure, local market share and Tesla’s ability to sustain growth in its most important production hub. Tesla's China Problem Gets Harder to Ignore
• Negative Sentiment: Valuation and market-share risks remain substantial. Investor Gary Black said Tesla’s U.S. EV share has fallen sharply and called for better marketing. With Tesla trading at an exceptionally high earnings multiple, further share losses or delays in autonomy monetization could weigh on the stock. Gary Black warns Tesla needs better marketing

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSLA. CLSA reissued an "underperform" rating on shares of Tesla in a research report on Monday, October 26th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Tesla in a report on Thursday, October 1st. Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $415.00 to $430.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Finally, BNP Paribas Exane raised shares of Tesla from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $266.00 to $420.00 in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.51.

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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