Tesla, Inc. $TSLA Stock Sold by McCollum Christoferson Group LLC

Key Points

• McCollum Christoferson Group LLC reduced its Tesla stake by 2.5% in the third quarter, selling 1,411 shares and retaining 55,837 shares valued at approximately $19.8 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $412.33. Tesla’s valuation remains elevated, with a reported P/E ratio of 347.15, while its latest quarterly EPS missed estimates despite revenue exceeding expectations.
• Tesla faces competing catalysts and risks: third-quarter deliveries surpassed expectations and China-made vehicle sales grew, but concerns remain over robotaxi safety and reliability, Cybertruck demand, European competition, thin margins and the company’s high valuation.

McCollum Christoferson Group LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,837 shares of the electric vehicle producer's stock after selling 1,411 shares during the period. Tesla makes up about 2.9% of McCollum Christoferson Group LLC's portfolio, making the stock its 8th largest holding. McCollum Christoferson Group LLC's holdings in Tesla were worth $19,812,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA acquired a new position in shares of Tesla in the 2nd quarter worth approximately $25,000. Friedenthal Financial grew its stake in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Harborfront Financial Group LLC purchased a new position in shares of Tesla during the 2nd quarter valued at $34,000. Montgomery Financial Services LLC purchased a new stake in shares of Tesla during the 2nd quarter worth about $40,000. Finally, Lam Group Inc. bought a new stake in Tesla in the first quarter worth approximately $37,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Roth Capital reiterated a "buy" rating and issued a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. Piper Sandler initiated coverage on Tesla in a report on Monday, September 14th. They set an "overweight" rating on the stock. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Mizuho set a $450.00 price objective on Tesla and gave the stock an "outperform" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $412.33.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla delivered 486,532 vehicles in the third quarter, exceeding analyst expectations of roughly 462,000. The delivery beat helped support the recent rally, although volume remained below the prior year. Tesla delivery and valuation analysis
• Positive Sentiment: Jefferies raised its price target from $350 to $400, citing resilient deliveries and potential growth in Tesla’s energy, services and autonomous-driving businesses, while maintaining a Hold rating. Jefferies raises Tesla price target
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s monthly growth streak to 11 months. The Cybercab fleet also reportedly surpassed 300 vehicles in Austin, and Tesla is showcasing its robotaxi technology and Cybercab at the Paris Motor Show. Tesla China sales
• Neutral Sentiment: Third-quarter earnings are scheduled for October 21. Investors are expected to focus on automotive gross margin, profitability, capital spending and whether energy storage and services can offset pressure on the vehicle business. Tesla earnings preview
• Negative Sentiment: NHTSA is reviewing allegations that Tesla robotaxis exceeded speed limits in active school zones. The inquiry adds regulatory and safety risk to Tesla’s autonomous-driving expansion plans. Tesla robotaxi safety inquiry
• Negative Sentiment: Reports that robotaxis are restricted from nighttime operation because of concerns about striking animals, along with Elon Musk’s criticism of Waymo, highlight unresolved real-world reliability issues.
• Negative Sentiment: Analysts continue to question Tesla’s valuation—around 219 times earnings in one analysis—while weak Cybertruck demand, intense European competition and the company’s low reported margins reinforce concerns that future AI and robotics growth is already heavily priced in. Cybertruck delivery concerns

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the 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 completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Tesla Stock Down 0.8%

TSLA traded down $3.11 during trading on Tuesday, reaching $374.92. The company had a trading volume of 9,806,960 shares, compared to its average volume of 50,921,078. The business's fifty day moving average price is $356.73 and its 200 day moving average price is $377.16. The company has a market cap of $1.48 trillion, a P/E ratio of 347.15, a PEG ratio of 23.45 and a beta of 1.92. 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, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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 firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts anticipate that Tesla, Inc. will post 0.73 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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