Tesla, Inc. $TSLA Stock Sold by Verus Capital Partners LLC

Key Points

• Verus Capital Partners cut its Tesla stake by 17.6% in the third quarter, selling 5,962 shares and retaining 28,005 shares valued at about $9.94 million.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $414.51; 28 analysts rate the stock Buy or Strong Buy, while 20 rate it Hold or Sell.
• Tesla’s latest quarterly EPS of $0.48 topped estimates of $0.46, but revenue was nearly in line with forecasts and fell 0.2% year over year. The company also plans to wind down Cybertruck production around mid-2027 to make room for Cybercab robotaxis.

Verus Capital Partners LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,005 shares of the electric vehicle producer's stock after selling 5,962 shares during the period. Verus Capital Partners LLC's holdings in Tesla were worth $9,937,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Peirce Capital Management LLC increased its holdings in shares of Tesla by 1.5% in the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer's stock valued at $697,000 after purchasing an additional 25 shares during the period. Phillip James Consulting Co. lifted its position in Tesla by 8.7% during the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer's stock valued at $121,000 after purchasing an additional 26 shares during the period. Cadence Wealth Management LLC boosted its holdings 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 purchasing an additional 26 shares during the last quarter. Crumly & Associates Inc. boosted its holdings in Tesla by 0.6% in the second quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer's stock valued at $1,976,000 after purchasing an additional 26 shares during the last quarter. Finally, Brickley Wealth Management grew its position in Tesla by 3.6% during the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer's stock worth $318,000 after purchasing an additional 26 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Roth Capital reissued a "buy" rating and issued a $505.00 price objective on shares of Tesla in a report on Thursday, July 23rd. UBS Group raised Tesla from a "neutral" rating to a "buy" rating in a report on Monday, October 26th. BMO Capital Markets initiated coverage on Tesla in a report on Monday, August 17th. They issued an "outperform" rating for the company. KeyCorp upgraded Tesla to a "sector weight" rating in a research report on Monday, September 28th. Finally, Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Saturday, October 24th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Moderate Buy" and a consensus target price of $414.51.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Tesla Trading Up 4.2%

TSLA stock opened at $358.22 on Friday. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.42 trillion, a P/E ratio of 393.65, a PEG ratio of 22.19 and a beta of 1.74. The company's 50-day simple moving average is $372.14 and its 200-day simple moving average is $384.35.

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 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 return on equity of 3.03% and a net margin of 3.11%. Tesla's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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