Tesla, Inc. $TSLA Stock: Weaver Capital Management LLC Boosts Stake

Key Points

• Weaver Capital Management increased its Tesla stake by 57.7% in the third quarter, reaching 22,474 shares valued at approximately $7.97 million. Tesla now represents about 1.5% of the firm’s portfolio.
• Institutional investors collectively own 66.2% of Tesla’s outstanding stock, with several major firms recently establishing or significantly expanding positions.
• Analyst sentiment is mixed: Tesla has a consensus rating of “Hold” and an average price target of $412.33. The company exceeded revenue expectations but missed quarterly EPS estimates, reporting $28.24 billion in revenue and $0.33 EPS.

Weaver Capital Management LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 57.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,474 shares of the electric vehicle producer's stock after buying an additional 8,224 shares during the period. Tesla comprises approximately 1.5% of Weaver Capital Management LLC's portfolio, making the stock its 20th largest position. Weaver Capital Management LLC's holdings in Tesla were worth $7,974,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Corient Private Wealth LLC boosted 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 acquiring an additional 20,810,386 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Tesla during the second quarter valued at about $8,535,612,000. Bank of New York Mellon Corp acquired a new position in shares of Tesla during the second quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new position in shares of Tesla during the 2nd quarter worth about $4,039,090,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Tesla during the 2nd quarter worth about $3,144,509,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen restated a "buy" rating on shares of Tesla in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, July 21st. KeyCorp upgraded Tesla to a "sector weight" rating in a report on Monday, September 28th. Finally, UBS Group reissued a "buy" rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $412.33.

Tesla Stock Performance

TSLA opened at $362.44 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company's fifty day moving average price is $359.46 and its two-hundred day moving average price is $377.06. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm'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. On average, analysts expect that Tesla, Inc. will post 0.69 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's 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 sale, the chief financial officer directly owned 25,972 shares of the company's stock, 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 legal filing with the SEC, which is available at 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.

Tesla News Summary

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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