Victory Financial Group LLC Sells 1,599 Shares of Tesla, Inc. $TSLA

Key Points

• Victory Financial Group reduced its Tesla position by 9.7%, selling 1,599 shares and retaining 14,823 shares valued at approximately $5.26 million.
• Institutional investors and hedge funds own 66.2% of Tesla, while CFO Vaibhav Taneja sold 2,606 shares for about $938,499 to cover tax withholding obligations.
• Tesla recently reported quarterly EPS of $0.48, slightly above estimates, but revenue declined marginally year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $411.04.

Victory Financial Group LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,823 shares of the electric vehicle producer's stock after selling 1,599 shares during the quarter. Victory Financial Group LLC's holdings in Tesla were worth $5,259,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSLA. Legal & General Group Plc acquired a new position in shares of Tesla in the 2nd quarter valued at about $8,535,612,000. Bank of New York Mellon Corp bought a new stake in shares of Tesla during the 2nd quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new stake in shares of Tesla during the 2nd quarter valued at about $4,039,090,000. Canada Pension Plan Investment Board acquired a new stake in Tesla during the second quarter worth approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Tesla during the second quarter worth approximately $2,995,584,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Tuesday, September 8th. The stock was 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 owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

Tesla Trading Up 4.0%

TSLA opened at $407.46 on Wednesday. The company's fifty day moving average price is $366.12 and its two-hundred day moving average price is $386.42. 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 $1.61 trillion, a price-to-earnings ratio of 447.76 and a beta of 1.92.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 0.70 earnings per share for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger speculation and analyst upgrade: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450, citing the potential strategic and financial benefits of combining Tesla with SpaceX. However, the companies have not agreed to merger terms, and independent committees are still evaluating the idea. Tesla Stock Surges After Barclays Upgrade on Hopes of a SpaceX Merger
• Positive Sentiment: Robotaxi momentum: Texas DMV data shows 1,051 Tesla vehicles authorized for robotaxi use, including 544 Cybercabs. Management also says the Cybercab factory can produce vehicles faster than Tesla can deploy them, suggesting manufacturing capacity may not be the immediate constraint. Cybercabs Overtake Model Ys in Texas Robotaxi Fleet
• Positive Sentiment: Autonomy and technology catalysts: Tesla is using LFP batteries for Cybercabs, expanding supervised driving approval in Europe and promoting Full Self-Driving through a Turo rental partnership. ARK Invest reiterated a $4,400 long-term target, assigning most of its projected 2031 enterprise value to robotaxis. Tesla Moves to Future-Proof Cybercabs with LFP Battery Technology
• Positive Sentiment: Energy and per-vehicle improvements: Tesla’s Megapack systems are reportedly nearly sold out through 2027, while third-quarter per-car metrics indicated modest cost improvement and continued pricing power.
• Neutral Sentiment: Merger remains uncertain: A SpaceX-Tesla deal could improve access to chips, AI, satellite connectivity and capital, but the transaction could also leave Tesla shareholders as the junior partner and dilute their ownership. Tesla Shareholders Might Be the Junior Partner
• Negative Sentiment: Profitability and valuation risks: Tesla’s reported profit fell sharply, with operating income down 56% year over year, while heavy spending on autonomy and robotics pressures margins. Critics also note that free cash flow benefited from approximately $1.9 billion in slower supplier payments, and the stock’s valuation leaves little room for execution setbacks.
• Negative Sentiment: Product concerns: Cybertruck demand has underperformed expectations, and Tesla reportedly canceled plans to offer the vehicle in two countries, adding to concerns about the traditional automotive business.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $475.00 price objective (up from $450.00) on shares of Tesla in a research note on Thursday, October 22nd. Monness Crespi & Hardt began coverage on shares of Tesla in a research note on Monday. They set a "buy" rating on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a report on Monday, October 19th. Tigress Financial began coverage on shares of Tesla in a report on Thursday, October 22nd. They issued a "buy" rating for the company. Finally, Oppenheimer initiated coverage on shares of Tesla in a research note on Thursday, October 22nd. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $411.04.

Tesla 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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