Welch Group LLC Purchases 5,540 Shares of Tesla, Inc. $TSLA

Key Points

• Welch Group increased its Tesla stake by 41.1% in the third quarter, purchasing 5,540 shares to bring its holdings to 19,026 shares valued at approximately $6.75 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla reported quarterly EPS of $0.48, slightly above estimates, while revenue of $28.05 billion was essentially in line with forecasts and declined 0.2% year over year. The stock opened at $399.81, with a market capitalization of $1.58 trillion and a notably high P/E ratio of 439.36.
• The outlook remains mixed: improving European registrations and potential robotaxi growth support the bullish case, while declining U.S. market share and strong Chinese competitors such as BYD, Xiaomi and XPeng highlight competitive risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $414.51.

Welch Group LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,026 shares of the electric vehicle producer's stock after buying an additional 5,540 shares during the quarter. Welch Group LLC's holdings in Tesla were worth $6,751,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Peirce Capital Management LLC lifted its holdings in Tesla by 1.5% during 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 last quarter. Phillip James Consulting Co. raised its stake 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 purchasing an additional 26 shares in the last quarter. Cadence Wealth Management LLC boosted its holdings in shares of Tesla by 4.7% in the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer's stock worth $216,000 after purchasing an additional 26 shares in the last quarter. Crumly & Associates Inc. raised its stake in shares of Tesla by 0.6% during the second quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer's stock worth $1,976,000 after acquiring an additional 26 shares in the last quarter. Finally, Brickley Wealth Management grew its stake in shares of Tesla by 3.6% during the second quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer's stock valued at $318,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European sales showed meaningful improvement in October: Tesla registrations rose 248% year over year in Sweden, 131% in Norway and 34% in Denmark. The gains suggest Tesla may be beginning to recover from its prolonged global sales slump. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Tesla’s Cybercab and robotaxi expansion remains a major part of the bullish investment case. New or expanded operations in Texas, Nevada and other U.S. markets could create higher-margin, recurring software and mobility revenue if Tesla reaches its targeted operating cost of roughly $0.30 per paid mile. Cybercab Expansion Might Change the Case for Investing in Tesla Stock
• Neutral Sentiment: Tesla may be reconsidering a larger role for Taiwan Semiconductor Manufacturing Co. in its Texas Terafab chip project. TSMC’s manufacturing expertise could improve execution, although the report also suggests Tesla may have less direct control over a strategically important initiative. Tesla’s Terafab May Reportedly Lean on TSMC After All
• Neutral Sentiment: Reports that Tesla and SpaceX are exploring a combination continue to generate speculative upside scenarios, but the transaction would require agreement on valuation, exchange terms and shareholder approval. The potential deal is not yet a completed corporate action. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
• Negative Sentiment: Investor Gary Black says Tesla’s U.S. EV share has fallen from approximately 80% to 52% as smaller and lesser-known rivals gain ground. His call for stronger marketing highlights competitive pressure and could weigh on confidence in Tesla’s ability to justify its very high valuation. Gary Black Says Tesla Is Losing EV Share
• Negative Sentiment: BYD, Xiaomi and XPeng reported strong October sales in China, reinforcing the threat from increasingly capable local competitors. That pressure is especially important because Tesla trades at a substantial earnings premium despite modest profitability and recently declining revenue. Tesla China EV Rivals Report Strong Sales

Tesla Price Performance

TSLA opened at $399.81 on Monday. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 439.36, a PEG ratio of 24.77 and a beta of 1.74. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The business's fifty day simple moving average is $369.61 and its 200-day simple moving average is $385.81.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The firm's revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Mizuho increased their price target on shares of Tesla from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. Barclays upgraded Tesla from an "outperform" rating to an "overweight" rating and upped their price objective for the company from $370.00 to $450.00 in a research report on Monday, October 26th. Wall Street Zen downgraded Tesla from a "hold" rating to a "sell" rating in a research report on Saturday, October 24th. KeyCorp raised shares of Tesla to a "sector weight" rating in a report on Monday, September 28th. Finally, Robert W. Baird set a $475.00 price target on shares of Tesla in a research report on Monday, July 27th. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $414.51.

Insider Buying and Selling

In related 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 transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing 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. Company insiders own 20.00% of the company's stock.

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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