Tesla, Inc. $TSLA Stock Bought by Weaver Capital Management LLC

Weaver Capital Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 57.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,474 shares of the electric vehicle producer’s stock after acquiring an additional 8,224 shares during the quarter. Tesla accounts for 1.5% of Weaver Capital Management LLC’s portfolio, making the stock its 20th biggest position. Weaver Capital Management LLC’s holdings in Tesla were worth $7,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY increased its stake in Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after buying an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $1,009,000. Bessemer Group Inc. boosted its stake in shares of Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after buying an additional 10,747 shares during the last quarter. H&H International Investment LLC purchased a new position in shares of Tesla in the 1st quarter worth approximately $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock worth $15,470,000 after buying an additional 4,806 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 1.3%

TSLA opened at $362.44 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock 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, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company’s 50-day moving average price is $359.46 and its two-hundred day moving average price is $377.06.

Tesla (NASDAQ:TSLA) last released its earnings results 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was up 25.5% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 0.69 earnings per share for the current year.

Trending Headlines about Tesla

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

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSLA shares. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a report on Friday, August 14th. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. UBS Group reissued a “buy” rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research report on Wednesday, October 7th. Mizuho set a $450.00 price objective on Tesla and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $412.33.

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.