Tesla, Inc. $TSLA Stock Bought by Secure Asset Management LLC

Secure Asset Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,619 shares of the electric vehicle producer’s stock after purchasing an additional 3,029 shares during the period. Tesla makes up approximately 1.1% of Secure Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Secure Asset Management LLC’s holdings in Tesla were worth $9,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Peirce Capital Management LLC grew its position in Tesla by 8.4% in the 3rd quarter. Peirce Capital Management LLC now owns 1,796 shares of the electric vehicle producer’s stock valued at $637,000 after acquiring an additional 139 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its stake in Tesla by 0.7% during the third quarter. Blue Zone Wealth Advisors LLC now owns 12,183 shares of the electric vehicle producer’s stock worth $4,323,000 after purchasing an additional 83 shares during the period. Sitrin Capital Management LLC lifted its position in shares of Tesla by 3.2% during the third quarter. Sitrin Capital Management LLC now owns 1,909 shares of the electric vehicle producer’s stock worth $677,000 after purchasing an additional 60 shares in the last quarter. Maia Wealth LLC lifted its position in shares of Tesla by 18.5% during the third quarter. Maia Wealth LLC now owns 11,215 shares of the electric vehicle producer’s stock worth $3,979,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Sterling Investment Counsel LLC boosted its stake in shares of Tesla by 4.0% in the third quarter. Sterling Investment Counsel LLC now owns 2,383 shares of the electric vehicle producer’s stock valued at $846,000 after purchasing an additional 91 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster enthusiasm and SpaceX speculation supported sentiment. Tesla’s thruster-powered Roadster demonstration, along with Elon Musk’s claims about future autonomy and “sentience,” generated investor interest. Commentary also revived speculation that SpaceX could acquire or merge with Tesla, although analysts stressed that such a transaction would be complex and remains unconfirmed. Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
• Positive Sentiment: Florida policy comments added to the Roadster catalyst. Florida Governor Ron DeSantis said he would work to make the flying Roadster legal in the state, helping Tesla outperform smaller EV peers. The commercial opportunity remains highly uncertain because Tesla has not established pricing, production scale or regulatory approval. Tesla Rises as DeSantis Vows to Make Flying Roadster Legal in Florida
• Positive Sentiment: Shareholders will vote on board continuity. Tesla asked investors to re-elect Musk, Chair Robyn Denholm and JB Straubel at the December annual meeting. The proposal maintains the current leadership structure, which may reassure supporters of Tesla’s AI, robotaxi and robotics strategy. Tesla Asks Shareholders to Re-elect Musk, Denholm and Straubel
• Neutral Sentiment: Q3 earnings are the immediate trading event. Tesla reports after Wednesday’s close. Estimates generally call for about $27.8 billion-$27.9 billion in revenue and roughly $0.43-$0.44 in adjusted EPS, below the prior-year EPS figure. Options markets imply a potentially large post-earnings move, making margin commentary, deliveries, FSD monetization and capital spending particularly important. How Much Tesla Stock Is Expected to Move After Earnings
• Negative Sentiment: Profitability and valuation remain major risks. Analysts expect earnings to decline, with gross-margin pressure and substantial spending on AI, chips, Optimus and robotaxis potentially limiting near-term profits. At a very elevated valuation, Tesla may need to materially exceed expectations to sustain the rebound. Tesla’s Biggest Earnings Risk May Be Its Bullish Sentiment
• Positive Sentiment: A federal appeals court decision reduced legal overhang. A Ninth Circuit ruling decertified a class action involving Tesla’s self-driving claims, a potentially favorable development for litigation risk, although it does not eliminate all legal or regulatory exposure. US Appeals Court Overturns Class Action Lawsuit Over Tesla Self-Driving Claims

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSLA. Jefferies Financial Group restated a “hold” rating and issued a $400.00 price objective (up from $350.00) on shares of Tesla in a report on Monday, October 12th. KeyCorp upgraded shares of Tesla to a “sector weight” rating in a report on Monday, September 28th. Barclays upgraded shares of Tesla from a “negative” rating to an “outperform” rating in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. Finally, Mizuho set a $450.00 price target on shares of Tesla and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $415.07.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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 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 company insiders.

Tesla Trading Up 3.8%

NASDAQ TSLA opened at $368.06 on Tuesday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The firm has a 50 day moving average of $360.72 and a two-hundred day moving average of $377.03. 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 capitalization of $1.45 trillion, a PE ratio of 340.80, a price-to-earnings-growth ratio of 22.59 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last announced 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 firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

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.