4,292 Shares of Tesla, Inc. $TSLA Bought by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,292 shares of the electric vehicle producer’s stock, valued at approximately $1,523,000. Tesla accounts for 1.0% of StoneRidge PMG Advisors LLC’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Tesla during the second quarter worth approximately $8,535,612,000. Amundi grew its holdings in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Tesla in the 2nd quarter worth approximately $6,083,630,000. Finally, Bamco Inc. NY grew its holdings 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 worth $5,267,911,000 after buying an additional 591,243 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on 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 directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a research report on Thursday, October 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $485.00 price target on shares of Tesla in a research report on Monday, October 19th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 22nd. Oppenheimer initiated coverage on Tesla in a research note on Thursday, October 22nd. They issued an “outperform” rating for the company. Finally, CLSA reissued an “underperform” rating on shares of Tesla in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $358.22 on Monday. The company has a 50 day moving average of $372.14 and a 200-day moving average of $384.35. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.42 trillion, a P/E ratio of 393.65, a P/E/G ratio of 22.19 and a beta of 1.74. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $28.06 billion. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.