1,943 Tesla, Inc. $TSLA Shares Sold by Grove Bank & Trust

Grove Bank & Trust reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 17.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,354 shares of the electric vehicle producer’s stock after selling 1,943 shares during the period. Grove Bank & Trust’s holdings in Tesla were worth $3,319,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. State Street Corp raised its stake in Tesla by 2.4% in 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 period. Amundi boosted its stake in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after acquiring an additional 2,727,141 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares during the last quarter. Legal & General Group Plc bought a new stake in Tesla in the 2nd quarter valued at $8,535,612,000. Finally, Invesco Ltd. lifted its holdings in Tesla by 14.0% during the 4th quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock valued at $7,636,301,000 after purchasing an additional 2,082,813 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TSLA. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. HSBC restated a “reduce” rating and set a $157.00 target price on shares of Tesla in a research note on Monday. Morgan Stanley reiterated a “reduce” rating on shares of Tesla in a research note on Monday, September 14th. TD Cowen reissued a “buy” rating on shares of Tesla in a report on Friday, August 14th. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $412.19.

Tesla Stock Performance

Shares of Tesla stock traded down $2.81 during trading on Thursday, reaching $375.00. The company’s stock had a trading volume of 28,299,486 shares, compared to its average volume of 51,356,391. The business’s 50-day moving average price is $354.18 and its 200-day moving average price is $377.19. The firm has a market cap of $1.48 trillion, a PE ratio of 347.23, a P/E/G ratio of 20.34 and a beta of 1.92. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business 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 business posted $0.33 earnings per share. Tesla’s revenue was up 25.5% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 0.83 earnings per share for the current year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Q3 delivery beat supports near-term sentiment. Tesla delivered 486,532 vehicles, exceeding expectations despite a slight year-over-year decline. Attention now shifts to automotive margins and the company’s upcoming earnings report, since weaker profitability could offset the delivery performance. Tesla’s EV Delivery Beat Is In, So What Happens Now?
• Positive Sentiment: Commercial charging expansion strengthens Tesla’s energy and infrastructure opportunity. Tesla and Pilot opened their first Megacharger site in Georgia for heavy-duty electric trucks and announced three additional locations. Separately, logistics company IMC ordered 50 Tesla Semis, providing validation for Tesla’s commercial-vehicle ambitions. Pilot and Tesla Open First Megacharger Site
• Positive Sentiment: Autonomy-related developments remain a long-term bullish catalyst. Lemonade expanded autonomous-car insurance discounts to more Tesla vehicles using FSD, while Germany’s transport minister backed faster European approval of Tesla’s supervised FSD technology. Wider availability could support software revenue, although regulatory approval remains unresolved. Lemonade Adds Support for Tesla FSD
• Neutral Sentiment: Analysts see substantial upside but acknowledge execution risk. UBS raised its price target to $391 and called Tesla’s setup tactically favorable, with software, robotaxis, robotics and energy storage viewed as potential growth drivers beyond vehicle sales. UBS Flags a Bullish Setup in Tesla Stock
• Negative Sentiment: Valuation remains the biggest pressure point. Tesla trades at a far higher earnings multiple than competitors such as BYD, prompting even longtime bullish investors to warn that a strong business does not necessarily make the stock attractive at its current price. BYD Trades at 20 Times Earnings. Tesla Trades at 344.
• Negative Sentiment: AI spending and profitability concerns are limiting enthusiasm. Tesla is committing significant resources to chips, autonomy and robotics while investors still face questions about cash use, vehicle margins and the lack of detailed updates on Optimus. This makes the stock particularly sensitive to any earnings disappointment. Tesla’s Big AI Gamble Puts Its EV Business Under a Microscope

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 insiders.

Tesla Profile

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.