11,129 Tesla, Inc. $TSLA Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 761,037 shares of the electric vehicle producer’s stock after selling 11,129 shares during the quarter. Fifth Third Bancorp’s holdings in Tesla were worth $270,023,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in Tesla during the second quarter valued at about $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in shares of Tesla in the second quarter worth $6,083,630,000. Deutsche Bank AG acquired a new stake in shares of Tesla in the second quarter worth $4,039,090,000. Canada Pension Plan Investment Board acquired a new position in Tesla in the 2nd quarter valued at $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Tesla during the 2nd quarter worth $2,995,584,000. 66.20% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 in the company, valued at $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 is available through the SEC website. 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.

Key Headlines Impacting Tesla

Investors following TSLA have been watching these headlines:

• Positive Sentiment: Finland approved Tesla’s supervised driver-assistance system for use on its roads. The decision could help Tesla build momentum in Europe, though broader EU approval is still pending and the system may face limitations. Reuters: Finland approves Tesla’s Assisted Driving system
• Positive Sentiment: Elon Musk said Cybertruck production will continue through summer 2027 to help clear a backlog, extending the truck’s run beyond the previously discussed wind-down timeline. This suggests demand remains ahead of current production, although Tesla still plans to shift factory capacity toward its Cybercab robotaxi. CBS News: Tesla extends Cybertruck production to clear backlog
• Neutral Sentiment: A report said Tesla’s Texas robotaxi fleet reached 1,302 registered vehicles, surpassing Waymo in that state. Fleet growth may strengthen Tesla’s autonomous-driving ambitions, but the business’s commercial potential still depends on regulatory approval and successful service expansion. TipRanks: Tesla Robotaxi Overtakes Waymo in Texas

Tesla Stock Performance

NASDAQ:TSLA opened at $390.82 on Thursday. The firm has a market capitalization of $1.54 trillion, a PE ratio of 429.48, a price-to-earnings-growth ratio of 23.53 and a beta of 1.74. The company has a quick ratio of 1.39, a current ratio of 1.74 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 firm has a 50-day moving average price of $373.66 and a 200 day moving average price of $383.44.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Research analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $475.00 price target (up from $450.00) on shares of Tesla in a research report on Thursday, October 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $485.00 target price on shares of Tesla in a research note on Monday, October 19th. BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $266.00 to $420.00 in a report on Thursday, October 22nd. KeyCorp upgraded shares of Tesla to a “sector weight” rating in a research report on Monday, September 28th. Finally, Glj Research reissued a “sell” rating on shares of Tesla in a research report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla 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.