Tesla, Inc. $TSLA Stock Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 32.4% during the third quarter, Holdings Channel reports. The firm owned 5,798 shares of the electric vehicle producer’s stock after selling 2,780 shares during the period. Confluence Wealth Services Inc.’s holdings in Tesla were worth $2,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA bought a new position in Tesla during the second quarter valued at about $25,000. Harborfront Financial Group LLC bought a new stake in shares of Tesla during the 2nd quarter worth about $34,000. Montgomery Financial Services LLC bought a new stake in shares of Tesla during the 2nd quarter worth about $40,000. Timbuktu Capital Management LLC acquired a new position in shares of Tesla during the 2nd quarter valued at about $42,000. Finally, Navigoe LLC acquired a new position in shares of Tesla during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSLA shares. Wall Street Zen lowered Tesla from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, October 22nd. Royal Bank Of Canada downgraded Tesla from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 22nd. CLSA reissued an “underperform” rating on shares of Tesla in a research report on Monday, October 26th. Finally, Roth Capital restated a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.

Insider Transactions at Tesla

In other Tesla 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 sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing 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. 20.00% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $390.82 on Thursday. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 429.48, a price-to-earnings-growth ratio of 23.53 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The business’s fifty day moving average price is $373.66 and its two-hundred day moving average price is $383.44. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period last year, the firm posted $0.50 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Trending Headlines about 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
• Negative Sentiment: Jefferies downgraded Tesla from “strong buy” to “hold,” adding a cautious analyst signal amid concerns about the company’s outlook and valuation.

About Tesla

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.