Tesla, Inc. $TSLA Shares Sold by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 55,837 shares of the electric vehicle producer’s stock after selling 1,411 shares during the period. Tesla accounts for approximately 2.9% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 8th biggest holding. McCollum Christoferson Group LLC’s holdings in Tesla were worth $19,812,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sax Wealth Advisors LLC increased its stake in Tesla by 141.4% in the third quarter. Sax Wealth Advisors LLC now owns 16,323 shares of the electric vehicle producer’s stock valued at $5,792,000 after purchasing an additional 9,561 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake in shares of Tesla by 2.6% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 6,407 shares of the electric vehicle producer’s stock worth $2,452,000 after acquiring an additional 164 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Tesla by 39.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 19,146 shares of the electric vehicle producer’s stock worth $7,180,000 after buying an additional 5,388 shares in the last quarter. DWR Wealth Management LLC boosted its position in Tesla by 10.3% in the third quarter. DWR Wealth Management LLC now owns 834 shares of the electric vehicle producer’s stock worth $294,000 after purchasing an additional 78 shares during the last quarter. Finally, Perpetual Ltd grew its position in Tesla by 3.0% during the third quarter. Perpetual Ltd now owns 16,350 shares of the electric vehicle producer’s stock valued at $5,801,000 after buying an additional 475 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 corporate insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla delivered 486,532 vehicles in the third quarter, exceeding analyst expectations of roughly 462,000. The delivery beat helped support the recent rally, although volume remained below the prior year. Tesla delivery and valuation analysis
• Positive Sentiment: Jefferies raised its price target from $350 to $400, citing resilient deliveries and potential growth in Tesla’s energy, services and autonomous-driving businesses, while maintaining a Hold rating. Jefferies raises Tesla price target
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s monthly growth streak to 11 months. The Cybercab fleet also reportedly surpassed 300 vehicles in Austin, and Tesla is showcasing its robotaxi technology and Cybercab at the Paris Motor Show. Tesla China sales
• Neutral Sentiment: Third-quarter earnings are scheduled for October 21. Investors are expected to focus on automotive gross margin, profitability, capital spending and whether energy storage and services can offset pressure on the vehicle business. Tesla earnings preview
• Negative Sentiment: NHTSA is reviewing allegations that Tesla robotaxis exceeded speed limits in active school zones. The inquiry adds regulatory and safety risk to Tesla’s autonomous-driving expansion plans. Tesla robotaxi safety inquiry
• Negative Sentiment: Reports that robotaxis are restricted from nighttime operation because of concerns about striking animals, along with Elon Musk’s criticism of Waymo, highlight unresolved real-world reliability issues.
• Negative Sentiment: Analysts continue to question Tesla’s valuation—around 219 times earnings in one analysis—while weak Cybertruck demand, intense European competition and the company’s low reported margins reinforce concerns that future AI and robotics growth is already heavily priced in. Cybertruck delivery concerns

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday, September 16th. The Goldman Sachs Group raised shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday, October 5th. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Finally, Guggenheim started coverage on Tesla in a research note on Monday, June 29th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $412.33.

Tesla Stock Down 0.8%

Shares of TSLA traded down $3.11 on Tuesday, reaching $374.92. The stock had a trading volume of 9,806,960 shares, compared to its average volume of 50,921,078. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 347.15, a price-to-earnings-growth ratio of 23.45 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a 50-day simple moving average of $356.73 and a 200-day simple moving average of $377.16.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 0.73 EPS for the current year.

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.