St. Louis Financial Planners Asset Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,833 shares of the electric vehicle producer’s stock, valued at approximately $3,506,000. Tesla accounts for approximately 1.5% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 17th largest holding.
A number of other large investors also recently modified their holdings of the business. Bamco Inc. NY raised its position in shares of Tesla by 5.0% during 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 purchasing an additional 591,243 shares during the period. One Plus One Wealth Management LLC bought a new stake in shares of Tesla in the 2nd quarter worth approximately $1,009,000. Bessemer Group Inc. boosted its position in Tesla by 23.6% during the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock valued at $20,908,000 after purchasing an additional 10,747 shares during the period. H&H International Investment LLC acquired a new position in Tesla during the 1st quarter valued at approximately $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Tesla by 12.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock worth $15,470,000 after buying an additional 4,806 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s 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 owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
- Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
- Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
- Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
- Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves
Tesla Stock Performance
TSLA opened at $354.72 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $359.98 and its 200-day moving average is $376.90. The stock has a market cap of $1.40 trillion, a PE ratio of 328.45, a price-to-earnings-growth ratio of 23.03 and a beta of 1.92. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (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 during the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research report on Friday, August 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research note on Friday, September 25th. Guggenheim started coverage on shares of Tesla in a report on Monday, June 29th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. Finally, William Blair restated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $412.33.
View Our Latest Stock Analysis on TSLA
Tesla Profile
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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