Tesla, Inc. $TSLA Stock Purchased by Root Financial Partners LLC

Root Financial Partners LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,769 shares of the electric vehicle producer’s stock after purchasing an additional 2,497 shares during the period. Root Financial Partners LLC’s holdings in Tesla were worth $8,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TSLA. Legal & General Group Plc bought a new stake in Tesla during the 2nd quarter worth $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in shares of Tesla during the second quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new stake in shares of Tesla during the second quarter worth about $4,039,090,000. Canada Pension Plan Investment Board bought a new stake in shares of Tesla during the second quarter worth about $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Tesla in the second quarter worth $2,995,584,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA stock opened at $372.22 on Friday. The stock has a 50-day moving average price of $364.01 and a 200-day moving average price of $377.22. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.47 trillion, a PE ratio of 409.04, a price-to-earnings-growth ratio of 23.78 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Tesla, Inc. will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value 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. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a 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. Insiders own 19.90% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday. Truist Financial set a $370.00 price target on Tesla and gave the company a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler reaffirmed an “overweight” rating and issued a $475.00 price objective (up from $450.00) on shares of Tesla in a research note on Thursday. Finally, DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $408.61.

About Tesla

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.