Segment Wealth Management LLC Acquires 2,142 Shares of Tesla, Inc. $TSLA

Segment Wealth Management LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 17.9% during the third quarter, HoldingsChannel.com reports. The fund owned 14,097 shares of the electric vehicle producer’s stock after acquiring an additional 2,142 shares during the period. Segment Wealth Management LLC’s holdings in Tesla were worth $5,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Peirce Capital Management LLC raised its position in shares of Tesla by 1.5% during the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after purchasing an additional 25 shares during the period. Phillip James Consulting Co. lifted its holdings in shares of Tesla by 8.7% in the 1st quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock worth $121,000 after purchasing an additional 26 shares during the last quarter. Cadence Wealth Management LLC boosted its position in Tesla by 4.7% during the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock valued at $216,000 after purchasing an additional 26 shares during the period. Crumly & Associates Inc. boosted its position in Tesla by 0.6% during the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer’s stock valued at $1,976,000 after purchasing an additional 26 shares during the period. Finally, Brickley Wealth Management grew its stake in Tesla by 3.6% during the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer’s stock worth $318,000 after buying an additional 26 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSLA. HSBC reaffirmed a “reduce” rating and issued a $157.00 target price on shares of Tesla in a research report on Monday, October 5th. CLSA reissued an “underperform” rating on shares of Tesla in a report on Monday. Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research report on Monday. William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Finally, Yorkville Ives assumed coverage on shares of Tesla in a report on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Moderate Buy” and a consensus price target of $411.04.

Tesla Stock Performance

Shares of TSLA opened at $391.62 on Tuesday. The firm has a market capitalization of $1.55 trillion, a PE ratio of 430.36, a P/E/G ratio of 23.62 and a beta of 1.92. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $363.77 and a 200 day moving average price of $386.75. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. 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 firm earned $0.50 EPS. Tesla’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Barclays upgrade and SpaceX speculation: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450. The analyst cited potential value from a Tesla-SpaceX transaction, as well as improving prospects for Tesla’s automotive, energy-storage and autonomous-driving businesses. Tesla and SpaceX have reportedly formed independent committees to evaluate a possible combination, but no deal has been agreed. Buy Tesla Stock, Says Analyst. Why It Can Surge 20%.
• Positive Sentiment: Autonomy momentum: Tesla’s Full Self-Driving (FSD) system received approval in Latvia, reportedly bringing the number of approving EU countries to 10. Separately, a partnership with Turo will promote FSD-equipped Tesla vehicles available through its rental marketplace, potentially increasing consumer adoption and subscription revenue. Cybercab activity also reportedly reached a record during Austin’s Formula One weekend. Tesla turns to Turo to boost adoption of Full Self-Driving
• Positive Sentiment: AI and robotics investment case: Analysts argued that Tesla’s reduced 2026 capital-spending forecast reflects timing rather than a retreat from AI. The company still has more than $45 billion in cash and investments to fund Full Self-Driving, Cybercab and Optimus development. Management also expects spending to rise in future years.
• Neutral Sentiment: Short-interest data appears inconsistent: One report described a large increase in October short interest but simultaneously listed total short interest at zero shares and a zero-day days-to-cover ratio. The figures should therefore be treated cautiously rather than as a reliable signal of short-covering demand.
• Negative Sentiment: Execution and valuation concerns: Tesla’s third-quarter revenue was essentially flat year over year, while operating income reportedly fell 56%. Critics also highlighted a P/E ratio above 400 and questioned whether the stock price already discounts successful autonomy, robotics and SpaceX-related outcomes.
• Negative Sentiment: Cybertruck weakness: Reports that Tesla canceled or delayed Cybertruck availability in two countries underscore concerns about the vehicle’s weaker-than-expected demand and limited international expansion. Tesla Cancels Cybertruck in Two Countries

Tesla Company 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.