Rep. Pete Sessions Unloads Shares of Tesla, Inc. (NASDAQ:TSLA)

Representative Pete Sessions (Republican-Texas) recently sold shares of Tesla, Inc. (NASDAQ:TSLA). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Tesla stock on October 2nd. The trade occurred in the Representative’s “TRUST ONE” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Tesla Stock Performance

NASDAQ:TSLA opened at $403.30 on Friday. The firm has a market capitalization of $1.59 trillion, a PE ratio of 553.73, a PEG ratio of 25.04 and a beta of 1.92. 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 1.39 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $368.51 and its 200 day simple moving average is $386.05.

Tesla (NASDAQ:TSLA) last issued 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. The company had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current year.

Institutional Trading of Tesla

Several hedge funds have recently bought and sold shares of TSLA. Bauman Advisory Group LLC grew its position in Tesla by 6.7% in the third quarter. Bauman Advisory Group LLC now owns 713 shares of the electric vehicle producer’s stock valued at $253,000 after purchasing an additional 45 shares in the last quarter. VCI Wealth Management LLC raised its stake in shares of Tesla by 7.0% during the 3rd quarter. VCI Wealth Management LLC now owns 12,725 shares of the electric vehicle producer’s stock worth $4,515,000 after purchasing an additional 830 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Tesla by 2.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 286,898 shares of the electric vehicle producer’s stock valued at $101,794,000 after buying an additional 6,901 shares during the last quarter. Torren Management LLC boosted its holdings in shares of Tesla by 924.5% in the 3rd quarter. Torren Management LLC now owns 502 shares of the electric vehicle producer’s stock valued at $178,000 after buying an additional 453 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in shares of Tesla by 2.4% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 13,695 shares of the electric vehicle producer’s stock valued at $4,859,000 after buying an additional 315 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSLA. Monness Crespi & Hardt started coverage on shares of Tesla in a report on Monday. They issued a “buy” rating on the stock. UBS Group raised shares of Tesla from a “neutral” rating to a “buy” rating in a research note on Monday. William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Tigress Financial began coverage on Tesla in a report on Thursday, October 22nd. They issued a “buy” rating on the stock. Finally, Robert W. Baird set a $475.00 price target on Tesla in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $414.51.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Improved cash generation: Tesla generated approximately $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion. However, the improvement was partly driven by lower-than-expected capital expenditures rather than stronger operating profitability. Tesla’s Free Cash Flow Beat
• Positive Sentiment: Autonomy developments: A South Korean court dismissed a lawsuit from 88 owners seeking refunds over delayed FSD features, removing a potential legal and financial liability. Robotaxi expansion plans and rising FSD adoption also support the long-term growth narrative. South Korea FSD lawsuit
• Positive Sentiment: Analyst and investor support: Barclays upgraded TSLA to Overweight with a $450 target, citing potential strength in vehicles, energy storage and FSD subscriptions. ETFs also reportedly purchased $40.7 million of Tesla shares on October 27. Barclays Tesla upgrade
• Positive Sentiment: European demand: Tesla recorded a reported 66,035 European registrations in September, with the Model Y and Model 3 ranking first and second, helping offset weakness in China. Tesla European registrations
• Neutral Sentiment: SpaceX merger speculation: Elon Musk called a Tesla-SpaceX combination a good idea but acknowledged that winning shareholder approval would be difficult. No transaction has been announced, leaving the speculation a potential catalyst but also a source of volatility. Musk discusses Tesla-SpaceX merger
• Negative Sentiment: Profitability concerns: Tesla’s EV deliveries and earnings have weakened, while operating income reportedly fell 56%. More than 70% of revenue still comes from passenger EVs, making the company vulnerable to pricing pressure and slowing demand. Tesla EV business concerns
• Negative Sentiment: Market and execution risks: Alphabet’s disappointing results pressured technology stocks broadly, while reports of inefficient Robotaxi routing in Houston raised questions about autonomous-service reliability. Rising interest rates also pose a threat to TSLA’s very high valuation multiple.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’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 completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company’s stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

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.