Vise Technologies Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 14.0% in the third quarter, HoldingsChannel reports. The firm owned 126,889 shares of the electric vehicle producer’s stock after purchasing an additional 15,574 shares during the period. Vise Technologies Inc.’s holdings in Tesla were worth $45,021,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TSLA. Legal & General Group Plc acquired a new stake in shares of Tesla during the second quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp bought a new position in shares of Tesla in the second quarter worth $6,083,630,000. Deutsche Bank AG acquired a new position in Tesla in the 2nd quarter worth about $4,039,090,000. Canada Pension Plan Investment Board bought a new stake in Tesla during the second quarter valued at $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Tesla in the 2nd quarter valued at $2,995,584,000. Institutional investors own 66.20% of the company’s stock.
Tesla Trading Down 0.9%
NASDAQ:TSLA opened at $399.81 on Friday. The stock has a market cap of $1.58 trillion, a PE ratio of 439.36, a price-to-earnings-growth ratio of 24.77 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The stock’s 50-day moving average is $369.61 and its two-hundred day moving average is $385.81. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
- Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
- Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
- Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
- Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
- Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction 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 sale, the chief financial officer 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 transaction was disclosed in a 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. 20.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 22nd. Tigress Financial initiated coverage on Tesla in a report on Thursday, October 22nd. They set a “buy” rating on the stock. Oppenheimer started coverage on shares of Tesla in a research report on Thursday, October 22nd. They issued an “outperform” rating on the stock. Wall Street Zen lowered shares of Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $485.00 target price on shares of Tesla in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $414.51.
Check Out Our Latest Report on Tesla
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.
Featured Stories
- Five stocks we like better than Tesla
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
