Flagship Wealth Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 9.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,616 shares of the electric vehicle producer’s stock after acquiring an additional 1,469 shares during the quarter. Tesla makes up approximately 1.4% of Flagship Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. Flagship Wealth Advisors LLC’s holdings in Tesla were worth $6,250,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Peirce Capital Management LLC boosted its holdings in shares of Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after buying an additional 25 shares during the period. Phillip James Consulting Co. grew its holdings in shares of Tesla by 8.7% during the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock valued at $121,000 after purchasing an additional 26 shares during the last quarter. Cadence Wealth Management LLC raised its position in shares of Tesla by 4.7% during the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock worth $216,000 after purchasing an additional 26 shares during the period. Crumly & Associates Inc. raised its position in shares of Tesla by 0.6% during the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer’s stock worth $1,976,000 after purchasing an additional 26 shares during the period. Finally, Brickley Wealth Management lifted its holdings in shares of Tesla by 3.6% in the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer’s stock worth $318,000 after purchasing an additional 26 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 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 directly owned 25,972 shares of the company’s stock, 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 can be accessed through this hyperlink. 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 Stock Performance
Shares of NASDAQ:TSLA traded up $14.53 on Friday, hitting $358.22. The company’s stock had a trading volume of 36,597,110 shares, compared to its average volume of 36,353,072. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a price-to-earnings-growth ratio of 25.01 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The stock’s 50-day moving average is $372.14 and its two-hundred day moving average is $384.35.
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, beating analysts’ consensus estimates of $0.46 by $0.02. The business 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 revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
- Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
- Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
- Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $475.00 price objective (up from $450.00) on shares of Tesla in a research report on Thursday, October 22nd. Barclays upgraded Tesla from an “outperform” rating to an “overweight” rating and raised their target price for the company from $370.00 to $450.00 in a research note on Monday, October 26th. Monness Crespi & Hardt assumed coverage on shares of Tesla in a report on Monday, October 26th. They set a “buy” rating for the company. KeyCorp upgraded shares of Tesla to a “sector weight” rating in a research report on Monday, September 28th. Finally, HSBC reaffirmed a “reduce” rating and issued a $157.00 price objective on shares of Tesla in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.
About Tesla
Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.
The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.
Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.
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