Quintet Private Bank Europe S.A. boosted its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 47.6% in the 3rd quarter, Holdings Channel reports. The firm owned 68,832 shares of the electric vehicle producer’s stock after purchasing an additional 22,193 shares during the period. Tesla comprises about 1.1% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 23rd largest holding. Quintet Private Bank Europe S.A.’s holdings in Tesla were worth $24,422,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc acquired a new position in Tesla during the 2nd quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla during the 2nd quarter valued at about $6,083,630,000. Deutsche Bank AG acquired a new position in Tesla in the 2nd quarter valued at about $4,039,090,000. Finally, Canada Pension Plan Investment Board acquired a new position in Tesla in the 2nd quarter valued at about $3,144,509,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla delivered 486,532 vehicles in the third quarter, exceeding expectations by roughly 25,000 units. The beat is supporting the stock ahead of the company’s October 21 earnings report, although investors will focus on automotive margins and free cash flow. Tesla’s EV Delivery Beat Is In, So What Happens Now?
- Positive Sentiment: Analysts remain focused on Tesla’s higher-margin opportunities beyond vehicles, including robotaxis, software, robotics and energy storage. Dan Ives sees more than 30% potential upside, while UBS called the setup “tactically favorable” and raised its price target to $391. TSLA Stock Heads For Weekly Win
- Positive Sentiment: Tesla and SpaceX reportedly plan to build and operate a Texas “Terafab” AI-chip complex, potentially improving supply control for autonomy and robotics. Tesla also arranged $30 billion in new credit facilities and loans, giving it greater funding capacity for expansion. Why Tesla Is Up After Unveiling Terafab
- Positive Sentiment: Germany’s transport minister backed faster European approval of Tesla’s supervised Full Self-Driving system, while Lemonade expanded insurance support for Tesla vehicles using FSD v14 Lite. Both developments could aid adoption if regulatory approval progresses. Musk Welcomes German Backing
- Neutral Sentiment: Tesla secured an order for 50 Tesla Semi trucks from IMC Logistics, providing validation for its commercial-vehicle strategy, though the order is unlikely to materially affect near-term financial results. Tesla Semi Lands 50-Truck Order
- Negative Sentiment: Investors remain concerned that Tesla is spending heavily on AI while relying on vehicle sales to fund the investment. The company’s extremely high valuation—about 345 times earnings—leaves little room for weaker margins or another earnings miss.
- Negative Sentiment: Reports say Tesla pressured European regulators to accelerate FSD reviews and reduce testing burdens. The scrutiny raises safety, liability and execution risks, while delays could undermine the robotaxi investment case. Tesla Pressured European Regulators
- Negative Sentiment: Tesla’s limited updates on the Optimus humanoid robot are making some investors uneasy, and its earlier sale of most Bitcoin holdings means it missed much of the subsequent cryptocurrency appreciation.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on TSLA
Tesla Stock Down 1.9%
Shares of NASDAQ:TSLA traded down $7.08 during trading on Thursday, hitting $370.73. 12,663,382 shares of the company were exchanged, compared to its average volume of 51,272,059. The firm’s 50 day moving average price is $352.86 and its 200-day moving average price is $377.14. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 343.67, a PEG ratio of 20.34 and a beta of 1.92.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period last year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, research analysts predict that Tesla, Inc. will post 0.83 earnings per share for the current fiscal year.
Insider Activity
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was 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 of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. 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. Insiders own 19.90% of the company’s stock.
Tesla Profile
Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.
Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.
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