Tenon Financial LLC Purchases New Holdings in Tesla, Inc. $TSLA

Tenon Financial LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,883 shares of the electric vehicle producer’s stock, valued at approximately $668,000.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after buying an additional 2,761,298 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after buying an additional 20,810,386 shares during the period. Legal & General Group Plc purchased a new position in shares of Tesla in the 2nd quarter worth $8,535,612,000. Amundi boosted its holdings in Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares during the last quarter. Finally, Invesco Ltd. grew its position in Tesla by 14.0% during the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock valued at $7,636,301,000 after acquiring an additional 2,082,813 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Insider Activity at Tesla

In related 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 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 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. Insiders own 19.90% of the company’s stock.

Tesla Trading Down 2.2%

NASDAQ:TSLA opened at $367.16 on Thursday. The business’s 50-day moving average is $358.60 and its two-hundred day moving average is $377.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market capitalization of $1.45 trillion, a PE ratio of 339.97, a price-to-earnings-growth ratio of 24.37 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research analyst reports. Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They set a “market perform” rating for the company. BNP Paribas Exane reduced their price objective on Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research note on Thursday, September 24th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research note on Monday, September 28th. KeyCorp upgraded Tesla to a “sector weight” rating in a report on Monday, September 28th. Finally, Roth Capital reissued a “buy” rating and set a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $412.33.

Tesla Company 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.