StoneX Group Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,246 shares of the electric vehicle producer’s stock after buying an additional 1,784 shares during the period. StoneX Group Inc.’s holdings in Tesla were worth $7,745,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its holdings in Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Legal & General Group Plc bought a new position in Tesla during the second quarter worth $8,535,612,000. Amundi increased its holdings in shares of 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 purchasing an additional 2,727,141 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Tesla in the second quarter valued at $6,083,630,000. Finally, Bamco Inc. NY raised its position in shares of Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Stock Up 4.2%
TSLA stock opened at $358.22 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. 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 has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 393.65, a PEG ratio of 22.19 and a beta of 1.74. The business’s fifty day moving average price is $372.14 and its two-hundred day moving average price is $384.35.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. Tesla’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. KeyCorp upgraded shares of Tesla to a “sector weight” rating in a research note on Monday, September 28th. HSBC reiterated a “reduce” rating and issued a $157.00 price target on shares of Tesla in a research note on Monday, October 5th. CLSA reissued an “underperform” rating on shares of Tesla in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Tesla in a research report on Monday, October 26th. They set a “buy” rating for the company. Finally, Jefferies Financial Group upgraded Tesla from a “hold” rating to a “buy” rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $414.51.
Get Our Latest Analysis on Tesla
Tesla News Roundup
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
Insider Transactions at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’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 owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.
Tesla Profile
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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