2,215 Shares in Tesla, Inc. $TSLA Purchased by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,215 shares of the electric vehicle producer’s stock, valued at approximately $786,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management raised its stake in shares of Tesla by 1.4% during the 3rd quarter. Triumph Capital Management now owns 4,606 shares of the electric vehicle producer’s stock worth $1,634,000 after purchasing an additional 65 shares in the last quarter. Sanders Morris Harris LLC lifted its stake in shares of Tesla by 10.5% during the 3rd quarter. Sanders Morris Harris LLC now owns 8,491 shares of the electric vehicle producer’s stock worth $3,135,000 after buying an additional 807 shares during the last quarter. Investment Planning Advisors Inc. boosted its holdings in shares of Tesla by 2.9% during the third quarter. Investment Planning Advisors Inc. now owns 1,690 shares of the electric vehicle producer’s stock worth $600,000 after acquiring an additional 48 shares during the period. N10 Wealth LLC boosted its stake in Tesla by 41.3% in the 3rd quarter. N10 Wealth LLC now owns 14,724 shares of the electric vehicle producer’s stock valued at $5,224,000 after purchasing an additional 4,306 shares during the period. Finally, ABLE Financial Group LLC boosted its position in shares of Tesla by 13.0% in the third quarter. ABLE Financial Group LLC now owns 1,799 shares of the electric vehicle producer’s stock valued at $638,000 after acquiring an additional 207 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TSLA shares. Wells Fargo & Company reissued a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a report on Monday, September 28th. JPMorgan Chase & Co. lowered their target price on Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Guggenheim began coverage on shares of Tesla in a research report on Monday, June 29th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $412.33.

Tesla Stock Down 2.2%

TSLA stock opened at $367.16 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The stock’s 50 day simple moving average is $358.60 and its 200 day simple moving average is $377.05. The company has a market cap of $1.45 trillion, a P/E 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 earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (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 firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 0.69 earnings per share for the current fiscal year.

Tesla News Roundup

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 Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

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.