Tesla, Inc. $TSLA Stock Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 13,082.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,310 shares of the electric vehicle producer’s stock after buying an additional 204,745 shares during the quarter. Congress Asset Management Co.’s holdings in Tesla were worth $73,201,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the 2nd quarter worth about $25,000. Friedenthal Financial increased its stake in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Harborfront Financial Group LLC purchased a new position in Tesla in the second quarter worth about $34,000. Lam Group Inc. bought a new position in shares of Tesla in the first quarter worth approximately $37,000. Finally, Montgomery Financial Services LLC purchased a new stake in shares of Tesla during the second quarter valued at approximately $40,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla delivered approximately 486,500–487,000 vehicles in the third quarter, beating consensus estimates by about 25,000 vehicles and potentially marking a rebound after two years of declining annual deliveries. Higher gasoline prices and price reductions may have supported demand. Tesla and Lucid delivery report
• Positive Sentiment: Some analysts see the delivery beat as an early sign of improving automotive momentum, with longer-term upside tied to Full Self-Driving, robotaxis, artificial intelligence and Optimus humanoid robots. Tesla delivery beat and 2027 outlook
• Positive Sentiment: Tesla plans to display its Cybercab robotaxi at the Paris Motor Show, giving the company a high-profile opportunity to promote its autonomous-driving ambitions in Europe. Reports of discussions with TSMC regarding a dedicated AI-chip “Terafab” also support the long-term technology narrative, although the plans remain preliminary. Tesla Cybercab Paris display
• Neutral Sentiment: Lower oil prices and Treasury yields helped lift the broader S&P 500 and technology stocks, providing a supportive market backdrop for TSLA. Stock market update
• Negative Sentiment: The delivery beat was mixed: third-quarter deliveries were still down year over year, while energy-storage deployments reportedly missed expectations. UBS maintained its existing view, and Goldman Sachs remains cautious ahead of Tesla’s October 21 earnings report.
• Negative Sentiment: Analysts warn that Tesla’s very high valuation leaves limited room for execution mistakes. Elevated spending on AI, robotaxis and other platforms could restrain margins and cash flow, while early robotaxi operations—including limited nighttime availability—highlight continuing commercialization and safety risks. Goldman Sachs Tesla outlook

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane decreased their price objective on shares of Tesla from $280.00 to $268.00 and set an “underperform” rating for the company in a report on Thursday, September 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research note on Monday, September 28th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Monday, September 21st. William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eighteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $412.01.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a document filed 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 insiders.

Tesla Stock Performance

Shares of TSLA stock traded up $1.95 on Tuesday, reaching $380.68. The stock had a trading volume of 27,651,862 shares, compared to its average volume of 51,611,656. 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 1 year low of $297.38 and a 1 year high of $498.83. The stock has a market cap of $1.50 trillion, a P/E ratio of 352.48, a price-to-earnings-growth ratio of 19.78 and a beta of 1.92. The company has a 50 day simple moving average of $351.27 and a 200 day simple moving average of $377.15.

Tesla (NASDAQ:TSLA) last posted 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 net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue was up 25.5% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 0.83 EPS for the current year.

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.