Tesla, Inc. $TSLA Stake Raised by UNICOM Systems Inc.

UNICOM Systems Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,661 shares of the electric vehicle producer’s stock after buying an additional 62,000 shares during the period. Tesla accounts for about 12.6% of UNICOM Systems Inc.’s investment portfolio, making the stock its biggest holding. UNICOM Systems Inc.’s holdings in Tesla were worth $181,188,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fagan Associates Inc. increased its holdings in Tesla by 3.2% in the third quarter. Fagan Associates Inc. now owns 3,219 shares of the electric vehicle producer’s stock valued at $1,142,000 after purchasing an additional 100 shares during the last quarter. Lineweaver Wealth Advisors LLC boosted its holdings in Tesla by 2.1% during the third quarter. Lineweaver Wealth Advisors LLC now owns 17,213 shares of the electric vehicle producer’s stock worth $6,107,000 after buying an additional 355 shares during the last quarter. Catalyst Private Wealth LLC bought a new position in Tesla during the third quarter worth about $230,000. Lincoln Capital Corp grew its position in shares of Tesla by 3.3% during the 3rd quarter. Lincoln Capital Corp now owns 1,539 shares of the electric vehicle producer’s stock worth $546,000 after buying an additional 49 shares during the period. Finally, Financial Futures Ltd Liability Co. grew its position in shares of Tesla by 1.7% during the 3rd quarter. Financial Futures Ltd Liability Co. now owns 3,325 shares of the electric vehicle producer’s stock worth $1,180,000 after buying an additional 54 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group raised shares of Tesla from a “neutral” rating to a “buy” rating in a research note on Monday, October 5th. HSBC restated a “reduce” rating and set a $157.00 price objective on shares of Tesla in a report on Monday, October 5th. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $445.00 to $415.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. Finally, Stifel Nicolaus set a $491.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $412.33.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Down 0.7%

NASDAQ:TSLA traded down $2.80 on Tuesday, reaching $375.23. The company’s stock had a trading volume of 18,338,055 shares, compared to its average volume of 50,966,648. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The business’s 50-day moving average price is $357.69 and its two-hundred day moving average price is $377.09. The firm has a market cap of $1.48 trillion, a PE ratio of 347.44, a PEG ratio of 23.45 and a beta of 1.92. 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 (NASDAQ:TSLA) last released its quarterly 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). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. Equities research analysts anticipate that Tesla, Inc. will post 0.73 earnings per share for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s third-quarter deliveries totaled 486,532 vehicles, exceeding Wall Street’s estimate of approximately 462,000 and helping drive the recent rebound in the shares. However, deliveries remained below the prior-year period. Tesla Trades at 219x Earnings
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s growth streak in China to 11 months, supported by overseas shipments and price incentives. Tesla China EV Sales Growth
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other nonautomotive businesses, although it retained a Hold rating. Jefferies Raises Tesla Price Target
• Positive Sentiment: Tesla is expanding its Austin robotaxi fleet and showcasing the Cybercab and driver-assistance technology at the Paris Motor Show, providing potential catalysts for its autonomy strategy. Tesla Robotaxi Lands in Paris
• Neutral Sentiment: Investors are looking ahead to Tesla’s October 21 earnings report, focusing on automotive margins, profitability, capital spending and growth in energy storage and services. Tesla Q3 Earnings Preview
• Negative Sentiment: Analysts have lowered Tesla’s target as concerns grow over approximately $25 billion in planned spending and rising operating costs. The company’s very high earnings multiple also makes the stock vulnerable to weak profits or disappointing guidance. Tesla Target Lowered Over Spending
• Negative Sentiment: U.S. regulators are investigating allegations that Tesla robotaxis exceeded speed limits in active school zones, adding uncertainty to the company’s autonomous-driving rollout. Tesla Robotaxi School-Zone Investigation
• Negative Sentiment: Tesla stopped taking orders in Canada for its two least expensive China-built Model 3 variants, citing import restrictions. The move could limit access to lower-priced vehicles in an important market. Tesla Stops Canadian Model 3 Orders
• Negative Sentiment: New data suggests Cybertruck sales remain far below Elon Musk’s earlier targets, while competition from BYD, European automakers, Lucid and autonomous-driving rivals continues to challenge Tesla’s growth narrative. Cybertruck Deliveries

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.