Crossmark Global Holdings Inc. Sells 13,491 Shares of Tesla, Inc. $TSLA

Crossmark Global Holdings Inc. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,430 shares of the electric vehicle producer’s stock after selling 13,491 shares during the period. Tesla comprises 0.6% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 29th biggest position. Crossmark Global Holdings Inc.’s holdings in Tesla were worth $48,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Clear Trail Advisors LLC increased its position in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after buying an additional 25 shares during the last quarter. Peirce Capital Management LLC lifted its position in shares of Tesla by 1.5% during the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after buying an additional 25 shares during the last quarter. Retirement Planning Group LLC NY lifted its position in shares of Tesla by 3.8% during the 1st quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 26 shares during the last quarter. Phillip James Consulting Co. lifted its position in shares of Tesla by 8.7% during the 1st quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 26 shares during the last quarter. Finally, Cadence Wealth Management LLC grew its stake in shares of Tesla by 4.7% during the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock worth $216,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TSLA shares. Yorkville Ives initiated coverage on Tesla in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price objective on the stock. Roth Capital reiterated a “buy” rating and set a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday. BMO Capital Markets began coverage on shares of Tesla in a research note on Monday, August 17th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $415.07.

Tesla Stock Up 3.4%

Shares of NASDAQ:TSLA opened at $386.47 on Thursday. The firm has a fifty day moving average price of $362.72 and a two-hundred day moving average price of $377.16. 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 one year low of $297.38 and a one year high of $498.83. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 357.85, a PEG ratio of 23.73 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Analysts anticipate that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Adjusted earnings beat expectations: Tesla reported third-quarter EPS of $0.48, above the $0.45 consensus estimate. Revenue of approximately $28.05 billion was broadly in line with forecasts, while vehicle deliveries rebounded and services revenue increased 33%. Reuters Tesla earnings report
• Positive Sentiment: Cash generation and future businesses provided support: Tesla ended the quarter with roughly $45.4 billion in cash and generated about $1.5 billion in free cash flow. The company also began producing Optimus humanoid robots in Fremont, while driverless Cybercab rides and robotaxi expansion reinforce the long-term artificial-intelligence investment case. Business Insider Optimus production report
• Neutral Sentiment: SpaceX merger remains a major valuation catalyst—but only a possibility: Independent committees at Tesla and SpaceX are evaluating a potential merger, and Elon Musk has called the idea attractive. However, Musk offered no substantive new information during Wednesday’s discussion, and the transaction would require shareholder approval and could involve stock issuance that dilutes Tesla investors. MarketWatch Tesla SpaceX merger update
• Negative Sentiment: Profitability deteriorated sharply: Operating income fell 56% year over year as spending on AI, robotics and autonomous driving increased. The quarter’s revenue was essentially flat, and investors remain concerned that Tesla’s premium valuation depends increasingly on future businesses rather than its core automotive operations. Business Insider Tesla profit report
• Negative Sentiment: Energy and automotive pressures persisted: Energy-segment revenue missed estimates by about 22%, regulatory-credit revenue declined 76%, and analysts highlighted delays or uncertainty around key growth products. These results are weighing more heavily than the modest EPS and revenue beats. Investor’s Business Daily Tesla energy revenue report

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction 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 completion of the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.