1,599 Tesla, Inc. $TSLA Shares Sold by Victory Financial Group LLC

Victory Financial Group LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,823 shares of the electric vehicle producer’s stock after selling 1,599 shares during the quarter. Victory Financial Group LLC’s holdings in Tesla were worth $5,259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSLA. Mount Vernon Associates Inc. MD boosted its position in Tesla by 1.8% in the third quarter. Mount Vernon Associates Inc. MD now owns 5,745 shares of the electric vehicle producer’s stock worth $2,038,000 after purchasing an additional 100 shares during the last quarter. Great Lakes Retirement Inc. grew its stake in Tesla by 5.7% in the 3rd quarter. Great Lakes Retirement Inc. now owns 971 shares of the electric vehicle producer’s stock valued at $344,000 after purchasing an additional 52 shares during the period. Busey Bank grew its stake in Tesla by 3.1% in the 3rd quarter. Busey Bank now owns 19,894 shares of the electric vehicle producer’s stock valued at $7,059,000 after purchasing an additional 601 shares during the period. Generali Asset Management SPA SGR increased its position in shares of Tesla by 4.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 246,452 shares of the electric vehicle producer’s stock valued at $87,444,000 after purchasing an additional 11,227 shares during the last quarter. Finally, Jacobsen Capital Management increased its position in shares of Tesla by 3.3% during the 3rd quarter. Jacobsen Capital Management now owns 5,933 shares of the electric vehicle producer’s stock valued at $2,105,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger speculation and analyst upgrade: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450, citing the potential strategic and financial benefits of combining Tesla with SpaceX. However, the companies have not agreed to merger terms, and independent committees are still evaluating the idea. Tesla Stock Surges After Barclays Upgrade on Hopes of a SpaceX Merger
• Positive Sentiment: Robotaxi momentum: Texas DMV data shows 1,051 Tesla vehicles authorized for robotaxi use, including 544 Cybercabs. Management also says the Cybercab factory can produce vehicles faster than Tesla can deploy them, suggesting manufacturing capacity may not be the immediate constraint. Cybercabs Overtake Model Ys in Texas Robotaxi Fleet
• Positive Sentiment: Autonomy and technology catalysts: Tesla is using LFP batteries for Cybercabs, expanding supervised driving approval in Europe and promoting Full Self-Driving through a Turo rental partnership. ARK Invest reiterated a $4,400 long-term target, assigning most of its projected 2031 enterprise value to robotaxis. Tesla Moves to Future-Proof Cybercabs with LFP Battery Technology
• Positive Sentiment: Energy and per-vehicle improvements: Tesla’s Megapack systems are reportedly nearly sold out through 2027, while third-quarter per-car metrics indicated modest cost improvement and continued pricing power.
• Neutral Sentiment: Merger remains uncertain: A SpaceX-Tesla deal could improve access to chips, AI, satellite connectivity and capital, but the transaction could also leave Tesla shareholders as the junior partner and dilute their ownership. Tesla Shareholders Might Be the Junior Partner
• Negative Sentiment: Profitability and valuation risks: Tesla’s reported profit fell sharply, with operating income down 56% year over year, while heavy spending on autonomy and robotics pressures margins. Critics also note that free cash flow benefited from approximately $1.9 billion in slower supplier payments, and the stock’s valuation leaves little room for execution setbacks.
• Negative Sentiment: Product concerns: Cybertruck demand has underperformed expectations, and Tesla reportedly canceled plans to offer the vehicle in two countries, adding to concerns about the traditional automotive business.

Tesla Stock Performance

Shares of Tesla stock opened at $407.46 on Wednesday. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The stock’s 50-day simple moving average is $366.12 and its 200 day simple moving average is $386.42. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 447.76 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 0.70 EPS for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s 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 completion of the transaction, the chief financial officer directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. CLSA reiterated an “underperform” rating on shares of Tesla in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $485.00 price target on shares of Tesla in a research report on Monday, October 19th. Yorkville Ives began coverage on shares of Tesla in a report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 price objective for the company. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday, October 21st. Finally, Mizuho lifted their price objective on shares of Tesla from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $411.04.

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.