Rep. Pete Sessions Sells Shares of Tesla, Inc. (NASDAQ:TSLA)

Representative Pete Sessions (Republican-Texas) recently sold shares of Tesla, Inc. (NASDAQ:TSLA). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Tesla stock on October 2nd. The trade occurred in the Representative’s “TRUST ONE” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Tesla Price Performance

TSLA stock opened at $404.22 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $367.47 and its 200 day simple moving average is $386.26. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 444.20, a PEG ratio of 23.62 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, analysts expect that Tesla, Inc. will post 0.70 earnings per share for the current year.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently added to or reduced their stakes in the stock. Intrua Financial LLC lifted its stake in Tesla by 6.3% in the third quarter. Intrua Financial LLC now owns 4,743 shares of the electric vehicle producer’s stock worth $1,683,000 after acquiring an additional 282 shares during the last quarter. Global Assets Advisory LLC lifted its stake in Tesla by 8.0% in the third quarter. Global Assets Advisory LLC now owns 15,141 shares of the electric vehicle producer’s stock valued at $5,743,000 after buying an additional 1,121 shares during the last quarter. Summit Global Investments raised its position in Tesla by 16.1% in the 3rd quarter. Summit Global Investments now owns 52,231 shares of the electric vehicle producer’s stock valued at $18,532,000 after purchasing an additional 7,250 shares during the last quarter. Opinicus Capital Inc. increased its holdings in shares of Tesla by 4.3% in the third quarter. Opinicus Capital Inc. now owns 2,616 shares of the electric vehicle producer’s stock valued at $928,000 after purchasing an additional 109 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its position in Tesla by 6.6% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 2,390 shares of the electric vehicle producer’s stock worth $848,000 after buying an additional 149 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. DZ Bank upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. HSBC reissued a “reduce” rating and set a $157.00 price objective on shares of Tesla in a research report on Monday, October 5th. Barclays upgraded Tesla from an “outperform” rating to an “overweight” rating and raised their target price for the company from $370.00 to $450.00 in a research note on Monday. Citizens Jmp started coverage on Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price target on shares of Tesla in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued 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 an average rating of “Moderate Buy” and a consensus price target of $414.51.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Barclays upgraded Tesla to Overweight with a $450 price target, arguing that the company’s potential extends beyond a SpaceX merger. Analysts cited electric vehicles, energy storage and Full Self-Driving subscriptions as independent growth drivers. Why Tesla’s Upside Is About More Than a SpaceX Merger
• Positive Sentiment: Optimism around robotaxis continued after Elon Musk said Tesla plans to expand service to Miami and Tampa beaches. ARK Invest also reaffirmed its highly bullish long-term price target, assigning most of Tesla’s projected future value to robotaxis. Elon Musk Says Tesla Robotaxi Expansion
• Positive Sentiment: Tesla’s battery-storage business is showing demand strength, with Megapack systems reportedly nearing a sellout through 2027. A growing battery-passport market could also benefit Tesla’s energy and compliance-related offerings. Tesla Is Nearing a Sellout of Megapack Systems
• Neutral Sentiment: Speculation about a Tesla-SpaceX merger remains a major market driver, but no transaction terms or agreement have been announced. Such a deal could provide strategic benefits while also creating dilution, governance and valuation concerns for Tesla shareholders. Elon Musk Says Merging SpaceX and Tesla Would Be a Good Idea
• Negative Sentiment: Recent positive free cash flow appears driven largely by lower-than-expected capital spending—$4.73 billion versus roughly $7.77 billion expected—rather than improved operations. Operating income reportedly fell 56% to $718 million, underscoring pressure on profitability while Tesla invests heavily in AI, robotaxis and Optimus. Tesla’s Free Cash Flow Just Turned Positive
• Negative Sentiment: Execution and regulatory concerns also weighed on sentiment: 80 Tesla drivers in South Korea reportedly face criminal referrals for unauthorized FSD activation, while commentary questioned the Roadster’s performance and the company’s ability to defend its autonomy lead against Waymo and Chinese rivals. Tesla’s extremely high earnings multiple leaves little room for disappointment. 80 Tesla Drivers Face Criminal Charges in South Korea

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s 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 transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

Tesla Company 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.