5,335 Tesla, Inc. $TSLA Shares Purchased by Westside Investment Management Inc.

Westside Investment Management Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA) by 137.5% during the third quarter, HoldingsChannel.com reports. The firm owned 9,214 shares of the electric vehicle producer’s stock after buying an additional 5,335 shares during the quarter. Westside Investment Management Inc.’s holdings in Tesla were worth $3,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA acquired a new stake in Tesla in the 2nd quarter valued at approximately $25,000. Harborfront Financial Group LLC acquired a new position in Tesla during the 2nd quarter worth approximately $34,000. Montgomery Financial Services LLC acquired a new position in Tesla during the 2nd quarter worth approximately $40,000. Timbuktu Capital Management LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $42,000. Finally, Navigoe LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $45,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Down 10.8%

Shares of Tesla stock opened at $343.69 on Friday. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The stock has a market cap of $1.36 trillion, a P/E ratio of 377.69, a P/E/G ratio of 23.86 and a beta of 1.74. 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 business’s 50 day moving average is $372.07 and its 200-day moving average is $384.65.

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. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
• Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
• Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
• Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
• Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. Yorkville Ives began coverage on shares of Tesla in a research report on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price objective on the stock. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating and raised their target price for the company from $266.00 to $420.00 in a research report on Thursday, October 22nd. Morgan Stanley upgraded shares of Tesla from a “reduce” rating to an “overweight” rating in a research note on Monday, October 26th. Royal Bank Of Canada cut shares of Tesla from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 22nd. Finally, Roth Capital restated a “buy” rating and set a $505.00 price objective on shares of Tesla in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $414.51.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.