Tesla, Inc. $TSLA Stock Holdings Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 150,447 shares of the electric vehicle producer’s stock after selling 2,853 shares during the quarter. Tesla comprises 0.6% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 19th biggest position. Illinois Municipal Retirement Fund’s holdings in Tesla were worth $53,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northbridge Financial Group LLC lifted its position in Tesla by 12.6% during the third quarter. Northbridge Financial Group LLC now owns 11,011 shares of the electric vehicle producer’s stock worth $4,192,000 after acquiring an additional 1,228 shares during the last quarter. Brooklyn FI LLC grew its position in shares of Tesla by 172.4% in the third quarter. Brooklyn FI LLC now owns 2,239 shares of the electric vehicle producer’s stock valued at $862,000 after purchasing an additional 1,417 shares during the last quarter. Philadelphia Trust Co. grew its position in shares of Tesla by 56.8% in the third quarter. Philadelphia Trust Co. now owns 5,521 shares of the electric vehicle producer’s stock valued at $1,959,000 after purchasing an additional 2,000 shares during the last quarter. Moneco Advisors LLC grew its position in shares of Tesla by 3.9% in the third quarter. Moneco Advisors LLC now owns 13,434 shares of the electric vehicle producer’s stock valued at $4,766,000 after purchasing an additional 502 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Tesla by 4.6% during the third quarter. Cornerstone Wealth Management LLC now owns 19,602 shares of the electric vehicle producer’s stock worth $6,955,000 after purchasing an additional 870 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Tigress Financial initiated coverage on Tesla in a report on Thursday, October 22nd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Tesla in a report on Monday, October 26th. They issued a “buy” rating on the stock. Roth Capital reiterated a “buy” rating and set a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. TD Cowen initiated coverage on Tesla in a report on Monday, October 26th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a report on Thursday, October 22nd. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $414.51.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding its robotaxi service to San Antonio, adding another Texas market as it seeks to build a business beyond vehicle sales. Tesla expands robotaxi service to San Antonio
• Positive Sentiment: A report said Tesla attracted $96.8 million in ETF capital, which may provide some support for shares, although ETF flows do not necessarily reflect a change in the company’s fundamentals. Tesla pulls in ETF capital
• Neutral Sentiment: Tesla has started work on a proposed $10 billion solar factory near Houston, a potentially significant expansion into solar manufacturing, but one that also entails substantial investment and execution risk. Tesla’s Project Crystal Sun
• Neutral Sentiment: A hedge fund has urged Tesla and SpaceX to combine, but this is an outside proposal—not confirmation that a merger will happen. Any potential effect on Tesla shareholders remains uncertain. Sargasso Capital Management’s Project Kepler
• Negative Sentiment: Tesla’s October retail sales in China reportedly fell to their lowest level since 2022, raising concerns about demand in a key market and the company’s year-end sales targets. Tesla’s China sales hit lowest since 2022
• Negative Sentiment: Elon Musk says Cybertruck production is expected to end in about eight months so capacity can be redirected to Cybercab, with many reservation holders due refunds. The pivot may advance Tesla’s autonomy ambitions, but it also highlights the uncertainty around Cybertruck production and customer orders. Tesla Cybertruck is EV pickup market’s latest casualty
• Negative Sentiment: A Tesla shareholder warned that political and regulatory opposition could hinder autonomous-vehicle deployment, putting a central part of the company’s growth narrative at risk. Autonomy faces potential political risk

Insiders Place Their Bets

In other Tesla 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 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 $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

Tesla Stock Up 0.5%

Shares of TSLA opened at $379.78 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm’s 50 day moving average is $372.97 and its 200-day moving average is $383.73. The stock has a market capitalization of $1.50 trillion, a PE ratio of 417.35, a P/E/G ratio of 23.42 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating 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 for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.

Tesla Company Profile

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.