Tesla, Inc. $TSLA Holdings Cut by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 78.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,233 shares of the electric vehicle producer’s stock after selling 4,562 shares during the period. Tesla makes up 0.7% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 29th biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Tesla were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA acquired a new position in Tesla in the 2nd quarter valued at $25,000. Friedenthal Financial raised its holdings in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Harborfront Financial Group LLC purchased a new position in Tesla during the second quarter worth about $34,000. Montgomery Financial Services LLC acquired a new stake in Tesla in the second quarter valued at about $40,000. Finally, Lam Group Inc. acquired a new stake in Tesla in the first quarter valued at about $37,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Tesla stock traded down $8.40 during midday trading on Wednesday, reaching $366.83. 17,257,758 shares of the company were exchanged, compared to its average volume of 50,789,227. The company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 340.08, a P/E/G ratio of 23.17 and a beta of 1.92. The firm’s 50-day simple moving average is $357.69 and its 200-day simple moving average is $377.09. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Tesla from a “neutral” rating to a “buy” rating in a research report on Monday, October 5th. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Friday, September 25th. BNP Paribas Exane decreased their price target on Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research note on Thursday, September 24th. Cantor Fitzgerald restated an “overweight” rating on shares of Tesla in a research note on Monday, September 28th. Finally, Mizuho set a $450.00 price target on Tesla and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $412.33.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value 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 trade represents a 9.12% decrease in their position. The sale 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. Company insiders own 19.90% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster reveal returns Thursday. Tesla has rescheduled its delayed next-generation Roadster event for Oct. 15, with Elon Musk teasing possible SpaceX-powered features and “Back to the Future” references. The event could support the growth and technology narrative if Tesla provides credible production details. Tesla’s Roadster event is back on for Thursday night
• Positive Sentiment: Energy and commercial charging opportunities are expanding. Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. Separately, California laws supporting virtual power plants could benefit Tesla’s energy-storage business by increasing opportunities to aggregate batteries and help stabilize the grid. Pilot and Tesla open first Megacharger site
• Neutral Sentiment: Investors are focused on the Oct. 21 earnings report. Tesla’s third-quarter deliveries exceeded analyst expectations sequentially, but remained below the prior year. Analysts expect pressure on automotive revenue and margins, while energy storage, services, robotaxi progress and capital spending will be key areas of scrutiny. Tesla to post Q3 earnings
• Negative Sentiment: High spending and execution risk are weighing on the valuation. Analysts warn that Tesla’s expected capital expenditures above $25 billion could rise further if it proceeds with the Terafab artificial-intelligence chip project. Building a semiconductor factory would require substantial expertise and years of execution, while Tesla already trades at a valuation that assumes significant success from AI, robotics and autonomy. Tesla valuation and Terafab analysis
• Negative Sentiment: Robotaxi and Roadster claims face skepticism. Reports of FAA interest in the proposed “flying Roadster,” along with investigations into alleged robotaxi speeding in school zones, add regulatory uncertainty. The concerns could undermine confidence in Tesla’s autonomy-led growth story, particularly ahead of earnings. Tesla stock and FAA scrutiny

Tesla Profile

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.