Tesla, Inc. $TSLA Stock: Curated Wealth Partners LLC Decreases Holdings

Curated Wealth Partners LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 99.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,891 shares of the electric vehicle producer’s stock after selling 1,314,699 shares during the period. Curated Wealth Partners LLC’s holdings in Tesla were worth $3,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp bought a new position in shares of Tesla during the 2nd quarter worth approximately $6,083,630,000. Deutsche Bank AG bought a new position in shares of Tesla during the 2nd quarter worth approximately $4,039,090,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $3,144,509,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 1.3%

Shares of NASDAQ:TSLA opened at $362.44 on Friday. 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, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The business’s 50 day simple moving average is $359.46 and its two-hundred day simple moving average is $377.06. The firm has a market cap of $1.43 trillion, a P/E ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 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 the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, research analysts forecast that Tesla, Inc. will post 0.69 EPS for the current fiscal year.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction 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 sale, the chief financial officer 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 document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSLA shares. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. BNP Paribas Exane cut their target price on shares of Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research note on Thursday, September 24th. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a report on Friday, September 25th. Finally, Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the company a “buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $412.33.

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.