Tesla, Inc. $TSLA Stock Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 20.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,251 shares of the electric vehicle producer’s stock after purchasing an additional 2,042 shares during the period. Kestra Investment Management LLC’s holdings in Tesla were worth $4,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares during the period. Legal & General Group Plc purchased a new stake in Tesla in the 2nd quarter worth about $8,535,612,000. Amundi boosted its position in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after acquiring an additional 2,727,141 shares during the period. Bank of New York Mellon Corp acquired a new stake in Tesla during the 2nd quarter worth about $6,083,630,000. Finally, Bamco Inc. NY grew its stake in Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $378.05 on Tuesday. The business’s 50-day moving average price is $372.73 and its two-hundred day moving average price is $384.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company has a market capitalization of $1.49 trillion, a P/E ratio of 415.44, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Royal Bank Of Canada downgraded Tesla from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 22nd. Barclays upgraded shares of Tesla from an “outperform” rating to an “overweight” rating and raised their price target for the stock from $370.00 to $450.00 in a report on Monday, October 26th. Morgan Stanley raised shares of Tesla from a “reduce” rating to an “overweight” rating in a research report on Monday, October 26th. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $266.00 to $420.00 in a research report on Thursday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Tesla in a research note on Monday, October 26th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.51.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding robotaxi service to San Antonio, its fourth Texas market, and has enlarged the Austin service area. The rollout supports the investment case that autonomous rides could become a significant growth business. Tesla expands robotaxi service to San Antonio
• Positive Sentiment: Musk says Cybertruck orders exceed what Tesla can produce before the line is repurposed for Cybercab. Some investors may view the move as prioritizing a potentially larger robotaxi opportunity, although the production cutoff also carries risks. Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says
• Neutral Sentiment: Shares also benefited from a broader rebound in growth stocks, so the move was not solely driven by Tesla-specific developments. Tesla rises despite Cybertruck refund warning
• Negative Sentiment: Cybertruck production is expected to end around mid-2027, and Tesla says it will refund many reservation deposits it cannot fulfill. The pivot may sacrifice vehicle sales and risks disappointing customers, despite the reported backlog. Musk says Tesla must refund Cybertruck deposits
• Negative Sentiment: Tesla’s retail sales in China fell to their lowest level since July 2022, raising concerns about demand in a key market even as overall China sales reportedly increased. Tesla China sales report
• Negative Sentiment: Valuation-focused commentary warned that Tesla’s forward P/E leaves little room for execution setbacks, while political and regulatory uncertainty could weigh on growth plans. Tesla valuation warning

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 corporate insiders.

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.