3,055 Tesla, Inc. $TSLA Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its position in Tesla, Inc. (NASDAQ:TSLA) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 89,254 shares of the electric vehicle producer’s stock after purchasing an additional 3,055 shares during the period. Tesla comprises 0.8% of Wedbush Securities Inc.’s holdings, making the stock its 15th biggest position. Wedbush Securities Inc.’s holdings in Tesla were worth $31,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its position in shares of Tesla by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 62,347 shares of the electric vehicle producer’s stock valued at $22,121,000 after purchasing an additional 2,838 shares in the last quarter. Kennebec Savings Bank lifted its position in Tesla by 39.5% during the third quarter. Kennebec Savings Bank now owns 2,675 shares of the electric vehicle producer’s stock worth $949,000 after buying an additional 758 shares in the last quarter. Christensen King & Associates Investment Services Inc. lifted its position in Tesla by 4.3% during the third quarter. Christensen King & Associates Investment Services Inc. now owns 674 shares of the electric vehicle producer’s stock worth $239,000 after buying an additional 28 shares in the last quarter. Opulen Financial Group LLC boosted its stake in Tesla by 6.6% during the third quarter. Opulen Financial Group LLC now owns 1,463 shares of the electric vehicle producer’s stock worth $519,000 after buying an additional 90 shares during the last quarter. Finally, TSA Wealth Managment LLC boosted its stake in Tesla by 3.0% during the third quarter. TSA Wealth Managment LLC now owns 3,403 shares of the electric vehicle producer’s stock worth $1,207,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 0.6%

Shares of NASDAQ:TSLA opened at $372.22 on Friday. The business has a 50-day moving average price of $364.01 and a 200 day moving average price of $377.22. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 409.04, a PEG ratio of 23.63 and a beta of 1.92. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the previous year, the firm earned $0.50 EPS. Tesla’s revenue was down .2% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

TSLA has been the subject of several analyst reports. Stifel Nicolaus set a $475.00 target price on Tesla in a report on Thursday. Truist Financial set a $370.00 price target on Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $266.00 to $420.00 in a research report on Thursday. Canaccord Genuity Group set a $442.00 price target on shares of Tesla and gave the company a “buy” rating in a research report on Thursday. Finally, Yorkville Ives assumed coverage on shares of Tesla in a report on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $408.61.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. 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. 19.90% of the stock is currently owned by company insiders.

Tesla Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.