Tesla, Inc. $TSLA Stock: Generali Asset Management SPA SGR Raises Holdings

Generali Asset Management SPA SGR boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 246,452 shares of the electric vehicle producer’s stock after acquiring an additional 11,227 shares during the quarter. Tesla makes up approximately 1.5% of Generali Asset Management SPA SGR’s holdings, making the stock its 15th biggest holding. Generali Asset Management SPA SGR’s holdings in Tesla were worth $87,444,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bamco Inc. NY lifted its stake in Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after buying an additional 591,243 shares during the period. One Plus One Wealth Management LLC acquired a new position in shares of Tesla in the second quarter valued at approximately $1,009,000. Bessemer Group Inc. boosted its stake in Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after purchasing an additional 10,747 shares during the period. H&H International Investment LLC bought a new position in shares of Tesla during the first quarter worth about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Tesla by 12.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock worth $15,470,000 after acquiring an additional 4,806 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger speculation and analyst upgrade: Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target from $370 to $450, citing the potential strategic and financial benefits of combining Tesla with SpaceX. However, the companies have not agreed to merger terms, and independent committees are still evaluating the idea. Tesla Stock Surges After Barclays Upgrade on Hopes of a SpaceX Merger
• Positive Sentiment: Robotaxi momentum: Texas DMV data shows 1,051 Tesla vehicles authorized for robotaxi use, including 544 Cybercabs. Management also says the Cybercab factory can produce vehicles faster than Tesla can deploy them, suggesting manufacturing capacity may not be the immediate constraint. Cybercabs Overtake Model Ys in Texas Robotaxi Fleet
• Positive Sentiment: Autonomy and technology catalysts: Tesla is using LFP batteries for Cybercabs, expanding supervised driving approval in Europe and promoting Full Self-Driving through a Turo rental partnership. ARK Invest reiterated a $4,400 long-term target, assigning most of its projected 2031 enterprise value to robotaxis. Tesla Moves to Future-Proof Cybercabs with LFP Battery Technology
• Positive Sentiment: Energy and per-vehicle improvements: Tesla’s Megapack systems are reportedly nearly sold out through 2027, while third-quarter per-car metrics indicated modest cost improvement and continued pricing power.
• Neutral Sentiment: Merger remains uncertain: A SpaceX-Tesla deal could improve access to chips, AI, satellite connectivity and capital, but the transaction could also leave Tesla shareholders as the junior partner and dilute their ownership. Tesla Shareholders Might Be the Junior Partner
• Negative Sentiment: Profitability and valuation risks: Tesla’s reported profit fell sharply, with operating income down 56% year over year, while heavy spending on autonomy and robotics pressures margins. Critics also note that free cash flow benefited from approximately $1.9 billion in slower supplier payments, and the stock’s valuation leaves little room for execution setbacks.
• Negative Sentiment: Product concerns: Cybertruck demand has underperformed expectations, and Tesla reportedly canceled plans to offer the vehicle in two countries, adding to concerns about the traditional automotive business.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company’s stock.

Tesla Stock Up 4.0%

Shares of TSLA stock opened at $407.46 on Wednesday. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 447.76 and a beta of 1.92. The stock’s fifty day simple moving average is $366.12 and its 200 day simple moving average is $386.42. Tesla, Inc. has a twelve month low of $297.38 and a twelve 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 analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 0.70 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSLA shares. Tigress Financial assumed coverage on Tesla in a research report on Thursday, October 22nd. They issued a “buy” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $475.00 price objective (up from $450.00) on shares of Tesla in a research report on Thursday, October 22nd. Wall Street Zen cut Tesla from a “hold” rating to a “sell” rating in a report on Saturday. Oppenheimer started coverage on shares of Tesla in a report on Thursday, October 22nd. They issued an “outperform” rating for the company. Finally, Yorkville Ives assumed coverage on Tesla in a research report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $411.04.

About Tesla

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.