Tesla, Inc. $TSLA Position Raised by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 20.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,251 shares of the electric vehicle producer’s stock after buying 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.

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

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 company insiders.

Key Headlines Impacting Tesla

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen downgraded Tesla from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Stifel Nicolaus set a $475.00 price target on shares of Tesla in a research report on Thursday, October 22nd. Tigress Financial started coverage on shares of Tesla in a research note on Thursday, October 22nd. They issued a “buy” rating for the company. KeyCorp raised shares of Tesla to a “sector weight” rating in a report on Monday, September 28th. Finally, TD Cowen initiated coverage on shares of Tesla in a research note on Monday, October 26th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Moderate Buy” and an average price target of $414.51.

Tesla Price Performance

NASDAQ TSLA opened at $378.05 on Tuesday. The stock has a 50-day simple moving average of $372.73 and a 200 day simple moving average of $384.08. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The stock has a market capitalization of $1.49 trillion, a PE ratio of 415.44, a P/E/G ratio of 23.86 and a beta of 1.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74.

Tesla (NASDAQ:TSLA) last released its earnings results 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 firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Research analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current year.

Tesla Company Profile

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.