Sierra Summit Advisors LLC Sells 2,487 Shares of Tesla, Inc. $TSLA

Sierra Summit Advisors LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 49,636 shares of the electric vehicle producer’s stock after selling 2,487 shares during the quarter. Tesla comprises about 3.4% of Sierra Summit Advisors LLC’s portfolio, making the stock its 3rd largest position. Sierra Summit Advisors LLC’s holdings in Tesla were worth $22,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Tesla in the second quarter valued at approximately $11,839,824,000. Vanguard Group Inc. lifted its stake in Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi boosted its holdings in shares of Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after acquiring an additional 3,422,270 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after acquiring an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 1.5%

TSLA opened at $402.51 on Friday. The company has a market cap of $1.51 trillion, a PE ratio of 372.69, a price-to-earnings-growth ratio of 14.33 and a beta of 1.86. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The company has a 50-day moving average price of $433.46 and a 200 day moving average price of $420.98. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the business earned $0.73 EPS. Tesla’s quarterly revenue was down 3.1% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla says FSD and Cybercab could roll out in Europe soon and Elon Musk has flagged Optimus/Cybercab production at the German factory — a regulatory approval or tangible European launch would be a material growth catalyst. Elon Musk: Tesla FSD Coming To Europe, Alongside Cybercab, Optimus Production
• Positive Sentiment: Commercial energy business wins: Tesla Megapack will power a 400MW AI data‑center campus in Brazil — strengthens non‑auto revenue pipeline and recurring project opportunities. Tesla’s Megapack Will Power 400MW AI Data Center in Brazil
• Positive Sentiment: Tesla preparing to bring the Semi truck to Europe — expansion of commercial vehicle market could add revenue optionality beyond passenger EVs. Tesla (TSLA) Is Getting Ready to Bring Its All-Electric Semi Truck to Europe
• Neutral Sentiment: Labor noise eased in Germany after a truce with unions — reduces near‑term operational disruption risk at Giga Berlin but doesn’t change demand/technology concerns. German union says settlement reached dispute with Tesla
• Negative Sentiment: Victor Nechita, program manager for Cybercab, announced his departure — investors view this as execution risk for the robo‑taxi initiative and it has pressured the stock. Tesla Stock Slips After Cybercab Chief Exits Ahead of Robo-Taxi Launch
• Negative Sentiment: China demand softening: delivery lead times collapsed to 1–3 weeks and Tesla extended financing offers again — signals inventory/pricing pressure and intensifying competition in its largest market. Tesla (TSLA) China delivery times collapse to 1-3 weeks as it extends financing again
• Negative Sentiment: Regulatory and legal headwinds: Tesla sued the California DMV over alleged false advertising around FSD/Autopilot — increases litigation risk and highlights regulatory scrutiny of its autonomy claims. Elon Musk’s Tesla Sues California DMV Following False Advertising Row Around FSD, Autopilot
• Negative Sentiment: Robotaxi progress questioned: multiple reports say Tesla has logged zero California test miles for commercial robotaxis, no major US permits, and safety metrics that have drawn scrutiny — this undermines the premium valuation narrative tied to future robotaxi revenue. Musk touts California robotaxis; Tesla does nothing to get permits

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSLA shares. JPMorgan Chase & Co. decreased their price objective on Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a report on Friday, January 30th. William Blair restated a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Dbs Bank raised shares of Tesla to a “hold” rating in a research note on Wednesday, November 5th. BNP Paribas Exane boosted their target price on shares of Tesla from $307.00 to $313.00 in a research note on Monday, December 1st. Finally, UBS Group increased their price target on shares of Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a report on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $408.09.

Insider Transactions at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the sale, the director directly owned 19,669 shares of the company’s stock, valued at $8,173,649.64. The trade was a 56.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 145,188 shares of company stock valued at $64,193,919 over the last ninety days. Company insiders own 19.90% of the company’s stock.

Tesla Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.