Tesla, Inc. $TSLA Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 36.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,173 shares of the electric vehicle producer’s stock after selling 4,732 shares during the period. Cadent Capital Advisors LLC’s holdings in Tesla were worth $2,900,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. State Street Corp increased its stake 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 worth $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Corient Private Wealth LLC lifted its holdings in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Legal & General Group Plc purchased a new position in Tesla in the 2nd quarter valued at approximately $8,535,612,000. Amundi grew its stake in shares of Tesla by 14.0% in the first 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 in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Tesla by 14.0% in the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock worth $7,636,301,000 after acquiring an additional 2,082,813 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSLA. Roth Capital reiterated a “buy” rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $445.00 to $415.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. KeyCorp raised shares of Tesla to a “sector weight” rating in a research report on Monday, September 28th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a report on Monday, September 28th. Finally, DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $412.19.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China and European demand improved. Tesla’s China-made vehicle sales rose 5% year over year in September, accelerating from August’s 3.6% gain, while European demand showed signs of recovery. The data supports hopes that Tesla’s recent delivery rebound can continue. Reuters article on Tesla China-made EV sales
• Positive Sentiment: Europe may be moving closer to broader approval of Tesla’s assisted-driving software. Tesla replaced the “Full Self-Driving” name in Europe with “Tesla Assisted Driving” amid regulatory concerns, while Germany backed faster European Union approval. The change could reduce regulatory friction and eventually expand Tesla’s software-subscription opportunity, although approval remains unresolved. Benzinga article on Tesla’s European assisted-driving rebrand
• Positive Sentiment: Commercial vehicle and charging initiatives added to the growth narrative. Tesla secured an order for 50 Semi trucks from IMC Logistics and opened its first Pilot Megacharger site, with three additional locations planned. These developments could support Tesla’s long-term heavy-duty transportation and energy-infrastructure businesses. Business Wire article on Tesla and Pilot Megachargers
• Neutral Sentiment: Upcoming earnings remain the next major catalyst. Tesla’s third-quarter report is expected later this month. Analysts reportedly anticipate a double-digit profit decline, making automotive margins, cash spending and the performance of energy storage and AI investments more important than deliveries alone. Barchart Tesla earnings preview
• Negative Sentiment: Valuation and spending continue to concern investors. Commentary highlighted Tesla’s unusually high valuation, falling earnings and accelerating capital expenditures as risks. With the company pursuing costly AI, autonomy and semiconductor projects, weaker margins or cash flow could pressure the stock.

Tesla Stock Performance

NASDAQ:TSLA traded up $7.75 during mid-day trading on Friday, reaching $382.75. The stock had a trading volume of 27,914,555 shares, compared to its average volume of 51,231,723. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 354.40, a PEG ratio of 20.56 and a beta of 1.92. The business has a 50 day simple moving average of $354.18 and a 200 day simple moving average of $377.19.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, analysts expect that Tesla, Inc. will post 0.83 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.