Western Financial Corp CA Sells 2,965 Shares of Tesla, Inc. $TSLA

Western Financial Corp CA decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,434 shares of the electric vehicle producer’s stock after selling 2,965 shares during the period. Western Financial Corp CA’s holdings in Tesla were worth $1,218,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSLA. Mezzasalma Advisors LLC increased its stake in Tesla by 10.7% in the 3rd quarter. Mezzasalma Advisors LLC now owns 73,627 shares of the electric vehicle producer’s stock valued at $25,998,000 after buying an additional 7,101 shares during the last quarter. Tenon Financial LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $668,000. Fortress Financial Solutions LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $786,000. Triumph Capital Management grew its holdings in shares of Tesla by 1.4% in the third quarter. Triumph Capital Management now owns 4,606 shares of the electric vehicle producer’s stock valued at $1,634,000 after acquiring an additional 65 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its holdings in shares of Tesla by 10.5% in the third quarter. Sanders Morris Harris LLC now owns 8,491 shares of the electric vehicle producer’s stock valued at $3,135,000 after acquiring an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction 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 sale, 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 SEC, which is available through 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 owned by corporate insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of several research analyst reports. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Jefferies Financial Group restated a “hold” rating and issued a $400.00 price objective (up from $350.00) on shares of Tesla in a research note on Monday. KeyCorp raised Tesla to a “sector weight” rating in a research report on Monday, September 28th. Morgan Stanley reiterated a “reduce” rating on shares of Tesla in a research note on Monday, September 14th. Finally, Citigroup reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $412.33.

Tesla Trading Down 2.2%

Shares of TSLA stock opened at $367.16 on Thursday. The company has a 50 day moving average of $358.60 and a 200-day moving average of $377.05. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a market cap of $1.45 trillion, a P/E ratio of 339.97, a PEG ratio of 24.37 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Sell-side analysts anticipate that Tesla, Inc. will post 0.69 earnings per share for the current year.

Tesla Company Profile

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.