Tesla, Inc. $TSLA Stock: Canvas Wealth Advisors LLC Boosts Holdings

Canvas Wealth Advisors LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,073 shares of the electric vehicle producer’s stock after acquiring an additional 3,281 shares during the quarter. Tesla accounts for about 2.0% of Canvas Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. Canvas Wealth Advisors LLC’s holdings in Tesla were worth $16,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TSLA. Legal & General Group Plc acquired a new stake in Tesla in the second quarter valued at $8,535,612,000. Bank of New York Mellon Corp purchased a new position in shares of Tesla in the second quarter valued at $6,083,630,000. Deutsche Bank AG acquired a new position in shares of Tesla during the 2nd quarter worth $4,039,090,000. Canada Pension Plan Investment Board acquired a new position in shares of Tesla during the 2nd quarter worth $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Tesla in the 2nd quarter worth about $2,995,584,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research note on Thursday, October 22nd. Mizuho upped their price target on shares of Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Robert W. Baird set a $475.00 price target on shares of Tesla in a research report on Monday, July 27th. Canaccord Genuity Group set a $442.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Truist Financial set a $370.00 price objective on Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.51.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Tesla Price Performance

TSLA stock traded up $14.53 during trading on Friday, hitting $358.22. The stock had a trading volume of 36,597,110 shares, compared to its average volume of 36,353,072. The company’s 50 day moving average price is $372.14 and its two-hundred day moving average price is $384.35. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The stock has a market cap of $1.42 trillion, a price-to-earnings ratio of 393.65, a price-to-earnings-growth ratio of 25.01 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 quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 0.67 EPS for the current fiscal 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.