Patriot Investment Management Group Inc. Acquires 28,586 Shares of Tesla, Inc. $TSLA

Patriot Investment Management Group Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 694.8% during the third quarter, Holdings Channel.com reports. The fund owned 32,700 shares of the electric vehicle producer’s stock after acquiring an additional 28,586 shares during the period. Tesla accounts for 0.7% of Patriot Investment Management Group Inc.’s investment portfolio, making the stock its 25th largest holding. Patriot Investment Management Group Inc.’s holdings in Tesla were worth $11,602,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Milestone Asset Management LLC lifted its stake in Tesla by 1.1% in the 3rd quarter. Milestone Asset Management LLC now owns 8,039 shares of the electric vehicle producer’s stock valued at $2,852,000 after buying an additional 89 shares in the last quarter. NFSG Corp increased its position in Tesla by 4.8% during the third quarter. NFSG Corp now owns 27,620 shares of the electric vehicle producer’s stock worth $9,800,000 after buying an additional 1,266 shares in the last quarter. Activest Wealth Management increased its position in Tesla by 2.0% during the third quarter. Activest Wealth Management now owns 11,027 shares of the electric vehicle producer’s stock worth $3,913,000 after buying an additional 218 shares in the last quarter. White Pine Investment CO increased its position in Tesla by 60.6% during the third quarter. White Pine Investment CO now owns 1,142 shares of the electric vehicle producer’s stock worth $405,000 after buying an additional 431 shares in the last quarter. Finally, Columbia Advisory Partners LLC raised its holdings in shares of Tesla by 20.5% in the third quarter. Columbia Advisory Partners LLC now owns 945 shares of the electric vehicle producer’s stock worth $335,000 after acquiring an additional 161 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reiterated a “reduce” rating on shares of Tesla in a research report on Monday, September 14th. BMO Capital Markets initiated coverage on shares of Tesla in a report on Monday, August 17th. They issued an “outperform” rating on the stock. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a report on Monday, September 28th. Finally, Roth Capital reissued a “buy” rating and issued a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $412.33.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the 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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 currently owned by insiders.

Tesla Trading Down 2.1%

Tesla stock traded down $7.72 during trading on Friday, hitting $354.72. The company’s stock had a trading volume of 61,828,226 shares, compared to its average volume of 33,965,432. The stock’s fifty day moving average is $359.98 and its 200 day moving average is $376.90. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 328.45, a P/E/G ratio of 23.53 and a beta of 1.92. 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 (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 0.69 EPS for the current year.

Tesla 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.