Tesla, Inc. $TSLA Stock Purchased by Plancorp LLC

Plancorp LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,445 shares of the electric vehicle producer’s stock after purchasing an additional 1,690 shares during the quarter. Plancorp LLC’s holdings in Tesla were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. May Hill Capital LLC increased its holdings in shares of Tesla by 11.0% in the 3rd quarter. May Hill Capital LLC now owns 4,880 shares of the electric vehicle producer’s stock worth $1,731,000 after acquiring an additional 483 shares during the period. Keyes Stange & Wooten Wealth Management LLC boosted its stake in Tesla by 8.7% during the 3rd quarter. Keyes Stange & Wooten Wealth Management LLC now owns 663 shares of the electric vehicle producer’s stock valued at $235,000 after purchasing an additional 53 shares during the period. Cannon Capital Management Inc. bought a new position in Tesla in the 3rd quarter worth about $200,000. Ashton Thomas Private Wealth LLC grew its position in Tesla by 2.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 22,392 shares of the electric vehicle producer’s stock worth $7,945,000 after purchasing an additional 546 shares during the last quarter. Finally, Canvas Wealth Advisors LLC increased its stake in shares of Tesla by 7.7% in the third quarter. Canvas Wealth Advisors LLC now owns 46,073 shares of the electric vehicle producer’s stock valued at $16,347,000 after purchasing an additional 3,281 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by corporate insiders.

Tesla News Summary

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSLA shares. Roth Capital reiterated a “buy” rating and set a $505.00 price objective on shares of Tesla in a research report on Thursday, July 23rd. Morgan Stanley raised Tesla from a “reduce” rating to an “overweight” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. boosted their price target on Tesla from $415.00 to $430.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Barclays raised Tesla from an “outperform” rating to an “overweight” rating and raised their price target for the company from $370.00 to $450.00 in a report on Monday, October 26th. Finally, CLSA reissued an “underperform” rating on shares of Tesla in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $14.53 during mid-day trading on Friday, reaching $358.22. 36,597,110 shares of the company traded hands, compared to its average volume of 36,353,072. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a market cap of $1.42 trillion, a PE ratio of 393.65, a price-to-earnings-growth ratio of 25.01 and a beta of 1.74. The stock has a fifty day simple moving average of $372.14 and a 200-day simple moving average of $384.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Equities research analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

About Tesla

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.