Tesla, Inc. $TSLA Shares Acquired by First Command Advisory Services Inc.

First Command Advisory Services Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 41.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,202 shares of the electric vehicle producer’s stock after purchasing an additional 1,534 shares during the period. First Command Advisory Services Inc.’s holdings in Tesla were worth $1,846,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after buying an additional 2,761,298 shares during the period. Legal & General Group Plc acquired a new stake in Tesla in the second quarter valued at approximately $8,535,612,000. Amundi increased its holdings in shares of Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Tesla during the second quarter valued at approximately $6,083,630,000. Finally, Bamco Inc. NY raised its position in shares of Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after purchasing an additional 591,243 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $390.82 on Thursday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 429.48, a PEG ratio of 23.53 and a beta of 1.74. The company has a fifty day moving average price of $373.66 and a 200-day moving average price of $383.44.

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

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $475.00 target price (up from $450.00) on shares of Tesla in a report on Thursday, October 22nd. Roth Capital restated a “buy” rating and set a $505.00 price objective on shares of Tesla in a report on Thursday, July 23rd. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, October 21st. BNP Paribas Exane upgraded shares of Tesla from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $266.00 to $420.00 in a report on Thursday, October 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $485.00 target price on shares of Tesla in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Moderate Buy” and an average target price of $414.51.

Recent Tesla Headlines

These are some of the TSLA headlines that stood out recently:

• Neutral Sentiment: A report said Tesla’s Texas robotaxi fleet reached 1,302 registered vehicles, surpassing Waymo in that state. Fleet growth may strengthen Tesla’s autonomous-driving ambitions, but the business’s commercial potential still depends on regulatory approval and successful service expansion. TipRanks: Tesla Robotaxi Overtakes Waymo in Texas
• Negative Sentiment: Tesla’s October retail sales in China were reported to be their weakest since 2022, raising questions about demand and the company’s ability to meet year-end targets in a major market. Barron’s: Tesla’s China Sales Hit Lowest Since 2022
• Negative Sentiment: Jefferies downgraded Tesla from “strong buy” to “hold,” adding a cautious analyst signal amid concerns about the company’s outlook and valuation.

Insider Buying and Selling

In other Tesla 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 value of $938,498.78. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company’s stock.

Tesla 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.