Tesla, Inc. $TSLA Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in Tesla, Inc. (NASDAQ:TSLA) by 18.5% during the third quarter, Holdings Channel reports. The institutional investor owned 42,157 shares of the electric vehicle producer’s stock after selling 9,600 shares during the quarter. King Luther Capital Management Corp’s holdings in Tesla were worth $14,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLA. Spectrum Planning & Advisory Services Inc. grew its position in Tesla by 34.0% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 1,571 shares of the electric vehicle producer’s stock valued at $557,000 after buying an additional 399 shares during the period. Bingham Private Wealth LLC grew its holdings in Tesla by 5.7% in the third quarter. Bingham Private Wealth LLC now owns 2,901 shares of the electric vehicle producer’s stock valued at $1,029,000 after purchasing an additional 157 shares during the period. Maryland State Retirement & Pension System grew its holdings in Tesla by 13.7% in the third quarter. Maryland State Retirement & Pension System now owns 178,617 shares of the electric vehicle producer’s stock valued at $63,375,000 after purchasing an additional 21,498 shares during the period. UNIVEST FINANCIAL Corp increased its position in shares of Tesla by 8.7% in the third quarter. UNIVEST FINANCIAL Corp now owns 7,507 shares of the electric vehicle producer’s stock valued at $2,664,000 after buying an additional 599 shares in the last quarter. Finally, NBH Bank increased its position in shares of Tesla by 18.6% in the third quarter. NBH Bank now owns 3,887 shares of the electric vehicle producer’s stock valued at $1,379,000 after buying an additional 610 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSLA. Yorkville Ives started coverage on Tesla in a research report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 target price on the stock. Jefferies Financial Group lowered shares of Tesla from a “strong-buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company restated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Wall Street Zen downgraded shares of Tesla from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Finally, Robert W. Baird set a $475.00 target price on shares of Tesla in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Moderate Buy” and an average target price of $414.51.

Recent Tesla Headlines

Here are a few of the latest headlines about TSLA:

• Positive Sentiment: Progress in autonomy offers another potential growth narrative: Finland approved Tesla’s assisted-driving system, adding to the countries permitting it ahead of a broader EU decision. Tesla also says its Robotaxi service now runs around the clock in active cities, and reports say its registered Texas fleet has surpassed Waymo’s. Commercial scale and profitability have yet to be demonstrated. Article: Finland approves Tesla’s Assisted Driving system Article: Tesla Robotaxi 24/7 operations
• Neutral Sentiment: Tesla plans to wind down Cybertruck production by summer 2027 and shift Texas capacity toward Cybercab, while CEO Elon Musk says production will continue to address the existing backlog. The pivot could free resources for autonomy, but its payoff depends on Cybercab execution and demand. Article: Tesla’s Plan to End Cybertruck Reveals Its Real Priorities
• Negative Sentiment: Bearish commentary points to Tesla’s rich valuation and limited near-term profit growth. A separate report says Musk’s proposed chip-building ambitions could require enormous investment—potentially beyond Tesla’s cash-flow capacity—raising questions about funding and returns. Article: Tesla valuation downgrade Article: Musk’s chip plan and Tesla cash flow

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s 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 completion of the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Tesla Trading Up 1.7%

Shares of TSLA stock opened at $397.45 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. The stock’s fifty day moving average is $374.47 and its two-hundred day moving average is $383.25. The firm has a market capitalization of $1.57 trillion, a P/E ratio of 436.76, a PEG ratio of 24.21 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Research analysts expect that Tesla, Inc. will post 0.67 earnings per share 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.