MFG Investments LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,359 shares of the electric vehicle producer’s stock, valued at approximately $482,000.
A number of other hedge funds also recently added to or reduced their stakes in TSLA. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $25,000. Harborfront Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at approximately $34,000. Montgomery Financial Services LLC purchased a new position in Tesla during the second quarter valued at approximately $40,000. Timbuktu Capital Management LLC purchased a new position in Tesla during the second quarter valued at approximately $42,000. Finally, Navigoe LLC purchased a new position in Tesla during the second quarter valued at approximately $45,000. 66.20% of the stock is owned by hedge funds and other institutional investors.
Tesla Stock Performance
Shares of TSLA stock opened at $398.50 on Wednesday. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 437.92, 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 current ratio of 1.74 and a quick ratio of 1.39. The business has a fifty day moving average of $371.42 and a 200 day moving average of $385.39. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, research analysts expect that Tesla, Inc. will post 0.67 earnings per share for the current year.
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by insiders.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: European registrations rebounded. October registrations rose sharply in several Northern European markets, including 248% year over year in Sweden and 131% in Norway, alongside gains in other European countries. The data may support hopes of a sales recovery. Tesla registrations surge across Northern Europe in October
- Positive Sentiment: Substantial electric-truck demand: a shipper alliance reportedly ordered 2,500 Tesla Semi trucks, a potentially meaningful commercial opportunity if deliveries and adoption follow through. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
- Neutral Sentiment: Robotaxi expansion: Tesla’s service is set to reach Fort Worth, extending its footprint. The longer-term stock impact depends on customer uptake, operating economics and regulatory progress. Robotaxi Service Hits Fort Worth
- Negative Sentiment: China sales data were mixed, with a concerning sequential trend. China-made EV sales increased 10.3% year over year in October, but wholesale sales fell from September to their second-lowest level of 2026, raising concerns about demand and competition in a key market. Tesla’s China Wholesale Sales Sink Sequentially in October
- Negative Sentiment: South Korean consumer group alleges Tesla misled customers about its automated-driving technology. The claim could bring reputational or regulatory risk; it is an allegation, not a reported finding. Tesla misled South Korean customers, consumer group alleges
Wall Street Analysts Forecast Growth
TSLA has been the subject of a number of analyst reports. Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating for the company. Morgan Stanley upgraded Tesla from a “reduce” rating to an “overweight” rating in a report on Monday, October 26th. Yorkville Ives began coverage on Tesla in a report on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Tesla in a research report on Monday, October 26th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada cut Tesla from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $414.51.
Check Out Our Latest Research Report on Tesla
About Tesla
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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