CHICAGO TRUST Co NA lifted its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 56.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,094 shares of the electric vehicle producer’s stock after acquiring an additional 1,842 shares during the period. CHICAGO TRUST Co NA’s holdings in Tesla were worth $1,807,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Global View Capital Management LLC increased its holdings in shares of Tesla by 4.7% in the third quarter. Global View Capital Management LLC now owns 872 shares of the electric vehicle producer’s stock valued at $309,000 after purchasing an additional 39 shares during the last quarter. Glenview Trust Co grew its holdings in shares of Tesla by 14.9% in the third quarter. Glenview Trust Co now owns 4,088 shares of the electric vehicle producer’s stock valued at $1,450,000 after purchasing an additional 529 shares during the period. Parcion Private Wealth LLC boosted its holdings in Tesla by 17.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 13,616 shares of the electric vehicle producer’s stock valued at $4,831,000 after purchasing an additional 2,062 shares during the last quarter. Partners Wealth Management LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $5,474,000. Finally, Financial Solutions Advisory Group Inc. boosted its position in shares of Tesla by 43.0% during the third quarter. Financial Solutions Advisory Group Inc. now owns 1,037 shares of the electric vehicle producer’s stock worth $368,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Trading Down 0.9%
Shares of Tesla stock opened at $399.81 on Friday. The business has a fifty day simple moving average of $369.61 and a two-hundred day simple moving average of $385.81. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 439.36, a P/E/G ratio of 24.98 and a beta of 1.92. 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.
Tesla (NASDAQ:TSLA – Get Free Report) last posted 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. The company had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. Research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Mizuho upped their target price on shares of Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Roth Capital reaffirmed a “buy” rating and set a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Robert W. Baird set a $475.00 target price on shares of Tesla in a research note on Monday, July 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada lowered shares of Tesla from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.
View Our Latest Stock Analysis on Tesla
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
- Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
- Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
- Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
- Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
- Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars
Tesla Company Profile
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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