Tesla, Inc. $TSLA Shares Newly Acquired by Citizens & Northern Corp

Citizens & Northern Corp purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,602 shares of the electric vehicle producer’s stock, valued at approximately $1,278,000.

Several other large investors have also recently added to or reduced their stakes in TSLA. Security National Bank of Sioux City Iowa IA bought a new stake in Tesla during the 2nd quarter worth approximately $25,000. Harborfront Financial Group LLC bought a new position in Tesla in the 2nd quarter valued at $34,000. Montgomery Financial Services LLC acquired a new position in Tesla in the second quarter worth $40,000. Timbuktu Capital Management LLC bought a new stake in shares of Tesla during the second quarter worth $42,000. Finally, Navigoe LLC bought a new stake in Tesla during the 2nd quarter worth about $45,000. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Oppenheimer initiated coverage on Tesla in a report on Thursday, October 22nd. They issued an “outperform” rating on the stock. KeyCorp upgraded Tesla to a “sector weight” rating in a research report on Monday, September 28th. Yorkville Ives assumed coverage on Tesla in a report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 price objective for the company. Finally, BNP Paribas Exane upgraded shares of Tesla from an “underperform” rating to a “neutral” rating and upped their target price for the company from $266.00 to $420.00 in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $414.51.

Tesla News Roundup

Investors following TSLA have been watching these news items:

• Positive Sentiment: Reports say Tesla and SpaceX have formed committees to assess an all-stock merger and that talks are advancing, with an announcement possible by December. The prospect of combining Tesla’s automotive and autonomy businesses with SpaceX has fueled optimism, though no agreement is confirmed and a deal could bring valuation and dilution risks. Article: SpaceX and Tesla Talks on Record Merger Are Said to Progress
• 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
• 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

Tesla Price Performance

Shares of TSLA opened at $397.45 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The stock has a market cap of $1.57 trillion, a P/E ratio of 436.76, a price-to-earnings-growth ratio of 24.21 and a beta of 1.74. The stock’s 50-day moving average price is $374.47 and its two-hundred day moving average price is $383.25.

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

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 company insiders.

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.