Tesla, Inc. $TSLA Stock: Avantax Planning Partners Inc. Raises Holdings

Avantax Planning Partners Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 9.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,239 shares of the electric vehicle producer’s stock after acquiring an additional 1,504 shares during the period. Avantax Planning Partners Inc.’s holdings in Tesla were worth $6,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSLA. Candriam S.C.A. lifted its stake in shares of Tesla by 2.7% during the third quarter. Candriam S.C.A. now owns 322,479 shares of the electric vehicle producer’s stock valued at $114,837,000 after buying an additional 8,519 shares during the period. American State Bank Iowa boosted its position in Tesla by 7.0% during the third quarter. American State Bank Iowa now owns 2,661 shares of the electric vehicle producer’s stock worth $944,000 after acquiring an additional 174 shares during the last quarter. Cullinan Associates Inc. grew its stake in Tesla by 40.0% in the 3rd quarter. Cullinan Associates Inc. now owns 5,321 shares of the electric vehicle producer’s stock worth $1,888,000 after acquiring an additional 1,521 shares during the period. Uhlmann Price Securities LLC grew its stake in Tesla by 78.4% in the 3rd quarter. Uhlmann Price Securities LLC now owns 1,388 shares of the electric vehicle producer’s stock worth $492,000 after acquiring an additional 610 shares during the period. Finally, Ethic Inc. raised its holdings in Tesla by 22.2% in the 3rd quarter. Ethic Inc. now owns 238,044 shares of the electric vehicle producer’s stock valued at $84,460,000 after acquiring an additional 43,267 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSLA. Mizuho increased their price target on Tesla from $450.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Wall Street Zen downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday. Jefferies Financial Group raised Tesla from a “hold” rating to a “buy” rating in a research note on Monday, October 26th. Finally, BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $266.00 to $420.00 in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.

Tesla Stock Up 4.2%

Shares of TSLA opened at $358.22 on Friday. The firm has a market cap of $1.42 trillion, a PE ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74. The company’s fifty day moving average is $372.14 and its two-hundred day moving average is $384.35. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.11% and a return on equity of 3.03%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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.