2,289 Tesla, Inc. $TSLA Shares Bought by Triton Wealth Management PLLC

Triton Wealth Management PLLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,286 shares of the electric vehicle producer’s stock after acquiring an additional 2,289 shares during the period. Tesla accounts for about 2.3% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 11th biggest holding. Triton Wealth Management PLLC’s holdings in Tesla were worth $7,552,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of TSLA. D.B. Root & Company LLC raised its holdings in shares of Tesla by 3.3% in the 3rd quarter. D.B. Root & Company LLC now owns 4,418 shares of the electric vehicle producer’s stock valued at $1,567,000 after purchasing an additional 142 shares in the last quarter. Guardian Financial Partners LLC boosted its stake in shares of Tesla by 48.0% during the third quarter. Guardian Financial Partners LLC now owns 2,236 shares of the electric vehicle producer’s stock valued at $793,000 after purchasing an additional 725 shares in the last quarter. Gen Wealth Partners Inc boosted its stake in shares of Tesla by 13.6% during the third quarter. Gen Wealth Partners Inc now owns 3,377 shares of the electric vehicle producer’s stock valued at $1,198,000 after purchasing an additional 404 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Tesla by 4.4% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 3,265 shares of the electric vehicle producer’s stock valued at $1,159,000 after buying an additional 139 shares during the period. Finally, Flynn Zito Capital Management LLC raised its stake in Tesla by 6.2% in the third quarter. Flynn Zito Capital Management LLC now owns 3,338 shares of the electric vehicle producer’s stock worth $1,184,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $379.78 on Wednesday. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 417.35, a PEG ratio of 23.42 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 stock’s fifty day moving average price is $372.97 and its 200 day moving average price is $383.73. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last issued its 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. The firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. Tesla’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla 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 value of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSLA. Piper Sandler reaffirmed an “overweight” rating and set a $475.00 target price (up from $450.00) on shares of Tesla in a research report on Thursday, October 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Monday, October 19th. Wall Street Zen cut Tesla from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Wells Fargo & Company restated a “buy” rating on shares of Tesla in a research note on Thursday, October 1st. Finally, Yorkville Ives began coverage on Tesla in a research report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 price objective on the stock. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $414.51.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is expanding its robotaxi service to San Antonio, adding another Texas market as it seeks to build a business beyond vehicle sales. Tesla expands robotaxi service to San Antonio
• Positive Sentiment: A report said Tesla attracted $96.8 million in ETF capital, which may provide some support for shares, although ETF flows do not necessarily reflect a change in the company’s fundamentals. Tesla pulls in ETF capital
• Neutral Sentiment: Tesla has started work on a proposed $10 billion solar factory near Houston, a potentially significant expansion into solar manufacturing, but one that also entails substantial investment and execution risk. Tesla’s Project Crystal Sun
• Neutral Sentiment: A hedge fund has urged Tesla and SpaceX to combine, but this is an outside proposal—not confirmation that a merger will happen. Any potential effect on Tesla shareholders remains uncertain. Sargasso Capital Management’s Project Kepler
• Negative Sentiment: Tesla’s October retail sales in China reportedly fell to their lowest level since 2022, raising concerns about demand in a key market and the company’s year-end sales targets. Tesla’s China sales hit lowest since 2022
• Negative Sentiment: Elon Musk says Cybertruck production is expected to end in about eight months so capacity can be redirected to Cybercab, with many reservation holders due refunds. The pivot may advance Tesla’s autonomy ambitions, but it also highlights the uncertainty around Cybertruck production and customer orders. Tesla Cybertruck is EV pickup market’s latest casualty
• Negative Sentiment: A Tesla shareholder warned that political and regulatory opposition could hinder autonomous-vehicle deployment, putting a central part of the company’s growth narrative at risk. Autonomy faces potential political risk

About Tesla

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.