Mercer Global Advisors Inc. ADV raised its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 21.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,434 shares of the electric vehicle producer’s stock after buying an additional 83,262 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Tesla were worth $210,946,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Manning & Napier Advisors LLC purchased a new stake in Tesla in the 3rd quarter valued at $29,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the 3rd quarter worth $31,000. Westend Capital Management LLC purchased a new position in Tesla during the 3rd quarter worth $32,000. Chapman Financial Group LLC acquired a new position in Tesla in the second quarter valued at $26,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the second quarter valued at about $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Major battery deal: Tesla and LG Energy Solution will build a $4.3B LFP prismatic battery cell plant in Lansing, Michigan to supply Megapack 3 systems (targeted production in 2027), strengthening U.S. supply, reducing China reliance, and supporting energy?storage growth. Article Title
- Positive Sentiment: Terafab AI chip momentum: Elon Musk says the Terafab project will launch imminently — investors see a long?term upside if Tesla scales custom silicon for autonomy and Optimus, though costs and execution risk are high. Article Title
- Neutral Sentiment: Valuation and strategy debate: Multiple analyst pieces weigh Tesla’s autonomy and energy upside against a premium P/E and limited margin for error — framing TSLA as a high?beta, binary?outcome growth story. Article Title
- Positive Sentiment: Energy market expansion: Tesla gained Ofgem approval to sell electricity across Great Britain, nudging its energy business beyond hardware into retail energy services (small but strategic). Article Title
- Negative Sentiment: U.S. sales weakness: Data show Tesla’s U.S. EV sales slumped (reported ~26% drop in January), highlighting near?term demand risk and cyclical exposure that could pressure results if the trend continues. Article Title
- Negative Sentiment: Autonomy competition: Reports that Chinese automakers will adopt Nvidia’s self?driving stack raise competitive risk to Tesla’s FSD/robotaxi ambitions, making Tesla’s leadership less certain. Article Title
- Negative Sentiment: Supply dispute extended: Tesla and Syrah Resources again extended a deadline to resolve an alleged graphite?supply default, keeping a potential raw?material headwind on the radar. Article Title
Insider Buying and Selling at Tesla
Tesla Stock Performance
NASDAQ TSLA opened at $395.56 on Tuesday. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 366.26, a PEG ratio of 11.57 and a beta of 1.89. The business’s 50 day moving average is $418.86 and its two-hundred day moving average is $426.37. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently weighed in on TSLA. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research note on Thursday, January 29th. President Capital dropped their price target on Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Phillip Securities decreased their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Bank of America started coverage on Tesla in a research note on Wednesday, March 4th. They issued a “buy” rating and a $460.00 target price on the stock. Finally, Glj Research reissued a “sell” rating on shares of Tesla in a report on Thursday, March 12th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $406.84.
Check Out Our Latest Report on Tesla
About Tesla
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.
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