Tesla, Inc. $TSLA Stock: Verus Capital Partners LLC Trims Holdings

Verus Capital Partners LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 17.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,005 shares of the electric vehicle producer’s stock after selling 5,962 shares during the quarter. Verus Capital Partners LLC’s holdings in Tesla were worth $9,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Tesla in the second quarter valued at approximately $25,000. Harborfront Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth approximately $34,000. Montgomery Financial Services LLC acquired a new position in Tesla in the 2nd quarter valued at $40,000. Timbuktu Capital Management LLC acquired a new position in Tesla in the 2nd quarter valued at $42,000. Finally, Navigoe LLC acquired a new position in Tesla in the 2nd quarter valued at $45,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Oppenheimer initiated coverage on shares of Tesla in a research report on Thursday, October 22nd. They issued an “outperform” rating for the company. HSBC reissued a “reduce” rating and issued a $157.00 price target on shares of Tesla in a research note on Monday, October 5th. Yorkville Ives began coverage on shares of Tesla in a research report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 price target on the stock. Finally, Tigress Financial assumed coverage on shares of Tesla in a research note on Thursday, October 22nd. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $414.51.

Tesla Stock Performance

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

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate 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 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 sale, the chief financial officer owned 25,972 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company’s stock.

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.