Tesla, Inc. $TSLA Stock: Western Financial Corp CA Trims Position

Western Financial Corp CA reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 46.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,434 shares of the electric vehicle producer’s stock after selling 2,965 shares during the quarter. Western Financial Corp CA’s holdings in Tesla were worth $1,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TSLA. Mezzasalma Advisors LLC raised its holdings in Tesla by 10.7% during the 3rd quarter. Mezzasalma Advisors LLC now owns 73,627 shares of the electric vehicle producer’s stock valued at $25,998,000 after acquiring an additional 7,101 shares during the period. Tenon Financial LLC bought a new position in shares of Tesla in the third quarter worth $668,000. Fortress Financial Solutions LLC bought a new position in shares of Tesla in the third quarter worth $786,000. Triumph Capital Management boosted its holdings in shares of Tesla by 1.4% in the third quarter. Triumph Capital Management now owns 4,606 shares of the electric vehicle producer’s stock worth $1,634,000 after acquiring an additional 65 shares during the period. Finally, Sanders Morris Harris LLC grew its position in shares of Tesla by 10.5% in the third quarter. Sanders Morris Harris LLC now owns 8,491 shares of the electric vehicle producer’s stock valued at $3,135,000 after purchasing an additional 807 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 2.2%

Shares of NASDAQ TSLA opened at $367.16 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $358.60 and a 200-day moving average of $377.05. The firm has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 339.97, a PEG ratio of 24.37 and a beta of 1.92. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Sell-side analysts expect that Tesla, Inc. will post 0.69 earnings per share for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s long-delayed Roadster event is scheduled for October 15, with attention focused on potential SpaceX-powered features. The reveal could provide a near-term catalyst if Tesla demonstrates credible technology and production plans. Tesla Roadster event article
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has expanded rapidly, strengthening the company’s robotaxi narrative. The launch is important because investors increasingly value Tesla as an autonomy and artificial-intelligence company rather than solely as an automaker. Tesla robotaxi fleet article
• Positive Sentiment: Tesla and Pilot opened their first heavy-duty Megacharger site, with 12 additional locations underway. The network could support Tesla Semi adoption and create a longer-term energy and infrastructure opportunity. Pilot Tesla Megacharger article
• Neutral Sentiment: Reports that Tesla and SpaceX could merge before December 6 are speculative and lack confirmation from either company, but the possibility may add volatility because of Elon Musk’s overlapping leadership and shareholder interests. Tesla SpaceX merger article
• Negative Sentiment: Analysts expect third-quarter earnings to decline, with automotive margins and year-over-year deliveries under scrutiny ahead of the October 21 report. A prior earnings miss and Tesla’s modest net margin increase the risk of disappointment. Tesla Q3 earnings preview
• Negative Sentiment: China remains a major pressure point: an intense price war and stronger competition have hurt domestic demand, while increased exports have reversed Tesla’s China wholesale trend. Tesla China strategy article
• Negative Sentiment: Plans for the Terafab AI-chip facility could deepen Tesla’s capital-spending burden, already expected to exceed $25 billion this year. Investors are questioning whether Tesla has the semiconductor expertise and funding capacity to execute, particularly at its stretched valuation. Tesla Terafab article

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were 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. The trade was a 9.12% decrease in their position. The transaction 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. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSLA shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research note on Friday, September 25th. Citigroup reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating on shares of Tesla in a research report on Monday, September 28th. Finally, Barclays boosted their price target on shares of Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $412.33.

About Tesla

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.