Tesla, Inc. $TSLA Shares Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,073 shares of the electric vehicle producer’s stock after buying an additional 3,281 shares during the quarter. Tesla makes up approximately 2.0% of Canvas Wealth Advisors LLC’s holdings, making the stock its 15th largest holding. Canvas Wealth Advisors LLC’s holdings in Tesla were worth $16,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Asset One Wealth Management LLC boosted its position in Tesla by 1.7% during the 3rd quarter. Asset One Wealth Management LLC now owns 9,037 shares of the electric vehicle producer’s stock worth $3,206,000 after purchasing an additional 148 shares during the period. Heritage Family Offices LLP lifted its stake in shares of Tesla by 4.8% during the third quarter. Heritage Family Offices LLP now owns 4,246 shares of the electric vehicle producer’s stock worth $1,507,000 after purchasing an additional 194 shares in the last quarter. Waldron Private Wealth LLC boosted its position in shares of Tesla by 7.3% in the third quarter. Waldron Private Wealth LLC now owns 6,606 shares of the electric vehicle producer’s stock worth $2,344,000 after buying an additional 451 shares during the period. Calamos Wealth Management LLC boosted its position in shares of Tesla by 1.6% in the third quarter. Calamos Wealth Management LLC now owns 60,296 shares of the electric vehicle producer’s stock worth $21,394,000 after buying an additional 927 shares during the period. Finally, Alta Advisers Ltd grew its stake in shares of Tesla by 85.3% in the third quarter. Alta Advisers Ltd now owns 20,224 shares of the electric vehicle producer’s stock valued at $7,176,000 after buying an additional 9,312 shares in the last quarter. 66.20% of the stock is currently 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 Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 22nd. Wall Street Zen downgraded shares of 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. BMO Capital Markets started coverage on shares of Tesla in a research report on Monday, August 17th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Insider Activity

In related 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 value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company’s stock.

Tesla Stock Up 4.2%

NASDAQ TSLA traded up $14.53 during mid-day trading on Friday, reaching $358.22. 36,597,110 shares of the company’s stock traded hands, compared to its average volume of 36,353,072. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a fifty day simple moving average of $372.14 and a 200-day simple moving average of $384.35. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.42 trillion, a price-to-earnings ratio of 393.65, a P/E/G ratio of 25.01 and a beta of 1.74.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the prior year, the company posted $0.50 EPS. Tesla’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 0.67 EPS for the current year.

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.