Elite Wealth Management Inc. Trims Stake in Tesla, Inc. $TSLA

Elite Wealth Management Inc. cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 63.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,088 shares of the electric vehicle producer’s stock after selling 1,870 shares during the period. Elite Wealth Management Inc.’s holdings in Tesla were worth $484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Narwhal Capital Management raised its holdings in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares in the last quarter. Norges Bank bought a new stake in shares of Tesla in the 2nd quarter valued at about $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock worth $135,688,000 after buying an additional 22,607 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Tesla by 1,823.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after acquiring an additional 64,772 shares in the last quarter. Finally, Breakthru Advisory Services LLC purchased a new stake in Tesla during the third quarter valued at approximately $835,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 1.8%

Tesla stock opened at $439.20 on Thursday. The stock has a 50-day moving average price of $443.50 and a 200 day moving average price of $397.63. The company has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 292.80, a price-to-earnings-growth ratio of 7.43 and a beta of 1.83. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSLA. Cowen reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, November 17th. TD Cowen boosted their target price on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. HSBC reissued a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Finally, Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $410.20.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Subscription shift could lift recurring revenue and margin stability over time — investors who focus on predictable, high‑margin software revenue view the $99/month FSD model as a path to steadier cash flow. Musk says Tesla is moving Full Self-Driving to a monthly subscription
• Positive Sentiment: Tesla moved into mediation with the EEOC over a racial‑harassment lawsuit — resolving or narrowing the legal overhang could remove uncertainty for investors. Tesla agrees mediation that could resolve US agency’s racism lawsuit
• Positive Sentiment: Product and network progress: Tesla rolled out a 7‑seater Model Y in the U.S., showed improved China sales and is expanding service/Supercharger initiatives in Europe—operational moves that support sales and aftersales revenue. Tesla Releases 7-Seater Model Y In US As Improved China Sales Provide Boost
• Neutral Sentiment: Earnings calendar risk: TSLA heads into upcoming Q4 results with a narrow margin for error—analysts are split and a slightly weak print or guidance could amplify volatility. Tesla’s Earnings Loom With Almost No Room for Error
• Neutral Sentiment: Analyst divergence: some firms (Piper/New Street) remain constructive while others (Wells Fargo) are very bearish — this creates headline risk but also keeps trading volume elevated around catalysts. Analyst views on Tesla
• Negative Sentiment: India rollout weak and inventory discounts: early Model Y shipments to India are moving slowly and Tesla is discounting to clear excess units — a sign of demand softness in a new market. Tesla Sees a Slow Start in India, Offers Discounts
• Negative Sentiment: FSD move risks backlash, lower lifetime take rates and regulatory scrutiny—critics warn removing the one‑time purchase may depress perceived product value and adoption, especially with ongoing safety probes. Why Elon Musk’s Latest Move May Backfire
• Negative Sentiment: Competitive and execution risks: pieces of coverage highlight intensifying competition (including advances by Nvidia and rivals) and slowing deliveries—factors that pressure margins and justify cautious valuations. Nvidia Just Delivered Very Bad News for Tesla Stock Investors

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock worth $53,501,145 over the last three months. Company insiders own 19.90% of the company’s stock.

Tesla Company Profile

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.