Convergence Financial LLC Raises Stake in Tesla, Inc. $TSLA

Convergence Financial LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 193.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,140 shares of the electric vehicle producer’s stock after purchasing an additional 19,204 shares during the quarter. Tesla accounts for about 1.9% of Convergence Financial LLC’s investment portfolio, making the stock its 14th largest holding. Convergence Financial LLC’s holdings in Tesla were worth $12,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its position in Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after purchasing an additional 23 shares during the period. Equita Financial Network Inc. lifted its stake in shares of Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after purchasing an additional 23 shares in the last quarter. VanderPol Investments L.L.C. boosted its position in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after buying an additional 23 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after buying an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC raised its holdings in shares of Tesla by 1.1% during the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after buying an additional 23 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSLA shares. President Capital decreased their price target on Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a report on Friday, January 30th. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the company an “equal weight” rating in a research note on Thursday, January 29th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 price objective on shares of Tesla in a report on Thursday, January 29th. Finally, Glj Research reissued a “sell” rating on shares of Tesla in a research report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $408.09.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $550 price target, signaling sell‑side expectations for meaningful upside if Tesla executes its pivot to robotics and autonomy. Tigress Initiates Coverage
• Positive Sentiment: Tesla is rolling out FSD monetization (subscription push) and continues to cite large supervised‑miles safety data — both expand recurring revenue potential and help justify a valuation tied to software/autonomy, not just cars. FSD Subscriptions Analysis
• Positive Sentiment: Longer term, bullish narratives around Optimus and Tesla’s robotics pivot (large TAM commentary and analyst pieces) support a structural re‑rating if execution continues — this is why some investors look past near‑term auto softness. Optimus Opportunity
• Neutral Sentiment: Tesla cut Cybertruck pricing (new base at ~$59,990; Cyberbeast reduced to $99,990) to drive demand — this could boost volumes but may compress margins; the immediate market reaction has been muted. Cybertruck Price Cut
• Neutral Sentiment: Large hedge funds and managers show mixed positioning: some boosted TSLA stakes (Viking Global, Woodline), others trimmed — this creates two‑way flows that can amplify intraday volatility. Institutional Trades
• Negative Sentiment: A federal judge denied Tesla’s request to overturn a $243M jury award tied to a fatal Autopilot crash, making the liability judgment stick — an explicit legal and reputational headwind that increases near‑term risk and potential cash exposure. Autopilot Verdict Upheld
• Negative Sentiment: Analyst and investor skepticism about demand for the cheaper Cybertruck trim (comments that it may not increase volumes meaningfully) keeps the sales/earnings risk front‑and‑center for short‑term traders. Cybertruck Skepticism

Insider Activity

In other Tesla news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $411.82 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The firm’s 50-day simple moving average is $440.65 and its 200-day simple moving average is $417.52. The firm has a market cap of $1.55 trillion, a PE ratio of 381.31, a price-to-earnings-growth ratio of 14.49 and a beta of 1.86.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the company earned $0.73 earnings per share. Tesla’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.