Tesla, Inc. $TSLA Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the third quarter, Holdings Channel.com reports. The fund owned 40,421 shares of the electric vehicle producer’s stock after buying an additional 1,424 shares during the quarter. Tesla comprises about 1.2% of Frank Rimerman Advisors LLC’s holdings, making the stock its 16th biggest position. Frank Rimerman Advisors LLC’s holdings in Tesla were worth $17,976,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of Tesla in the second quarter worth approximately $26,000. LGT Financial Advisors LLC acquired a new position in Tesla in the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC purchased a new position in Tesla during the 3rd quarter worth approximately $29,000. CoreFirst Bank & Trust acquired a new stake in Tesla during the 2nd quarter valued at $30,000. Finally, ESL Trust Services LLC lifted its holdings in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $1,170,643.41. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 119,457 shares of company stock valued at $53,501,145 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Up 3.3%

TSLA stock opened at $430.41 on Friday. The firm has a market cap of $1.43 trillion, a PE ratio of 398.53, a PEG ratio of 7.11 and a beta of 1.83. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a fifty day simple moving average of $447.69 and a 200 day simple moving average of $408.17. The company has a current ratio of 2.16, a quick ratio of 1.67 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its earnings results 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. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Tuesday. TD Cowen increased their price target on shares of Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday. BNP Paribas Exane boosted their price objective on shares of Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research note on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $409.58.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger talk fuels optimism that Elon Musk could further consolidate his tech assets, a scenario investors view as value-accretive for Tesla (merger talk helped push TSLA higher). Tesla jumps as SpaceX merger talks fuel Musk empire consolidation hopes (Reuters)
• Positive Sentiment: Q4 beats and clear robotaxi/FSD progress: Tesla topped EPS and revenue estimates, disclosed 1.1M active FSD subs and reiterated Cybercab/robotaxi production targets — evidence that software and services can offset weaker vehicle volume. Could Tesla’s Q4 Earnings Fuel the Next Rally? (MarketBeat)
• Positive Sentiment: Investment in xAI and AI positioning: Tesla disclosed a multi‑billion involvement with Musk’s xAI and is pushing chip/TeraFab plans — reinforcing the market view of Tesla as a “physical AI” play rather than a pure auto OEM. Tesla reveals $2 billion investment in Elon Musk’s xAI (Fortune)
• Neutral Sentiment: Model S/X discontinuation and factory retooling — strategic for long‑term robotics capacity but implies short-term restructuring and transition risk; impact depends on execution and timing. Tesla Kills Legacy Models: Analyst Response Is Meh (MarketBeat)
• Neutral Sentiment: Mixed analyst reactions and target churn — some firms raised targets on the AI/robotics story while others trimmed them, leaving consensus sentiment split and volatility likely to persist.
• Negative Sentiment: Massive capex and cash‑burn risk: management guided to >$20B capex to reshuffle factories for robots, Cybercab and batteries — a heavy near‑term cash demand that could pressure margins and free cash flow. Tesla plans $20 billion capital spending spree (Reuters)
• Negative Sentiment: First annual revenue decline and softer vehicle deliveries raise near‑term execution concerns — investors worry Optimus/robotaxi revenue is far out and that margins could be pressured during the transition.
• Negative Sentiment: Notable bearish analyst moves (e.g., JPMorgan cut to underweight with a $145 target) increase downside headline risk and may cap rallies until clarity on capex pacing and robot/robotaxi ramps arrives.

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.