Analyst Ratings
Institutional investors adjust Tesla holdings in third quarter
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Several institutional investors modified their stakes in Tesla Inc. during the third quarter, with some reducing positions significantly while others increased them, according to recent 13F filings with the Securities and Exchange Commission. These changes reflect mixed sentiment toward the electric vehicle producer amid ongoing insider selling and varied analyst views. Tesla's stock opened at $411.82 on Friday, with a market capitalization of $1.55 trillion.
Tesla stock received a strong endorsement from Wall Street firm Melius, which labeled it a 'must own' investment in a note released early this week. Analyst Rob Wertheimer highlighted Tesla's leadership in self-driving technology and autonomy as key drivers of future growth. This positive outlook contrasts with bearish views citing declining deliveries and intensifying competition.