<div id="readability-page-1">MFG Wealth Management Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 45.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,717 shares of the electric vehicle producer's stock after selling 3,924 shares during the period. MFG Wealth Management Inc.'s holdings in Tesla were worth $2,098,000 at the end of the most recent quarter.<ul><li>MarketBeat Week in Review – 12/15 - 12/19</li></ul>Several other large investors have also added to or reduced their stakes in TSLA. Siren L.L.C. bought a new stake in shares of Tesla in the 1st quarter worth about $2,332,000. Zuckerman Investment Group LLC grew its position in Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after acquiring an additional 826 shares during the last quarter. Norges Bank purchased a new position in Tesla in the 2nd quarter worth about $11,839,824,000. Police &amp; Firemen s Retirement System of New Jersey increased its position in shares of Tesla by 5.6% during the second quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock worth $135,688,000 after acquiring an additional 22,607 shares during the period. Finally, Strs Ohio purchased a new position in Tesla during the 1st quarter worth $205,495,000. Hedge funds and other institutional investors own 66.20% of the company's stock. <h2>Tesla Price Performance</h2>TSLA stock opened at $481.20 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $439.98 and a 200 day moving average price of $380.55. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 320.80, a PEG ratio of 12.08 and a beta of 1.87. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $495.28. <ul><li>Is Tesla Overvalued? 2 Reasons It Might Be a Bargain</li></ul>Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. The company's quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. <h2>Insider Activity at Tesla</h2>In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the business's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is owned by insiders. <h2>Tesla News Summary</h2><ul><li>MarketBeat Week in Review – 12/8 - 12/12</li></ul>Here are the key news stories impacting Tesla this week:<ul> <li>Positive Sentiment: Analysts are lifting targets and reiterating bullish views, providing near‑term support for the rally — Deutsche Bank bumped its target to $500 and other firms (Mizuho, CICC, Truist) have issued bullish notes. Article</li> <li>Positive Sentiment: Tesla committed ~$1.2B to battery cell production in Germany (8 GWh target from 2027), a strategic capex that supports localization, margin improvement and long‑term EV supply. Article</li> <li>Positive Sentiment: Robotaxi and Cybercab testing appears to be accelerating (production‑ready units seen in streets), keeping momentum behind Tesla’s high‑value autonomy thesis that investors are pricing in. Article</li> <li>Positive Sentiment: Tesla avoided a potential ~€11M fine in Italy over range claims, removing a modest legal overhang. Article</li> <li>Neutral Sentiment: The Delaware Supreme Court reinstated Musk’s 2018 pay package, ending a years‑long legal dispute and removing uncertainty — but the scale of the award (now valued far higher) raises governance and dilution debates. Article</li> <li>Neutral Sentiment: Large institutional repositioning: ARK/active managers have trimmed holdings recently (profit‑taking), which can amplify intraday volatility but doesn't necessarily change the structural bull case. Article</li> <li>Negative Sentiment: Regulatory and safety pressure persists: California actions on Autopilot/FSD marketing, a proposed federal/state focus on autonomy rules, and consumer safety complaints (e.g., door‑handle issues) keep legal/regulatory risk elevated. Article</li> <li>Negative Sentiment: Core EV metrics remain mixed: U.S. vehicle sales have softened and operating expenses have risen as Tesla spends on autonomy/robotics — analysts warn near‑term margins and volumes could pressure sentiment if growth stalls. Article</li> </ul><h2>Wall Street Analysts Forecast Growth</h2>A number of brokerages recently weighed in on TSLA. Canaccord Genuity Group decreased their price objective on Tesla from $490.00 to $482.00 and set a &#34;buy&#34; rating for the company in a research note on Thursday, October 23rd. Cowen reissued a &#34;buy&#34; rating on shares of Tesla in a report on Monday, November 17th. HSBC reiterated a &#34;reduce&#34; rating on shares of Tesla in a research note on Monday, November 17th. Melius began coverage on Tesla in a research report on Monday, October 13th. They set a &#34;buy&#34; rating and a $520.00 price target on the stock. Finally, Baird R W raised Tesla from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Friday, September 19th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $404.14.View Our Latest Research Report on TSLA<h2>About Tesla</h2> (Free Report)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.<h2>Further Reading</h2><ul><li>Five stocks we like better than Tesla</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>Biggest Stock Losers - Today’s Biggest Percentage Decliners</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>Trading Halts Explained</li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</li></ul>Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).<img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Tesla Right Now?</h2>Before you consider Tesla, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

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MFG Wealth Management Inc. reduced its stake in Tesla, Inc. by 45.4% in the 3rd quarter, selling 3,924 shares. The remaining 4,717 shares are valued at $2,098,000. Tesla's stock opened at $481.20, with a market cap of $1.60 trillion. Analysts are bullish, with Deutsche Bank raising its target to $500. Tesla committed $1.2B to battery production in Germany, supporting long-term EV supply.

- MFG Wealth Management Inc. reduced its Tesla holdings by 45.4%, now owning 4,717 shares valued at $2,098,000 after selling 3,924 shares in Q3.  
- Tesla reported a quarterly EPS of $0.50, beating expectations, with revenues reaching $28.10 billion, up 11.6% year-over-year.  
- Institutional investors, including Norges Bank and Police & Firemen s Retirement System of New Jersey, have also adjusted their stakes in Tesla, with 66.20% of the stock owned by institutional investors overall.

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MFG Wealth Management Inc. Trims Stock Position in Tesla, Inc. $TSLA