Drive Wealth Management LLC Reduces Position in Tesla, Inc. $TSLA
- by lulegacy
- Oct 20, 2025
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Key Points
Drive Wealth Management LLC reduced its holdings in Tesla, Inc. by 12.1% during the 2nd quarter, now owning 12,195 shares worth approximately $3.87 million.
Goldman Sachs Group Inc. significantly increased its position in Tesla by 322.1% during the 1st quarter, holding over 26 million shares valued at nearly $6.89 billion.
Analysts have set various price targets for Tesla, with Benchmark raising its target to $475.00, while Tesla's consensus rating remains at "Hold" with an average price target of $363.54. Lithium Americas: Why This 31% Rally Is More Than Just a Headline
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same period last year, the business earned $0.52 EPS. The company's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.
Insider Buying and Selling
In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director directly owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last ninety days. Company insiders own 19.90% of the company's stock.
Tesla Profile
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