According to its latest SEC 13F filing, Gibbs Wealth Management sold 2,501 shares of Tesla during the third quarter, reducing its position from 8,966 to 6,465 shares. At quarter end, the remaining stake was valued at approximately $2.88 million. This divestment represents a significant reallocation of nearly 28% of Gibbs’s Tesla holdings and signals a shift in the firm’s exposure to electric vehicle manufacturers.

Several smaller institutional and advisory firms initiated modest Tesla positions in the second and third quarters. Chapman Financial Group and LGT Financial Advisors each acquired new stakes valued at roughly $26,000–$29,000 in Q2, while Manning & Napier Advisors added $29,000 worth in Q3. CoreFirst Bank & Trust and ESL Trust Services also entered or expanded positions, with ESL Trust increasing its holdings by 1,900% to 100 shares, valued at about $32,000. Despite these inflows, institutional investors collectively own 66.2% of Tesla’s outstanding shares, underscoring both broad engagement and varied conviction levels.

In its Q3 earnings report, Tesla delivered $0.50 adjusted EPS, surpassing consensus by $0.02, and reported revenue of $28.10 billion, beating forecasts by over $3 billion. Revenue growth of 11.6% year-over-year was accompanied by a net margin of 5.51% and return on equity of 6.61%. These results reflect continued operational leverage despite high valuation multiples, reinforcing Tesla’s ability to translate unit growth into bottom-line expansion and offering important context for investors assessing near-term profitability trends.