Gibbs Wealth Slashes 27.9% of Tesla Stake, Selling 2,501 Shares
Gibbs Wealth Management reduced its Tesla position by 27.9% in the third quarter, selling 2,501 shares. The remaining 6,465 shares were valued at $2.875 million at quarter-end, as institutional investors held 66.2% of Tesla’s outstanding stock.
1. Institutional Stake Reduction by Gibbs Wealth Management
Gibbs Wealth Management trimmed its position in Tesla by 27.9% during the third quarter, according to the latest 13F filing with the SEC. The firm sold 2,501 shares, reducing its holding to 6,465 shares, which were valued at approximately $2.875 million at quarter end. This sale underscores a notable reallocation of assets by one of the smaller institutional investors in Tesla, contributing to a shift in ownership dynamics within the company’s shareholder base.
2. Third Quarter Financial Performance
In its most recent quarterly report, Tesla delivered adjusted earnings per share of $0.50, beating consensus estimates by $0.02. Revenue rose 11.6% year-over-year to $28.10 billion, surpassing analyst forecasts of $24.98 billion. The company reported a net margin of 5.51% and return on equity of 6.61%, reflecting continued operational leverage despite rising competition in the electric vehicle market. Year-to-date production and deliveries maintained Tesla’s leadership in EV volume, with global unit sales increasing sequentially.
3. Insider Selling Activity
Over the past ninety days, Tesla insiders have sold a combined 119,457 shares, representing 19.9% of insider-held stock. Notable transactions include CFO Vaibhav Taneja’s sale of 2,637 shares and Director James R. Murdoch’s sale of 60,000 shares, the latter reducing his stake by 9.4%. These insider dispositions, disclosed in SEC filings, amounted to over $53 million in total proceeds, signaling a cautious stance by senior executives ahead of anticipated regulatory decisions on key initiatives such as full self-driving and robotaxi deployment.
4. Analyst Ratings and Ownership
MarketBeat data show that eighteen analysts maintain a Buy rating on Tesla shares, while thirteen have Hold and eight assign a Sell rating, resulting in a consensus recommendation of Hold. Institutional investors currently own 66.20% of Tesla’s float, reflecting sustained confidence from large asset managers despite concerns over valuation multiples. The average analyst target implies an earnings growth compound annual rate of approximately 24% over the next 15 years, based on reverse DCF models focused on revenue mix shifts toward subscription services and robotaxi operations.