In the third quarter, Gibbs Wealth Management reduced its Tesla position by 27.9%, selling 2,501 shares and ending the period with 6,465 shares valued at approximately $2.88 million. This follows a broader pattern of portfolio rebalancing among smaller institutions: Chapman Financial Group, LGT Financial Advisors and Manning & Napier Advisors each initiated new stakes worth between $26,000 and $29,000 in the second and third quarters, while CoreFirst Bank & Trust and ESL Trust Services added positions of roughly $30,000 and $32,000 respectively. Overall, institutional investors now hold 66.20% of the company’s shares, underscoring continued confidence in Tesla’s long-term prospects despite targeted trimming by select managers.

Tesla reported third-quarter earnings of $0.50 per share, outperforming consensus by $0.02, on revenue of $28.10 billion versus the $24.98 billion analysts projected. Year-over-year revenue increased 11.6%, while the company delivered a net margin of 5.51% and a return on equity of 6.61%. These results marked a sequential improvement in profitability metrics, supported by an uptick in automotive deliveries and a richer mix of higher-margin services such as Full-Self Driving subscriptions. Management’s guidance for full-year earnings projects growth to $2.56 per share, driven by expanded manufacturing capacity and scaling of energy storage deployments.

Over the past quarter, Tesla insiders have been net sellers: CFO Vaibhav Taneja disposed of 2,637 shares for proceeds of approximately $1.17 million, trimming his stake by 16.1% to 13,757 shares, and Director James R. Murdoch sold 60,000 shares for about $26.7 million, a 9.4% reduction to 577,031 shares held. Total insider sales in the past 90 days reached 119,457 shares valued at $53.5 million, leaving insiders with 19.9% ownership. On the Street, 18 analysts maintain buy ratings, 13 recommend hold and 8 have sell ratings, with a consensus target equating to roughly 410.77, reflecting cautious optimism about Tesla’s ability to sustain margin expansion and deliver on its next-generation mobility initiatives.