In the third quarter, Gibbs Wealth Management trimmed its position in Tesla by 27.9%, selling 2,501 shares and ending the period with 6,465 shares. According to its latest 13F filing with the SEC, the firm’s remaining Tesla holdings were valued at approximately $2.875 million. This reduction contrasts with several smaller institutional investors—Chapman Financial Group, LGT Financial Advisors, Manning & Napier Advisors, CoreFirst Bank & Trust, and ESL Trust Services—establishing new stakes ranging from 26,000 to 32,000 dollars in the same period. Overall, institutional investors now hold 66.20% of Tesla’s outstanding shares.

Tesla reported third-quarter net income margin of 5.51% on revenue of $28.10 billion, marking an 11.6% increase in top-line sales year-over-year and surpassing consensus estimates by over $3.1 billion. EPS of $0.50 also exceeded analyst forecasts by $0.02, while return on equity stood at 6.61%. These results underscore improving operational efficiencies within automotive and energy segments, even as the company’s P/E multiple remains near 300x and its P/E/G ratio exceeds 7.5.

Over the past quarter, Tesla insiders have sold a combined 119,457 shares, representing nearly 20% of insider‐owned stock. CFO Vaibhav Taneja reduced his position by 16.1% through a sale of 2,637 shares, while Director James R. Murdoch sold 60,000 shares, a 9.4% reduction in his holdings. On Wall Street, 18 analysts maintain Buy ratings, 13 recommend Hold, and 8 advise Sell, resulting in a consensus Hold rating with an average target that implies modest upside from current levels.