SteelPeak Wealth 13F: Adds $26M to Tesla (TSLA) Stake

SteelPeak Wealth has increased its stake in Tesla, Inc. by adding 73,245 shares, raising its total holdings to 277,241 shares valued at approximately $98.4 million. This change was disclosed in a filing on October 16, 2026. The increase represents a 35.9% boost in their position.

What Changed in SteelPeak Wealth's Tesla Position

SteelPeak Wealth's filing shows a notable addition to its Tesla holdings, now totaling 277,241 shares. This increase adds significant value to their portfolio, reflecting ongoing interest in the electric vehicle maker despite recent market challenges.

Other Institutional Activity in Tesla

Several other institutional investors have also adjusted their Tesla positions recently. Blackrock Inc. increased its holdings by 6,034,568 shares, bringing its total to 214,123,129 shares valued at around $75.9 billion. Vanguard Capital Management LLC added 1,170,261 shares, now holding 184,023,551 shares worth approximately $65.3 billion. State Street Corporation grew its stake by 2,764,093 shares, resulting in a total of 117,456,756 shares valued at about $41.7 billion.

Tesla, Inc. Stock Down 3.4%

Tesla's stock recently traded around $352.30, which is below its 50-day moving average of about $358.76 and its 200-day moving average of $388.49. The stock is also down about 29.4% from its 52-week high of $498.83, but it remains 18.5% above its 52-week low of $297.38. This performance suggests the stock is currently under pressure, as investors weigh future prospects and market conditions.

Recent Earnings

In its latest earnings report, Tesla reported trailing twelve-month revenue of approximately $103.6 billion, reflecting a year-over-year growth of 25.5%. The company had an earnings per share (EPS) of $1.08 and a net margin of 3.7%. Tesla is set to release its next earnings report on October 21, 2026, which will provide further insights into its financial performance.

Insider Buying and Selling at Tesla, Inc.

Tesla's Chief Financial Officer, Vaibhav Taneja, sold 2,605 shares on June 8, 2026, at an average price of $402.20, totaling approximately $1.05 million. Earlier, on June 16, 2026, CEO Elon Musk sold 303,960,630 shares at an average price of $23.34, valued at about $7.1 billion. The transactions highlight ongoing activity at the executive level, with Musk's sale being particularly noteworthy given the volume involved.

Analysts Set New Price Targets

Analysts maintain varying views on Tesla's stock. On October 12, 2026, Jefferies maintained a 'Hold' rating with a new price target of $400, up from $350. Meanwhile, on October 7, 2026, UBS kept its 'Neutral' rating with a target of $391, slightly increased from $385. The consensus rating for Tesla remains a 'buy' with a mean price target of $397.83, indicating some optimism among analysts despite recent market fluctuations.

About Tesla, Inc.

Tesla, Inc. designs and sells electric vehicles and energy systems globally. The company operates in two main segments: Automotive and Energy Generation and Storage. Tesla's continued innovation in electric vehicles and its expansion into energy products make it a key player in the automotive and renewable energy industries.

Bottom Line

SteelPeak Wealth's recent filing shows a stronger commitment to Tesla, reflecting ongoing investor interest in the electric vehicle sector. With the next earnings report scheduled for October 21, 2026, investors will be watching closely for updates on Tesla's financial health and market position. Keep in mind that 13F filings are backward-looking and may not represent the fund's current position.