Summary: Share Count & Options Flow

According to recent 13F filings, the total number of Tesla shares decreased by 2.92%, while hedge funds' holdings increased by 3.08%. This suggests active accumulation of Tesla stock by hedge funds.

The put/call ratio fell by 9.17% but remains at 1.09, above 1, indicating more puts than calls. This implies investors are buying stock while maintaining hedges against downside through put positions.

Overall trading volume did not rise significantly, and hedge funds are actively adjusting positions, indicating a preference for cautious approaches rather than aggressive short-term rallies.

Major Investors' Tesla Positions

Peter Thiel's 13F filings show that while he fully exited Nvidia in Q3, he remains concentrated in Tesla, Microsoft, and Apple.

Renaissance Technologies (a quant-driven firm founded by mathematicians and computer scientists) reduced its Palantir stake in Q3 and newly acquired 424,000 Tesla shares. This indicates these funds view Tesla's long-term value favorably.

Elon Musk & Ron Baron: Perspectives

Elon Musk has expressed strong confidence in Tesla's upside (including remarks that relate to calls for short sellers to cover), and Ron Baron—while not disclosing his personal positions—has indirectly affirmed long-term confidence in SpaceX and Tesla. Such bullish voices support market expectations for the long term.

Tesla's Potential: Deferred Revenue & Safety

Tesla's deferred revenue has been steadily increasing. Although currently recorded as a liability, if recognized as revenue in future periods it could provide a tailwind for earnings growth.

Additionally, Tesla's FSD (Full Self-Driving) offers not only convenience but also safety advantages. Reported lower crash rates for Tesla FSD-equipped vehicles versus the U.S. average suggest safety is a competitive strength.

Price Outlook & Recommended Investment Strategy

While Tesla's long-term outlook appears positive, the current P/E is approximately 197x (indicating high valuation), so valuation-driven corrections could occur in the short term. Therefore, investors considering new entries should prefer staggered buying on price dips rather than a large immediate purchase. Be mindful of possible short-term corrections.