ETFs Are Net Sellers of Tesla (TSLA) on Oct. 29 GuruFocus News Mon, November 2, 2026 at 6:03 AM EST 3 min read TSLA -0.87% QQQ -3.47% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Invesco QQQ (QQQ) led the move, shedding $76.0 million of Tesla (TSLA) on Thursday, Oct. 29, as ETF activity turned negative. More funds were buyers than sellers, with 32 ETFs buying and 24 selling, but the sellers moved larger amounts, leaving $108.6 million in net selling. That snapped a two-day run of net buying, after $196.5 million came in on Oct. 28 and $40.5 million on Oct. 27. The selling streak stands at 1 day.
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For the full record of ETF and guru buying and selling in TSLA, see the TSLA guru trades page.
The largest sellers by dollar value were QQQ ($76.0 million), SPY ($34.8 million) and QLD ($14.7 million). In all, 32 ETFs added shares and 24 cut them.
QQQ cut its stake by 0.47% to 39,620,929 shares, and SPY trimmed 0.25% to 34,376,028 shares for a $34.8 million reduction. QLD shed $14.7 million, a 4.3% cut to 811,835 shares, while IVV reduced $9.9 million and SPYM $1.9 million. Smaller moves came from IWV, PBUS and ESGU, each under $1 million. Tesla sits in the Consumer Cyclical sector and Auto Manufacturers industry with a market cap of $1.58 trillion.
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
Tesla designs, develops, manufactures, sells, and leases fully electric vehicles and energy generation and storage systems, with a strategic focus on bringing artificial intelligence into the real world through autonomous driving and robotics.
Tesla reported $103.57 billion in trailing-12-month revenue, up 7.7% over one year, with a 19.3% gross margin and a 3.1% net margin. The stock trades at a P/E of 439.83, P/B of 17.7 and P/S of 13.66, against a market cap of $1.58 trillion. Its GF Score is 87, and the GF Value of $353.08 compares with a price of $399.81. Tesla pays no dividend in the data provided and is down 11.1% year to date.
Compare TSLA's share price with its GF Value, see recent insider trades, or check which gurus own TSLA.
Watch whether the one-day selling extends, given the back-and-forth pattern of the past week, which included a $113.0 million outflow on Oct. 26.
Based on ETF holdings changes reported for Oct. 29, 2026.
Sector Trends: Energy Leads, Technology Sold Most on Oct. 29
ETF Activity: QQQ Leads $2.24 Billion Exit on Oct. 29
