Legal & General Group Plc Invests $8.54 Billion in Tesla, Inc. $TSLA

Legal & General Group Plc acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,293,894 shares of the electric vehicle producer’s stock, valued at approximately $8,535,612,000. Tesla comprises about 1.8% of Legal & General Group Plc’s investment portfolio, making the stock its 8th largest holding. Legal & General Group Plc owned approximately 0.51% of Tesla at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in Tesla during the 2nd quarter valued at $907,843,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Tesla during the 2nd quarter worth about $189,000. Van Hulzen Asset Management LLC acquired a new position in shares of Tesla during the second quarter valued at about $13,146,000. Veratis Advisors Inc. acquired a new position in shares of Tesla during the second quarter valued at about $1,024,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Tesla in the second quarter valued at about $290,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSLA shares. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. BTIG Research lowered Tesla to a “neutral” rating in a research note on Friday, June 5th. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research report on Friday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $401.74.

Tesla Price Performance

NASDAQ:TSLA opened at $354.08 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company’s 50-day moving average price is $358.22 and its two-hundred day moving average price is $382.85.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

About Tesla

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.