8,889 Tesla, Inc. $TSLA Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,638 shares of the electric vehicle producer’s stock after selling 8,889 shares during the period. Tesla comprises approximately 1.0% of State of Alaska Department of Revenue’s portfolio, making the stock its 16th largest position. State of Alaska Department of Revenue’s holdings in Tesla were worth $109,507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after acquiring an additional 2,761,298 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Legal & General Group Plc purchased a new stake in Tesla during the 2nd quarter valued at about $8,535,612,000. Amundi boosted its holdings in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares during the period. Finally, Invesco Ltd. grew its position in Tesla by 14.0% during the 4th quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock worth $7,636,301,000 after acquiring an additional 2,082,813 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
• Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
• Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
• Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
• Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Tesla Stock Down 1.3%

Shares of Tesla stock opened at $362.44 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $359.46 and its two-hundred day simple moving average is $377.06. The company has a market cap of $1.43 trillion, a P/E ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSLA. Morgan Stanley reaffirmed a “reduce” rating on shares of Tesla in a research note on Monday, September 14th. TD Cowen reiterated a “buy” rating on shares of Tesla in a research report on Friday, August 14th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. Citizens Jmp started coverage on shares of Tesla in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Citigroup restated a “market perform” rating on shares of Tesla in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $412.33.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

About Tesla

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.