Primecap Management Co. CA Has $2.94 Billion Position in Tesla, Inc. $TSLA

Primecap Management Co. CA lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,622,130 shares of the electric vehicle producer’s stock after selling 295,035 shares during the quarter. Tesla accounts for 2.3% of Primecap Management Co. CA’s portfolio, making the stock its 10th biggest holding. Primecap Management Co. CA owned about 0.20% of Tesla worth $2,944,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Tesla by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock worth $112,241,237,000 after buying an additional 995,623 shares during the period. Geode Capital Management LLC boosted its position in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after buying an additional 1,269,304 shares during the period. Norges Bank bought a new position in Tesla in the 2nd quarter worth about $11,839,824,000. Legal & General Group Plc increased its position in shares of Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock worth $6,424,705,000 after acquiring an additional 1,134,678 shares during the period. Finally, Amundi increased its position in shares of Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after acquiring an additional 3,422,270 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. HSBC reiterated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Benchmark reissued a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft cut their price target on Tesla from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. New Street Research upped their price objective on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, January 27th. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $408.09.

Tesla Stock Performance

TSLA stock opened at $417.26 on Thursday. Tesla, Inc. has a one year low of $214.25 and a one year high of $498.83. The firm has a market cap of $1.57 trillion, a price-to-earnings ratio of 386.35, a PEG ratio of 14.47 and a beta of 1.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The firm has a 50-day simple moving average of $436.53 and a two-hundred day simple moving average of $420.06.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. Tesla’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Grok AI expands internationally — Tesla has begun rolling out its Grok AI assistant to drivers in Australia and New Zealand, which supports the company’s strategy to grow software, in‑car services and recurring revenue streams. Tesla (TSLA) Rolls Out Its Grok AI Assistant to Australia and New Zealand Drivers
• Positive Sentiment: Market is still rewarding the AI/robotics narrative — coverage notes skepticism about Optimus but the stock has risen as investors price Tesla more like an AI/robotics platform than a legacy automaker, supporting upside if execution tests out. The Tesla Robot Opportunity Is a ‘Delusion.’ The Stock Rises Anyway.
• Neutral Sentiment: Valuation vs. narrative — analysts highlight Tesla’s P/E near multi‑year highs as the market prices long‑term robotics/AI growth; that makes the stock highly sensitive to any execution misses. Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal?
• Negative Sentiment: Autopilot legal hit could be costly — a judge upheld a ~$243M jury verdict tied to an Autopilot‑related crash, a decision that signals larger liability and reputational headwinds for Tesla’s safety claims and FSD business economics. Tesla loses crucial Autopilot ruling that could cost hundreds of millions
• Negative Sentiment: Regulatory fight continues — Tesla has sued the California DMV to overturn a false‑advertising finding about FSD/Autopilot; ongoing regulatory scrutiny raises the risk of restrictions or required changes to marketing and product rollouts. Tesla vs California DMV not over yet — sues to reverse FSD false advertising ruling
• Negative Sentiment: Europe sales slipping — January EU registrations fell sharply (≈17% YoY) while rivals like BYD are gaining share, pressuring revenue and margins in a key market. Tesla’s Europe problem keeps getting worse. Here’s why
• Negative Sentiment: Execution & cost risk from pivot to robots — Tesla is repurposing Fremont production for Optimus and signaling >$20B capex for Robotaxi/AI infrastructure while winding down some premium vehicle lines; this increases near‑term cash burn and execution risk if robot revenues take time to materialize. Tesla Refocuses On AI And Robotics As Legal Risks Mount
• Negative Sentiment: Labor/hiring legal exposure — a U.S. judge allowed a discrimination lawsuit alleging preference for non‑U.S. workers to proceed, adding another potential legal and reputational headwind. Tesla must face lawsuit alleging anti‑American bias in hiring, US judge rules

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. Corporate insiders own 19.90% of the company’s stock.

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.