Employees Retirement System of Texas Sells 3,600 Shares of Tesla, Inc. $TSLA

Employees Retirement System of Texas cut its position in Tesla, Inc. (NASDAQ:TSLA) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 406,756 shares of the electric vehicle producer’s stock after selling 3,600 shares during the period. Tesla comprises 1.4% of Employees Retirement System of Texas’ portfolio, making the stock its 12th largest holding. Employees Retirement System of Texas’ holdings in Tesla were worth $180,893,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TSLA. Narwhal Capital Management increased its position in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after purchasing an additional 7,446 shares during the last quarter. Norges Bank purchased a new position in shares of Tesla in the 2nd quarter worth $11,839,824,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock worth $135,688,000 after buying an additional 22,607 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its position in shares of Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after buying an additional 3,935 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of several recent research reports. Truist Financial dropped their price target on Tesla from $439.00 to $438.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. CICC Research upped their price objective on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, March 4th. Canaccord Genuity Group set a $520.00 price target on Tesla in a report on Thursday, January 29th. Finally, President Capital lowered their price target on Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $406.84.

Tesla Stock Performance

TSLA stock opened at $395.01 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The firm has a market cap of $1.48 trillion, a price-to-earnings ratio of 365.75, a PEG ratio of 12.06 and a beta of 1.89. The business’s fifty day simple moving average is $420.92 and its two-hundred day simple moving average is $424.66. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 25,731 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares of the company’s stock, valued at approximately $8,173,649.64. This trade represents a 56.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This represents a 11.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,995 shares of company stock worth $38,315,650 in the last three months. Corporate insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla Energy Ventures won regulatory approval to sell electricity across Great Britain, opening a new, higher‑margin revenue channel beyond cars that supports Tesla’s energy/software strategy. Article Title
• Positive Sentiment: China production/deliveries rebounded in February (large YoY jump), which should help near‑term revenue recovery in Tesla’s biggest non‑U.S. market. Investors see this as supportive even if the market treated the print as “already priced.” Article Title
• Neutral Sentiment: Tesla joined a coalition with tech firms (including Google) to improve grid operations — a strategic fit with its energy business but a multi‑year initiative before material earnings impact. Article Title
• Neutral Sentiment: Tesla secured FTC approval to swap its xAI stake for a small SpaceX equity position — simplifies holdings and shifts exposure, but the near‑term cash/revenue effect is minor. Article Title
• Negative Sentiment: Broader market pressure from rising oil prices and geopolitical tensions (Iran) is weighing on growth/tech stocks and amplified selling in TSLA today. Article Title
• Negative Sentiment: Analysts and trackers flagged deteriorating FSD safety metrics after recent software updates, raising regulatory and adoption risk for Tesla’s high‑value software roadmap. Article Title
• Negative Sentiment: Wall Street has cut delivery forecasts and warned the vehicle delivery slide could extend into a third year, which pressures near‑term revenue/margins as Tesla reallocates capital to AI/robotics. Article Title
• Negative Sentiment: Executive departures (including a key robotaxi/back‑end director) and intensifying competition (e.g., Rivian’s R2 push) add execution risk to Tesla’s pivot from pure auto growth to AI/robotics. Article Title

Tesla Company Profile

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.