Tesla, Inc. $TSLA Stock Holdings Increased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 892,972 shares of the electric vehicle producer’s stock after buying an additional 16,083 shares during the quarter. Tesla accounts for approximately 1.6% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 9th largest holding. Resona Asset Management Co. Ltd.’s holdings in Tesla were worth $329,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. State Street Corp boosted its position in shares of Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares during the period. Norges Bank acquired a new position in Tesla during the fourth quarter worth approximately $17,128,100,000. Finally, Corient Private Wealth LLC increased its position in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Piper Sandler restated an “overweight” rating on shares of Tesla in a report on Wednesday, June 10th. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Canaccord Genuity Group boosted their price target on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Tesla in a research note on Wednesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $408.52.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Tesla Stock Performance

Shares of TSLA stock opened at $394.11 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.48 trillion, a PE ratio of 361.57, a P/E/G ratio of 14.81 and a beta of 1.80. The company’s fifty day simple moving average is $409.15 and its 200-day simple moving average is $409.76. Tesla, Inc. has a 52 week low of $293.55 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.29 EPS for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is currently owned by insiders.

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.