California Public Employees Retirement System Sells 52,687 Shares of Tesla, Inc. $TSLA

California Public Employees Retirement System lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,178,868 shares of the electric vehicle producer’s stock after selling 52,687 shares during the quarter. Tesla comprises 1.2% of California Public Employees Retirement System’s holdings, making the stock its 11th biggest position. California Public Employees Retirement System owned 0.14% of Tesla worth $1,925,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. PFS Partners LLC boosted its holdings in Tesla by 4.2% in the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares during the period. Woodmont Investment Counsel LLC increased its holdings in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after purchasing an additional 25 shares during the period. Aspect Partners LLC raised its position in shares of Tesla by 12.5% in the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after buying an additional 25 shares in the last quarter. Human Investing LLC raised its position in shares of Tesla by 4.5% in the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after buying an additional 25 shares in the last quarter. Finally, SilverOak Wealth Management LLC boosted its stake in shares of Tesla by 2.3% in the fourth quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after buying an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $460 price target, citing rapid robotaxi expansion, better-than-expected deliveries, and upcoming Optimus milestones.
• Positive Sentiment: Analysts and investors continue to focus on Tesla’s robotaxi, Cybercab, and Optimus programs, which remain major long-term growth catalysts.
• Positive Sentiment: Erste Group raised its FY2026 earnings estimate for Tesla, signaling at least some improving expectations heading into the report.
• Neutral Sentiment: Wall Street expects a sizable earnings-driven stock move, with options pricing implying elevated volatility around the report.
• Neutral Sentiment: Recent coverage highlights that Tesla’s quarterly delivery strength has not yet translated into a sustained stock rebound, suggesting investors want more than just beat-and-raise narratives.
• Negative Sentiment: Broader AI and high-growth tech weakness is weighing on Tesla, as investors worry about stretched valuations and cooling enthusiasm for expensive megacap names.
• Negative Sentiment: Several reports point to skepticism around Tesla’s valuation, with commentary noting the stock could be vulnerable if earnings, margins, or guidance disappoint.
• Negative Sentiment: Competitive and regulatory headwinds remain in focus, including tougher EV competition in Europe, a denied NHTSA petition over a headlight recall issue, and ongoing scrutiny of Tesla’s autonomy claims.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. HSBC restated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. Morgan Stanley raised their price target on Tesla from $415.00 to $417.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. Finally, Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $408.07.

Insider Activity

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla 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 of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 business’s stock in a transaction dated 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 sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,015 shares of company stock valued at $12,383,640 over the last quarter. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Down 2.6%

Shares of NASDAQ:TSLA opened at $380.79 on Friday. Tesla, Inc. has a 52-week low of $297.82 and a 52-week high of $498.83. The company has a market capitalization of $1.43 trillion, a PE ratio of 349.35, a price-to-earnings-growth ratio of 14.05 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The company has a fifty day moving average of $409.41 and a 200-day moving average of $406.00.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities analysts predict that Tesla, Inc. will post 1.32 EPS for the current fiscal year.

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.