51,192 Tesla, Inc. $TSLA Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,468 shares of the electric vehicle producer’s stock after selling 51,192 shares during the quarter. Tesla accounts for about 0.7% of VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings, making the stock its 18th largest position. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tesla were worth $118,318,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TSLA. Legal & General Group Plc purchased a new position in Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in Tesla during the 2nd quarter valued at $6,083,630,000. Deutsche Bank AG purchased a new stake in shares of Tesla in the second quarter valued at $4,039,090,000. Canada Pension Plan Investment Board purchased a new stake in shares of Tesla in the second quarter valued at $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Tesla in the second quarter valued at $2,995,584,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research report on Thursday, October 22nd. KeyCorp raised Tesla to a “sector weight” rating in a research note on Monday, September 28th. Canaccord Genuity Group set a $442.00 price objective on Tesla and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 target price on shares of Tesla in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $414.51.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on 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 approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
• Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
• Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
• Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
• Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
• Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars

Tesla Trading Down 0.9%

NASDAQ:TSLA opened at $399.81 on Friday. The company has a market capitalization of $1.58 trillion, a P/E ratio of 439.36, a P/E/G ratio of 24.98 and a beta of 1.92. The stock’s 50 day moving average price is $369.61 and its 200 day moving average price is $385.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. On average, research analysts forecast that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Tesla Company Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.