California Public Employees Retirement System Has $1.93 Billion Position in Tesla, Inc. $TSLA

California Public Employees Retirement System lessened its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,178,868 shares of the electric vehicle producer’s stock after selling 52,687 shares during the period. Tesla comprises about 1.2% of California Public Employees Retirement System’s investment portfolio, making the stock its 11th largest position. California Public Employees Retirement System’s holdings in Tesla were worth $1,925,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Networth Advisors LLC acquired a new stake in Tesla during the 4th quarter valued at approximately $26,000. Davidson Capital Management Inc. raised its holdings in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter worth approximately $30,000. Prism Advisors Inc. bought a new stake in shares of Tesla in the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla in the 3rd quarter valued at $31,000. 66.20% of the stock is currently owned by institutional investors.

Key Tesla News

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.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were 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 $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of analyst reports. BTIG Research downgraded shares of Tesla to a “neutral” rating in a research note on Friday, June 5th. Phillip Securities cut their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a report on Monday, June 1st. Mizuho lowered their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Citigroup initiated coverage on Tesla in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $408.07.

Tesla Price Performance

Shares of TSLA opened at $380.79 on Friday. The business’s fifty day moving average is $409.41 and its 200 day moving average is $406.00. Tesla, Inc. has a 12-month low of $297.82 and a 12-month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.43 trillion, a P/E ratio of 349.35, a P/E/G ratio of 14.05 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating 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 business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business posted $0.27 EPS. Tesla’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.32 earnings per share 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.