Rhumbline Advisers Sells 85,592 Shares of Tesla, Inc. $TSLA

Rhumbline Advisers lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,094,392 shares of the electric vehicle producer’s stock after selling 85,592 shares during the quarter. Tesla accounts for about 1.8% of Rhumbline Advisers’ holdings, making the stock its 8th biggest position. Rhumbline Advisers’ holdings in Tesla were worth $2,265,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TSLA. Vanguard Group Inc. raised its holdings in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares in the last quarter. Norges Bank purchased a new stake in shares of Tesla in the second quarter worth approximately $11,839,824,000. Legal & General Group Plc lifted its holdings in shares of Tesla by 5.9% in the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after purchasing an additional 1,134,678 shares in the last quarter. Finally, Amundi boosted its position in shares of Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after buying an additional 3,422,270 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported Q4 profits despite a 61% decline year-over-year and beat expectations on revenue and EPS, with automotive revenue and margins holding up better than feared — supports valuation and investor confidence. I Predicted Tesla Would Be Unprofitable. I Was Dead Wrong.
• Positive Sentiment: Tencent Cloud partnership to integrate WeChat-linked in-car features and smart destination services in China could boost in-market UX and recurring software monetization opportunities in Tesla’s largest EV market. Tencent, Tesla team up on WeChat-linked in-car features in China
• Positive Sentiment: Pricing for the Semi reportedly set at ~$260k (Standard) and ~$300k (Long-Range), undercutting rivals — a competitive, revenue-accretive commercial product launch that could accelerate fleet orders and margin mix. Tesla To Charge $300,000 For Long-Range Semi…
• Positive Sentiment: Tesla could be eligible for up to ~$165M in California clean-truck incentives for the Semi — a meaningful offset to capex and a sales catalyst for fleet customers. Tesla Could Land $165 Million in California Incentives for Its Electric Semi
• Positive Sentiment: Executives announced active hiring toward Elon Musk’s 100 GW U.S. solar manufacturing target and laid out a timeline — concreteness on solar/energy expansion supports long-term upside beyond cars. Tesla (TSLA) Stock Gains 4% on Solar Manufacturing Expansion
• Neutral Sentiment: Institutional flows are mixed: Fisher Asset Management modestly increased its stake while Morningstar trimmed ~23k shares — signals of portfolio rebalancing rather than a clear directional vote. Fisher Asset Management Boosts Tesla Stake… Morningstar Investment Management Cuts Tesla Stake…
• Negative Sentiment: Senior departures continue: VP Raj Jegannathan (IT/AI-infra/sales leader) left after 13 years — recurring leadership churn raises execution risk for software/AI and sales initiatives. Tesla exec Raj Jegannathan leaves automaker after 13 years
• Negative Sentiment: Broader exec turnover at Tesla/xAI and a filing against a union member for secretly recording a works council meeting in Germany add labor, regulatory and cultural risk that could weigh on near-term operational continuity. More Tesla, xAI Execs Resign—Why Leaders Keep Ditching Elon Musk Tesla files complaint against union member…

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 119,457 shares of company stock worth $53,501,145. Insiders own 19.90% of the company’s stock.

Tesla Stock Up 1.9%

Tesla stock opened at $425.21 on Wednesday. The firm has a 50 day simple moving average of $446.11 and a 200 day simple moving average of $413.26. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 393.71, a P/E/G ratio of 13.98 and a beta of 1.86. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSLA. UBS Group raised their price objective on Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research note on Thursday, January 29th. CICC Research upped their target price on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. New Street Research raised their price target on shares of Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, January 27th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $403.92.

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.