Tesla, Inc. $TSLA Stock Holdings Increased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 13.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,617 shares of the electric vehicle producer’s stock after buying an additional 21,498 shares during the quarter. Tesla makes up about 1.0% of Maryland State Retirement & Pension System’s holdings, making the stock its 16th biggest holding. Maryland State Retirement & Pension System’s holdings in Tesla were worth $63,375,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSLA. State Street Corp grew its holdings in Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Amundi lifted its holdings in shares of Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Tesla during the second quarter valued at approximately $8,535,612,000. Bank of New York Mellon Corp bought a new stake in shares of Tesla in the 2nd quarter worth approximately $6,083,630,000. Finally, Bamco Inc. NY boosted its position in shares of Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after purchasing an additional 591,243 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 owned by company insiders.

Trending Headlines about Tesla

Here are a few of the latest headlines about TSLA:

• Positive Sentiment: Elon Musk said Cybertruck production will continue through summer 2027 to help clear a backlog, extending the truck’s run beyond the previously discussed wind-down timeline. This suggests demand remains ahead of current production, although Tesla still plans to shift factory capacity toward its Cybercab robotaxi. CBS News: Tesla extends Cybertruck production to clear backlog
• Neutral Sentiment: A report said Tesla’s Texas robotaxi fleet reached 1,302 registered vehicles, surpassing Waymo in that state. Fleet growth may strengthen Tesla’s autonomous-driving ambitions, but the business’s commercial potential still depends on regulatory approval and successful service expansion. TipRanks: Tesla Robotaxi Overtakes Waymo in Texas
• Negative Sentiment: Jefferies downgraded Tesla from “strong buy” to “hold,” adding a cautious analyst signal amid concerns about the company’s outlook and valuation.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $390.82 on Thursday. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The firm has a market cap of $1.54 trillion, a P/E ratio of 429.48, a PEG ratio of 23.53 and a beta of 1.74. The company has a 50 day moving average of $373.66 and a 200 day moving average of $383.44. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 3.03% and a net margin of 3.11%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of several recent research reports. Jefferies Financial Group downgraded Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday. Oppenheimer began coverage on Tesla in a research note on Thursday, October 22nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on Tesla from $415.00 to $430.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. KeyCorp raised Tesla to a “sector weight” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Tesla in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Profile

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.