QRG Capital Management Inc. Increases Stock Holdings in Tesla, Inc. $TSLA

QRG Capital Management Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 487,632 shares of the electric vehicle producer’s stock after buying an additional 36,916 shares during the quarter. Tesla makes up approximately 1.5% of QRG Capital Management Inc.’s portfolio, making the stock its 11th biggest position. QRG Capital Management Inc.’s holdings in Tesla were worth $205,098,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares during the period. Geode Capital Management LLC lifted its holdings in Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after buying an additional 375,946 shares during the period. Norges Bank bought a new stake in Tesla during the 4th quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC boosted its position in Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. 66.20% of the stock is currently owned by institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Fitch assigned Tesla its first BBB investment-grade rating, potentially lowering borrowing costs and broadening access to debt markets as the company considers roughly $25 billion in spending on AI, autonomy and infrastructure. Tesla Rises as BBB Rating Meets a $25 Billion Buildout
• Positive Sentiment: Tesla Semi was selected as the primary supplier for a reported 2,500-truck electric fleet order, strengthening the commercial-vehicle growth story and offering a potential source of future revenue beyond passenger cars. Tesla Semi Wins Primary Spot in Record 2,500-Truck Electric Fleet Order
• Positive Sentiment: Investors are anticipating the October 1 Roadster reveal, while Tesla expanded Grok in its vehicles so the assistant can handle tasks such as accessing emails, documents and ordering food. These features reinforce the company’s software and AI ambitions. Tesla Roadster Reveal
• Positive Sentiment: Billionaire investors Stanley Druckenmiller and Ron Baron reportedly view Tesla’s Full Self-Driving and autonomy opportunity as a major part of the investment case, helping sustain enthusiasm for long-term AI-related growth. Investors’ Tesla FSD Thesis
• Neutral Sentiment: Tesla registered a local entity in Vietnam, signaling possible entry into a fast-growing EV market. However, domestic leader VinFast reportedly holds a strong local advantage in market share, charging and service infrastructure. Tesla Makes a Move in Vietnam
• Negative Sentiment: Elon Musk acknowledged that Tesla has still found no automaker willing to license FSD, limiting near-term evidence that autonomy can become a high-margin licensing business. Tesla Has Zero FSD Licensing Takers
• Negative Sentiment: Analysts and commentators continue to flag weak Cybertruck performance, lower delivery expectations and competition from new EV makers. At roughly 352 times earnings, Tesla’s valuation leaves limited room for delays or disappointing execution.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.

Tesla Stock Up 0.3%

NASDAQ:TSLA traded up $1.22 during trading hours on Wednesday, reaching $380.12. 33,406,048 shares of the company traded hands, compared to its average volume of 52,297,203. The business’s 50-day moving average price is $348.44 and its two-hundred day moving average price is $379.28. The stock has a market capitalization of $1.50 trillion, a P/E ratio of 351.97, a P/E/G ratio of 18.95 and a beta of 1.84. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue was up 25.5% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on TSLA. Citizens Jmp assumed coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Piper Sandler initiated coverage on Tesla in a research note on Monday, September 14th. They issued an “overweight” rating on the stock. BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $412.25.

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.