Employees Retirement System of Texas Sells 3,600 Shares of Tesla, Inc. $TSLA

Employees Retirement System of Texas cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 406,756 shares of the electric vehicle producer’s stock after selling 3,600 shares during the period. Tesla accounts for 1.4% of Employees Retirement System of Texas’ holdings, making the stock its 12th biggest holding. Employees Retirement System of Texas’ holdings in Tesla were worth $180,893,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the 3rd quarter worth $29,000. CoreFirst Bank & Trust bought a new stake in Tesla during the second quarter valued at about $30,000. ESL Trust Services LLC grew its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in Tesla in the second quarter valued at about $32,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla Energy Ventures won regulatory approval to sell electricity across Great Britain, opening a new, higher‑margin revenue channel beyond cars that supports Tesla’s energy/software strategy. Article Title
• Positive Sentiment: China production/deliveries rebounded in February (large YoY jump), which should help near‑term revenue recovery in Tesla’s biggest non‑U.S. market. Investors see this as supportive even if the market treated the print as “already priced.” Article Title
• Neutral Sentiment: Tesla joined a coalition with tech firms (including Google) to improve grid operations — a strategic fit with its energy business but a multi‑year initiative before material earnings impact. Article Title
• Neutral Sentiment: Tesla secured FTC approval to swap its xAI stake for a small SpaceX equity position — simplifies holdings and shifts exposure, but the near‑term cash/revenue effect is minor. Article Title
• Negative Sentiment: Broader market pressure from rising oil prices and geopolitical tensions (Iran) is weighing on growth/tech stocks and amplified selling in TSLA today. Article Title
• Negative Sentiment: Analysts and trackers flagged deteriorating FSD safety metrics after recent software updates, raising regulatory and adoption risk for Tesla’s high‑value software roadmap. Article Title
• Negative Sentiment: Wall Street has cut delivery forecasts and warned the vehicle delivery slide could extend into a third year, which pressures near‑term revenue/margins as Tesla reallocates capital to AI/robotics. Article Title
• Negative Sentiment: Executive departures (including a key robotaxi/back‑end director) and intensifying competition (e.g., Rivian’s R2 push) add execution risk to Tesla’s pivot from pure auto growth to AI/robotics. Article Title

Wall Street Analyst Weigh In

TSLA has been the subject of several analyst reports. Stifel Nicolaus set a $508.00 price target on shares of Tesla in a research report on Thursday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, January 29th. Wedbush restated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Thursday, January 29th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Finally, TD Cowen increased their price objective on Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $406.84.

Tesla Trading Down 3.1%

Shares of Tesla stock opened at $395.01 on Friday. The firm’s 50 day simple moving average is $420.92 and its two-hundred day simple moving average is $424.66. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 365.75, a PEG ratio of 12.06 and a beta of 1.89. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. 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 (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total value of $10,692,774.36. Following the completion of the sale, the director owned 19,669 shares in the company, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,995 shares of company stock worth $38,315,650. 19.90% of the stock is currently owned by insiders.

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.