Arizona State Retirement System Has $357.73 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Arizona State Retirement System trimmed its Tesla stake by 6% in Q4 to 795,441 shares, valued at about $357.73 million, making TSLA 1.9% of its portfolio and its 9th largest holding.
• Insider selling has been notable recently: Director Kathleen Wilson‑Thompson sold 25,809 shares and CFO Vaibhav Taneja sold 2,264 shares, with insiders offloading 53,804 shares (~$20.9M) in the last three months while insiders still hold about 19.9% of the stock.
• Wall Street has a consensus "Hold" rating on Tesla with an average price target of $398.45; the company posted a Q1 EPS beat and positive free cash flow but faces investor concerns from a $25B capex plan and FSD‑related legal/upgrade risks.

Arizona State Retirement System trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,441 shares of the electric vehicle producer's stock after selling 51,126 shares during the period. Tesla makes up 1.9% of Arizona State Retirement System's portfolio, making the stock its 9th biggest holding. Arizona State Retirement System's holdings in Tesla were worth $357,726,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new stake in Tesla during the second quarter worth about $26,000. Networth Advisors LLC acquired a new stake in Tesla during the fourth quarter worth about $26,000. Davidson Capital Management Inc. grew its position in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Tesla during the third quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Tesla during the third quarter worth about $30,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Phillip Securities cut their price target on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Monday, February 2nd. TD Cowen restated a "buy" rating and set a $490.00 price target on shares of Tesla in a research note on Thursday. Roth Mkm restated a "buy" rating on shares of Tesla in a research note on Thursday. China Renaissance raised their price target on shares of Tesla from $380.00 to $382.00 and gave the stock a "hold" rating in a research note on Monday, February 2nd. Finally, Barclays restated a "neutral" rating on shares of Tesla in a research note on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and eight have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $398.45.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. This trade represents a 43.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Performance

NASDAQ:TSLA opened at $376.30 on Friday. Tesla, Inc. has a 1 year low of $259.63 and a 1 year high of $498.83. The firm has a 50 day moving average of $385.94 and a 200-day moving average of $420.76. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.41 trillion, a P/E ratio of 345.23, a price-to-earnings-growth ratio of 11.87 and a beta of 1.91.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.36 EPS for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Q1 beat and positive free cash flow give near-term support: Tesla topped EPS estimates and reported positive free cash flow, which reassures income-focused investors even as the company pivots toward AI and services. Tesla Q1 Earnings Beat on Vehicle Demand Rebound
• Positive Sentiment: Cybercab production begins — tangible progress on robotaxi strategy: Videos and company posts show the Cybercab rolling off the Austin line, a concrete operational milestone that supports the long-term autonomy narrative. Watch the Cybercab robotaxi roll off Tesla's production line
• Positive Sentiment: Some analyst support: DZ Bank lifted its rating (Sell → Hold) and other firms reiterated favorable views, giving the rally more analyst-backed legitimacy. DZ Bank Upgrades Tesla From Sell to Hold
• Neutral Sentiment: $2B investment in SpaceX deepens Musk-era linkages — strategic optionality but raises governance/related-party questions; impact on Tesla depends on future returns from collaborations. Elon Musk's Tesla Invested $2 Billion Into SpaceX
• Neutral Sentiment: Quiet $2B AI-hardware acquisition disclosed — strengthens Tesla’s AI stack but raises transparency questions; investors will watch integration and capex offsets. Tesla quietly discloses $2 billion AI hardware company acquisition
• Negative Sentiment: Massive $25B CapEx hike spooks investors — Musk’s push into AI, chips, Optimus and robotaxis means cash flow is likely to go negative for the rest of 2026, heightening execution and dilution risk. Tesla's $25 billion spending plan tests investor faith
• Negative Sentiment: Musk’s FSD admissions and upgrade requirements create reputational and cost risks — public comments that past FSD claims were overstated and that many cars need hardware retrofits could trigger customer pushback, regulatory scrutiny and unexpected warranty/capex. Elon Musk admits millions of Tesla owners need upgrades for true ‘Full Self-Driving'
• Negative Sentiment: Allegations and admissions around FSD claims raise legal/regulatory pressure — headlines that management “admitted” past FSD claims were misleading increase litigation and oversight risk, a potential overhang on sentiment. Musk Admits Tesla Full Self-Driving Claims Were Lies
• Negative Sentiment: Robotaxi timeline pulled back / rollout uncertainty: Management removed concrete near-term city timelines, increasing execution risk and pushing some valuation farther into the future. Tesla's robotaxi timeline just got a little fuzzier

About Tesla

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.

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