CI Investments Inc. Cuts Position in Tesla, Inc. $TSLA

Key Points

• CI Investments cut its stake in Tesla by 23.0% in Q3, selling 6,258 shares and ending the quarter with 20,929 shares valued at about $9.31 million.
• Company insiders have been net sellers: Director Kathleen Wilson‑Thompson sold 25,731 shares (~$10.69 million at $415.56) and insiders sold a total of 145,188 shares worth about $64.19 million over the last three months.
• Analyst sentiment is mixed with an average rating of “Hold” and an average price target of $406.84 (19 Buys, 13 Holds, 9 Sells).

CI Investments Inc. cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,929 shares of the electric vehicle producer's stock after selling 6,258 shares during the period. CI Investments Inc.'s holdings in Tesla were worth $9,308,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TSLA. Narwhal Capital Management lifted its stake in Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after purchasing an additional 2,350 shares in the last quarter. Norges Bank purchased a new stake in shares of Tesla in the second quarter worth $11,839,824,000. Police & Firemen s Retirement System of New Jersey boosted its stake in Tesla by 5.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock valued at $135,688,000 after buying an additional 22,607 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock valued at $8,019,000 after acquiring an additional 3,724 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TSLA shares. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, January 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price target on shares of Tesla in a research note on Thursday, January 29th. Mizuho set a $540.00 price objective on shares of Tesla and gave the company an "outperform" rating in a research report on Thursday, January 29th. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, January 27th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $406.84.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business's stock in a transaction dated 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 transaction, the director owned 19,669 shares in the company, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 145,188 shares of company stock worth $64,193,919. 19.90% of the stock is owned by company insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bank of America resumed coverage with a Buy rating and $460 price target, calling Tesla the current leader in consumer autonomy and robotaxis — a high‑profile vote of confidence that lifts sentiment. Tesla Stock Is Rising as It Gets a New Vote of Confidence From Wall Street
• Positive Sentiment: Analysts and outlets are emphasizing Tesla’s autonomy upside — some argue the self‑driving/robotaxi opportunity could be worth more than the EV division, supporting a higher multiple. Tesla's self-driving effort could be worth more than double its EV division
• Positive Sentiment: New footage and reports of a Model Y completing a long FSD run without intervention have reignited optimism about software progress and commercial autonomy prospects. Tesla Model Y Completes Huge FSD Run Without Intervention, Tesla Stock NASDAQ: TSLA Surges
• Positive Sentiment: Some European markets showed signs of sales stabilization/rebound in February (France, Portugal), reducing near‑term delivery worries in key markets. Does Tesla's February Sales Surge Signal a Turnaround in Europe?
• Neutral Sentiment: Elon Musk’s comments about Tesla developing AGI and humanoid robots keep long‑term upside narratives alive but are speculative and unlikely to affect near‑term fundamentals. ‘Tesla Will Probably Be the First to Make AGI in Humanoid Form,’ Says Elon Musk
• Neutral Sentiment: CATL’s announced AI spending push highlights faster innovation across the battery supply chain — a reminder of technology competition that could be either supportive or competitive for Tesla. Chinese Battery Giant CATL Ready to Rattle the World With AI Spending Splurge
• Negative Sentiment: Regulatory risk: Tesla must submit detailed FSD data to the NHTSA by March 9 — a missed or problematic filing could escalate scrutiny and hit sentiment, making autonomy progress a near‑term risk. Tesla’s 2026 May Hinge on a March 9 Outcome
• Negative Sentiment: Regionally weak data: UK registrations reportedly plunged in February, underscoring ongoing demand variability in Europe. Tesla's UK sales plummet in February but outpace BYD, New Automotive data shows
• Negative Sentiment: Some sell‑side skepticism persists: BNP Paribas recently cut its target to $280 (Underperform), and labor/union pressure at the Berlin Gigafactory adds operational risk. BNP Paribas adjusts price target on Tesla to $280 from $313, maintains underperform rating German union aims for breakthrough at Tesla Berlin plant

Tesla Stock Performance

NASDAQ TSLA opened at $405.94 on Thursday. The company has a 50-day simple moving average of $428.32 and a two-hundred day simple moving average of $422.35. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The firm has a market cap of $1.52 trillion, a price-to-earnings ratio of 375.87, a PEG ratio of 13.97 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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 return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the company posted $0.73 EPS. Tesla's revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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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