Norges Bank Purchases New Stake in Tesla, Inc. $TSLA

Key Points

• Norges Bank disclosed a new stake in Tesla, buying 38.1 million shares in the fourth quarter worth about $17.1 billion. The position represents 1.8% of the fund’s holdings and makes Tesla its ninth-largest holding.
• Other major institutional investors also increased Tesla holdings, including Vanguard, State Street, and Geode Capital, and 66.2% of Tesla’s stock is owned by hedge funds and other institutions.
• Tesla insiders have recently sold shares, including CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson, while analysts remain mixed with an overall “Hold” rating and an average price target of $395.20.

Norges Bank purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,086,143 shares of the electric vehicle producer's stock, valued at approximately $17,128,100,000. Tesla makes up 1.8% of Norges Bank's holdings, making the stock its 9th biggest holding. Norges Bank owned 1.01% of Tesla as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. State Street Corp boosted its stake in shares of Tesla by 0.3% in the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer's stock valued at $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $29,426,070,000 after buying an additional 375,946 shares in the last quarter. Capital World Investors raised its holdings in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Tesla by 5.5% during the fourth quarter. Legal & General Group Plc now owns 20,181,227 shares of the electric vehicle producer's stock worth $9,075,901,000 after purchasing an additional 1,043,213 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 57,482 shares of company stock valued at $21,508,331. Insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSLA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $510.00 price objective on shares of Tesla in a report on Wednesday, April 22nd. Truist Financial reduced their price objective on Tesla from $438.00 to $400.00 and set a "hold" rating for the company in a report on Thursday, April 2nd. UBS Group lifted their price objective on Tesla from $352.00 to $364.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. reaffirmed a "sell" rating on shares of Tesla in a report on Wednesday, April 22nd. Finally, Bank of America started coverage on Tesla in a report on Wednesday, March 4th. They set a "buy" rating and a $460.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $395.20.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla was reported to have received authorization in Texas to operate driverless vehicles commercially, a key regulatory step that could move its robotaxi plans closer to launch and support the stock. Tesla (TSLA) Moves Closer to Robotaxi Launch after Texas Driverless Approval
• Positive Sentiment: Counterpoint Research data showed Tesla reclaiming the No. 1 spot in the global battery EV market in Q1 2026, reinforcing its leadership in EVs even as industry growth was modest. Tesla Reclaims No. 1 Position In Global Battery EV Race
• Positive Sentiment: European momentum remained a tailwind, with reports that Tesla EV registrations spiked in Europe and the stock was nearing a buy point, suggesting improving near-term demand trends. Tesla EV Registrations In Europe Spike. The Stock Is Closing In On A Buy Point.
• Neutral Sentiment: Multiple articles and market commentary pointed to Tesla’s huge valuation being tied to future robotaxis, Optimus, and AI products that still feel years away, which keeps sentiment dependent on execution rather than current fundamentals.
• Neutral Sentiment: There was also renewed speculation about a possible Tesla-SpaceX merger, which could be transformative if it ever happened, but remains highly speculative and difficult to value.
• Negative Sentiment: Fresh reports that Tesla’s Texas robotaxi fleet is far smaller than Waymo’s — 42 registered vehicles versus 577 — raised concerns that Tesla is lagging competitors in autonomous deployment. Tesla's robotaxi fleet in Texas is still playing catch-up to Waymo
• Negative Sentiment: Other coverage said Tesla’s FSD rollout and robotaxi progress were being overshadowed by Waymo’s lead, adding pressure to the company’s autonomous vehicle narrative.

Tesla Stock Performance

NASDAQ TSLA opened at $435.79 on Friday. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The stock has a market cap of $1.64 trillion, a price-to-earnings ratio of 399.81, a price-to-earnings-growth ratio of 17.46 and a beta of 1.79. The business has a fifty day moving average of $391.84 and a 200-day moving average of $416.40. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal 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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