Public Employees Retirement System of Ohio Sells 25,442 Shares of Tesla, Inc. $TSLA

Key Points

• Public Employees Retirement System of Ohio reduced its Tesla stake by 25,442 shares, or 2.2%, to 1.13 million shares worth approximately $476.2 million. Tesla remains the fund’s 11th-largest holding and represents about 1.4% of its portfolio.
• Tesla’s latest quarterly results showed revenue rising 25.5% year over year to $28.24 billion, exceeding estimates, while adjusted earnings of $0.33 per share missed the $0.50 consensus forecast.
• Analyst sentiment is mixed, with Tesla receiving a consensus “Hold” rating and an average price target of $401.74; investors remain focused on potential growth from supervised FSD expansion, Cybercab robotaxis and Tesla’s broader AI ecosystem.

Public Employees Retirement System of Ohio lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,132,308 shares of the electric vehicle producer's stock after selling 25,442 shares during the period. Tesla accounts for approximately 1.4% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 11th largest holding. Public Employees Retirement System of Ohio's holdings in Tesla were worth $476,249,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the 3rd quarter valued at about $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the 3rd quarter worth approximately $31,000. Friedenthal Financial lifted its position in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter valued at approximately $26,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla in the second quarter valued at approximately $34,000. 66.20% of the stock is currently owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $485.00 price target (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the stock a "hold" rating in a research report on Monday, July 13th. The Goldman Sachs Group started coverage on Tesla in a research report on Friday, June 5th. They set a "buy" rating on the stock. Evercore upgraded Tesla from a "hold" rating to an "outperform" rating in a research note on Friday, June 5th. Finally, HSBC reissued a "hold" rating on shares of Tesla in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $401.74.

Tesla Price Performance

NASDAQ TSLA opened at $354.08 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The stock's fifty day moving average price is $357.06 and its 200 day moving average price is $382.45. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a market cap of $1.40 trillion, a price-to-earnings ratio of 327.85, a PEG ratio of 17.88 and a beta of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business's revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 earnings per share for the current year.

Tesla 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.

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