State of New Jersey Common Pension Fund D Reduces Stock Holdings in Tesla, Inc. $TSLA

Key Points

• State of New Jersey Common Pension Fund D trimmed its Tesla stake by 4.5% in Q4, selling 45,367 shares and now holding 965,773 shares worth about $434,327,000 (Tesla is 1.6% of the fund and its 11th largest position).
• Notable insider selling: Director Kathleen Wilson‑Thompson sold 25,809 shares (~$9.27M) and CFO Vaibhav Taneja sold 2,264 shares (~$898,876); insiders sold 53,804 shares total (~$20.87M) and now own 19.90% of the stock.
• Mixed analyst and operating outlook: consensus rating is a "Hold" with a $398.42 target (19 Buy / 17 Hold / 5 Sell), while Tesla beat EPS ($0.41 vs. $0.39) but missed revenue and faces headwinds from heavy capex plans and intensifying China competition.

State of New Jersey Common Pension Fund D trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 965,773 shares of the electric vehicle producer's stock after selling 45,367 shares during the period. Tesla comprises 1.6% of State of New Jersey Common Pension Fund D's holdings, making the stock its 11th largest position. State of New Jersey Common Pension Fund D's holdings in Tesla were worth $434,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Holocene Advisors LP boosted its holdings in Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock worth $2,738,141,000 after buying an additional 3,505,000 shares during the last quarter. Jennison Associates LLC increased its stake in Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock worth $4,851,747,000 after buying an additional 3,021,550 shares in the last quarter. Capital World Investors lifted its position in shares of Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock valued at $19,583,547,000 after acquiring an additional 2,403,019 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Tesla by 788.2% during the fourth quarter. SG Americas Securities LLC now owns 1,226,536 shares of the electric vehicle producer's stock worth $551,598,000 after purchasing an additional 1,088,437 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSLA. Wedbush restated an "outperform" rating and issued a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. Mizuho decreased their price objective on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. HSBC assumed coverage on Tesla in a research note on Monday. They set a "buy" rating on the stock. Phillip Securities boosted their price objective on Tesla from $215.00 to $220.00 and gave the company a "sell" rating in a research note on Monday. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $510.00 target price on shares of Tesla in a research report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $398.42.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: First Tesla Semi begins high‑volume production — a visible execution milestone that supports revenue diversification beyond passenger EVs and signals Tesla remains on track to start volume manufacturing of several new products in 2026. First Tesla Semi rolls off high volume production line
• Positive Sentiment: Analyst sentiment mixed but some support: Deutsche Bank reaffirmed a buy rating and Zacks moved Tesla from “strong sell” to “hold,” providing some analyst-driven support for the shares. Deutsche Bank gives a buy rating Zacks upgrade to hold
• Neutral Sentiment: Elon Musk to return to the witness stand in his suit against OpenAI — a high‑profile legal proceeding that can create headlines and distract management, but its direct financial impact on Tesla is uncertain. Elon Musk to return to witness stand
• Neutral Sentiment: Robotaxi/Cybercab and Optimus updates remain a long‑term optionality story — progress (Cybercab production, Optimus teasers) supports upside if autonomy/robotics scale, but rollout timelines and monetization remain uncertain. Tesla’s Cybercab Is Finally Real—But Is It Enough?
• Negative Sentiment: Massive capex outlook — Morgan Stanley flags Tesla’s capex to exceed $25B in 2026, which signals heavy near‑term cash needs and can pressure margins/earnings expectations even as it funds growth initiatives. Capex to Exceed $25B in 2026, Says Morgan Stanley
• Negative Sentiment: Analyst earnings cuts — Erste Group trimmed FY2026–FY2027 EPS forecasts, lowering near‑term profit expectations and highlighting how heavy spending plus slower-than-expected revenue execution can compress EPS. Erste Group lowers FY2026/FY2027 estimates
• Negative Sentiment: Intensifying China competition — NIO and other Chinese EV makers are launching cheaper models and aggressive pricing that could pressure Tesla’s share and margins in key markets, an ongoing structural risk to growth and pricing power. NIO stock soars after Onvo L80 reveal

Tesla Price Performance

Tesla stock opened at $371.08 on Thursday. The firm's 50-day simple moving average is $383.70 and its 200 day simple moving average is $419.55. Tesla, Inc. has a 52 week low of $271.00 and a 52 week high of $498.83. The firm has a market capitalization of $1.39 trillion, a PE ratio of 343.80, a P/E/G ratio of 13.59 and a beta of 1.91. 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 announced its quarterly earnings data on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. 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 company earned $0.27 EPS. The business's quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 1.32 EPS 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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