Tesla, Inc. $TSLA Shares Acquired by Arizona State Retirement System

Key Points

• Arizona State Retirement System increased its Tesla stake by 0.8% in the second quarter, adding 6,387 shares to own 780,920 shares valued at approximately $328.5 million. Tesla represents 1.6% of the fund’s portfolio and is its 10th-largest holding.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above expectations, but earnings per share of $0.33 missed the $0.50 consensus estimate. Institutional investors and hedge funds own 66.2% of the company.
• Analyst sentiment remains mixed, with Tesla carrying a consensus “Hold” rating and a $412.25 price target. Potential catalysts include expansion into Vietnam, the planned Roadster reveal, and Samsung’s trial production of Tesla’s AI5 processor.

Arizona State Retirement System grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 780,920 shares of the electric vehicle producer's stock after acquiring an additional 6,387 shares during the period. Tesla comprises 1.6% of Arizona State Retirement System's investment portfolio, making the stock its 10th biggest holding. Arizona State Retirement System's holdings in Tesla were worth $328,455,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Friedenthal Financial raised its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the period. Harborfront Financial Group LLC purchased a new position in shares of Tesla during the second quarter worth $34,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Tesla during the fourth quarter worth $37,000. Lam Group Inc. acquired a new stake in shares of Tesla in the first quarter valued at $37,000. Finally, Montgomery Financial Services LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at $40,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.4%

Tesla stock opened at $358.08 on Thursday. The stock has a market cap of $1.41 trillion, a PE ratio of 331.56, a P/E/G ratio of 18.66 and a beta of 1.84. 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 is $350.84 and its two-hundred day moving average is $380.12. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The company's revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 0.85 EPS for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registered a Vietnamese sales subsidiary, giving it a formal foothold in a growing electric-vehicle market dominated by VinFast. The move expands Tesla’s addressable market, although near-term revenue is likely to be limited. Tesla Vietnam expansion
• Positive Sentiment: Investor attention is building ahead of the October 1 Roadster reveal. CEO Elon Musk says the demonstration will exceed expectations and could showcase advanced technology, creating a potential near-term catalyst—provided Tesla delivers a production-ready vehicle rather than another concept. Tesla Roadster reveal
• Positive Sentiment: Long-time Tesla investor Ron Baron reiterated that he believes the stock is undervalued, citing expected growth in Full Self-Driving and other businesses. His comments may reinforce bullish sentiment, though they are not new company fundamentals. Ron Baron Tesla outlook
• Positive Sentiment: Samsung has begun trial production of Tesla’s AI5 processor under a reported $16.5 billion foundry agreement. Successful yield testing and future supply could strengthen Tesla’s AI-computing ambitions. Samsung Tesla AI5 production

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSLA. Wells Fargo & Company reissued an "underweight" rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Jefferies Financial Group set a $400.00 price target on shares of Tesla and gave the stock a "hold" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Evercore raised shares of Tesla from a "hold" rating to an "outperform" rating in a research note on Friday, June 5th. Finally, TD Cowen restated a "buy" rating on shares of Tesla in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $412.25.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Tesla Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.

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