Tesla, Inc. $TSLA Stake Reduced by New Mexico Educational Retirement Board

Key Points

• New Mexico Educational Retirement Board trimmed its Tesla stake by 3.0% in Q3 to 126,600 shares, worth about $56.3 million and representing 1.7% of the fund's holdings (its 8th largest holding).
• Insiders sold aggressively over the last quarter (87,995 shares valued at ~$38.3 million, including sales by CFO Vaibhav Taneja and director James R. Murdoch); institutional ownership is 66.2% and Norges Bank opened a new ~$11.84 billion position in Q2.
• Tesla recently beat EPS estimates ($0.50 vs. $0.45) on $24.9 billion revenue (-3.1% YoY), and analysts show a consensus "Hold" with an average price target of $406.84 while the stock trades near $380 (market cap ~$1.43 trillion).

New Mexico Educational Retirement Board trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,600 shares of the electric vehicle producer's stock after selling 3,900 shares during the quarter. Tesla accounts for 1.7% of New Mexico Educational Retirement Board's holdings, making the stock its 8th largest holding. New Mexico Educational Retirement Board's holdings in Tesla were worth $56,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLA. Narwhal Capital Management boosted its position in Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock valued at $4,232,000 after acquiring an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after acquiring an additional 7,446 shares in the last quarter. Norges Bank bought a new position in shares of Tesla in the 2nd quarter worth $11,839,824,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Tesla by 8.8% during 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 purchasing an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock valued at $8,019,000 after purchasing an additional 3,724 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 87,995 shares of company stock valued at $38,315,650. Insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSLA shares. TD Cowen boosted their target price on shares of Tesla from $509.00 to $519.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Truist Financial lowered their price target on shares of Tesla from $439.00 to $438.00 and set a "hold" rating on the stock in a report on Thursday, January 29th. Mizuho set a $540.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research report on Tuesday, January 27th. Finally, BNP Paribas Exane lowered their target price on shares of Tesla from $313.00 to $280.00 and set an "underperform" rating for the company in a research note on Monday, March 2nd. Nineteen investment 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $406.84.

Tesla Stock Performance

TSLA opened at $380.24 on Friday. The company has a market cap of $1.43 trillion, a P/E ratio of 352.07, a price-to-earnings-growth ratio of 11.61 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. The firm's 50-day moving average price is $416.30 and its 200-day moving average price is $426.27. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. Tesla's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s new Class 8 Semi is getting strong early reviews from truckers for range (~500 miles), fast charging and a centered driving position — a positive commercial‑vehicle validation that could expand revenue beyond consumer EVs. Tesla Finally Has Its First Semi-Truck and It's Already a Hit With Truckers
• Positive Sentiment: Elon Musk reiterated plans around in‑house AI chips (AI5/AI6) and Tesla’s Terafab chip project with a target tape‑out window, and Samsung is slated to manufacture Tesla chips — this supports Tesla’s self‑driving and Optimus plans and reduces some supplier risk. Tesla targets December 2026 for next-generation AI6 chip tape-out
• Positive Sentiment: Tesla and LG Energy confirmed a $4.3B U.S. battery plant for Megapack/energy storage — strengthens domestic supply for high‑margin energy products and supports revenue diversification. Tesla, LG Bet on U.S. Batteries With $4.3 Billion Plant
• Neutral Sentiment: Operational bright spots: Model Y remains a top global seller, and Tesla’s multiple chip and fab announcements keep a long‑term optionality narrative intact — but these are longer‑dated drivers. Tesla Model Y Emerges As World's Best-Selling Car
• Negative Sentiment: The biggest near‑term negative: U.S. safety regulators (NHTSA) escalated the FSD probe to an engineering analysis covering millions of vehicles — this raises recall/enforcement risk and hits the core autonomy narrative that supports TSLA’s valuation. US auto safety regulator intensifies probe in Tesla vehicles with FSD
• Negative Sentiment: Analyst/investor concerns: UBS cut Q1 delivery estimates and reiterated skepticism about the robotaxi upside; some analysts warn the probe could lead to a costly recall — increasing downside risk if delivery momentum disappoints. UBS cuts Tesla Q1 delivery estimate and questions robotaxi upside
• Negative Sentiment: Legal and safety headlines (lawsuit from a Cybertruck crash survivor, recurring criticism that FSD may not perform reliably) add reputational and potential liability pressure that can amplify selling during risk‑off sessions. Survivor of deadly Cybertruck crash in the Bay Area is suing Tesla

Tesla Company 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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