TIAA Trust National Association Has $40.03 Million Stock Position in Tesla, Inc. $TSLA

TIAA Trust National Association cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,006 shares of the electric vehicle producer’s stock after selling 2,307 shares during the period. TIAA Trust National Association’s holdings in Tesla were worth $40,027,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Manning & Napier Advisors LLC bought a new stake in shares of Tesla in the 3rd quarter valued at about $29,000. Westend Capital Management LLC acquired a new position in Tesla during the third quarter valued at approximately $32,000. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new stake in Tesla in the second quarter worth $30,000. Finally, ESL Trust Services LLC boosted its position in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 119,457 shares of company stock valued at $53,501,145. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Down 2.1%

Shares of Tesla stock opened at $408.58 on Friday. The firm has a market cap of $1.53 trillion, a PE ratio of 378.31, a P/E/G ratio of 14.75 and a beta of 1.86. The business’s 50 day simple moving average is $435.03 and its 200 day simple moving average is $419.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate 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%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. On average, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Strong demand for a lower?priced Cybertruck could boost near?term sales and revenue if conversions hold; Musk has capped the deal with a short 10?day window, which may concentrate orders. Tesla Seeing Strong Demand For Cheaper Cybertruck
• Positive Sentiment: Tesla’s Megapack won a large 400 MW AI data?center project in Brazil, showing non?vehicle revenue potential for energy products. Tesla’s Megapack Will Power 400MW AI Data Center in Brazil
• Positive Sentiment: German labor dispute appears to be settled after a truce with IG Metall, reducing near?term production/labor risk at Berlin?area operations. German union says settlement reached dispute with Tesla
• Neutral Sentiment: Elon Musk’s high?profile visions (“sustainable abundance,” moon factories) keep investor attention on multi?decade upside but are speculative and unlikely to drive near?term fundamentals. A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’
• Neutral Sentiment: Nvidia’s commentary that robotaxis could be a huge market is a long?term positive for the TAM, but in the near term Nvidia results and tech?sector volatility are pressuring EV/AI growth stocks, including TSLA. Nvidia Sees ‘Hundreds Of Billions’ In Future Robotaxi Revenue
• Negative Sentiment: Regulatory and testing progress on Tesla’s robotaxis is undercut: reports say Tesla logged zero California test miles and has made little permitting progress, which raises doubts about the timing of a key revenue thesis. Musk touts California robotaxis but Tesla does nothing to get permits
• Negative Sentiment: Safety and regulatory scrutiny intensifies: analyses and NHTSA comparisons suggest Tesla’s robotaxi performance is materially worse than human drivers, and Tesla has sued California regulators over FSD advertising — both increase legal/regulatory risk. By Tesla’s own math, it reveals that its robotaxis are 4x worse at driving than humans Tesla pushes back against California’s regulators
• Negative Sentiment: Competitive pressure in China: BYD’s aggressive financing and market share gains are weighing on Tesla’s sales outlook in its largest market. BYD Takes On Tesla In Chinese Market
• Negative Sentiment: Analyst skepticism and headline risk: pieces highlighting “sales in freefall,” calls that the robot/Optimus pivot may be a delusion, and wide analyst target dispersion increase perceived execution risk and volatility. Tesla Sales In Freefall—Here’s What Prediction Markets Say

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Piper Sandler restated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, January 29th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. Phillip Securities decreased their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $408.09.

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.