QRG Capital Management Inc. Sells 79,954 Shares of Tesla, Inc. $TSLA

QRG Capital Management Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 362,480 shares of the electric vehicle producer’s stock after selling 79,954 shares during the quarter. Tesla makes up about 2.0% of QRG Capital Management Inc.’s portfolio, making the stock its 8th largest position. QRG Capital Management Inc.’s holdings in Tesla were worth $161,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Tesla in the second quarter worth approximately $11,839,824,000. Vanguard Group Inc. increased its stake in Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares in the last quarter. Amundi raised its holdings in Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after buying an additional 3,422,270 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after buying an additional 1,269,304 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Dojo/AI chip revival — Elon Musk says Tesla is restarting Dojo 3 after progress on the AI5 chip, which supports the company’s long-term autonomy and robotaxi ambitions and could improve software moat and margins. Tesla Set to Restart AI Supercomputer Project
• Positive Sentiment: Autonomy capability — Tesla asserts AI4-powered cars can reach unsupervised self-driving without hardware upgrades, supporting faster fleet monetization and lower upgrade capex. This bolsters the revenue case for software/subscription and robotaxi. AI4-powered cars unsupervised driving
• Positive Sentiment: Canada and tariff dynamics — Canada’s decision to cut tariffs on China-made EVs puts Tesla (with an existing Shanghai supply chain and sales network) in an early advantageous position to grow market share there. Tesla poised to be early winner as Canada opens door to Chinese-made EVs
• Neutral Sentiment: Upcoming earnings/call — Q4 results and the Jan. 28 call are the next major catalysts where management must quantify progress on robotaxis, Dojo, and margins. Market will react to guidance and delivery commentary. Should You Buy Tesla Stock Before Jan. 28?
• Neutral Sentiment: Operational/PR noise — Musk’s social-media back-and-forth (Ryanair poll/jabs) continue to generate headlines but are unlikely to change fundamentals; treat as sentiment noise. Elon Musk asks followers if he should buy Ryanair
• Negative Sentiment: Market/AI sell-off pressure — Tesla is sliding with broader AI/Magnificent Seven weakness today, which is depressing multiples for high-growth, AI-exposed names even when company fundamentals are improving. Tesla Stock Drops With Market. Musk Goes Big On AI Chips.
• Negative Sentiment: FSD policy change and competition — Tesla will end free FSD transfers March 31 and push subscriptions; that may boost recurring revenue but risks customer pushback and lower resale value of FSD-equipped used cars. At the same time, rivals and BYD’s strong sales growth tighten the competitive backdrop. Free FSD transfer ends

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $437.50 on Tuesday. The company has a 50 day moving average of $443.36 and a 200 day moving average of $400.89. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.46 trillion, a P/E ratio of 291.67, a P/E/G ratio of 7.44 and a beta of 1.83. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Dbs Bank upgraded Tesla to a “hold” rating in a research note on Wednesday, November 5th. New Street Research raised their price objective on Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. CICC Research upped their target price on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. HSBC restated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $410.20.

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.