Allstate Corp Has $46.84 Million Holdings in Tesla, Inc. $TSLA

Allstate Corp lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1,744.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,326 shares of the electric vehicle producer’s stock after acquiring an additional 99,617 shares during the period. Tesla makes up about 1.1% of Allstate Corp’s investment portfolio, making the stock its 20th largest holding. Allstate Corp’s holdings in Tesla were worth $46,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Narwhal Capital Management increased its holdings in Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after buying an additional 2,350 shares during the last quarter. Norges Bank acquired a new stake in Tesla in the second quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after acquiring an additional 22,607 shares during the period. AustralianSuper Pty Ltd increased its stake in shares of Tesla by 1,823.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after purchasing an additional 64,772 shares during the last quarter. Finally, Breakthru Advisory Services LLC bought a new stake in shares of Tesla in the 3rd quarter valued at about $835,000. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSLA shares. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Thursday, January 15th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a research report on Monday, January 5th. Evercore ISI boosted their target price on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $410.46.

Tesla Stock Performance

TSLA opened at $431.44 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The business has a fifty day simple moving average of $442.96 and a 200 day simple moving average of $401.85. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a market capitalization of $1.43 trillion, a PE ratio of 287.63, a price-to-earnings-growth ratio of 7.13 and a beta of 1.83.

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

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Lemonade will offer steep discounts (halving rates in some cases) for Tesla drivers using the Full Self-Driving/software assistant — this reduces ownership cost and could accelerate FSD adoption, lowering a friction point for buyers and supporting the long-term monetization thesis for Tesla’s autonomy stack. Lemonade to halve Tesla insurance rates for miles driven with software assistant
• Positive Sentiment: Traders cite fresh optimism around robotaxi timing, energy-storage deliveries and Tesla’s in‑house AI chip roadmap as reasons for today’s rebound — these narratives boost the long‑term optionality priced into TSLA. Tesla stock rebounds nearly 3% today: what’s driving the move?
• Positive Sentiment: Tesla reportedly revived its Dojo3 supercomputer effort — a visible recommitment to AI compute that underpins Full Self-Driving and robotaxi ambitions, reinforcing investor belief in high-margin software/AI upside. Tesla Just Revived Its Dojo3 Supercomputer. Does That Make TSLA Stock a Buy Here?
• Neutral Sentiment: Tesla will end free FSD transfers on March 31 — this could push more users to subscriptions (recurring revenue) but may also reduce perceived resale value or complicate used-car transactions. Tesla Says Free FSD Transfer Will End On March 31: Here’s How You Can Qualify
• Neutral Sentiment: Market commentary is polarized ahead of Q4 earnings — bullish narratives (autonomy/AI) compete with concerns about deliveries, margins and valuation, setting up potential for volatility around the report. Tesla Bulls vs. Bears Are Getting Loud Ahead of Earnings
• Negative Sentiment: Handelsblatt/Reuters report Tesla cut roughly 1,700 staff at the Berlin Gigafactory — a negative near-term signal about production staffing and local execution that could affect supply/delivery cadence and investor sentiment. Tesla reduces Berlin staff by 1,700, Handelsblatt reports
• Negative Sentiment: CEO-related headlines (polls about buying Ryanair, past concerns about potential share sales) continue to generate volatility and occasional investor worry that Musk’s outside activities could trigger distraction or the need to sell TSLA stock in the future. Do Tesla Investors Have To Worry About Elon Musk Selling Stock?

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is owned by company insiders.

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.