Tesla, Inc. $TSLA Position Boosted by Westpac Banking Corp

Westpac Banking Corp increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,201 shares of the electric vehicle producer’s stock after purchasing an additional 3,049 shares during the quarter. Tesla makes up approximately 1.3% of Westpac Banking Corp’s portfolio, making the stock its 9th largest position. Westpac Banking Corp’s holdings in Tesla were worth $21,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter valued at about $11,839,824,000. Vanguard Group Inc. boosted its holdings in Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi increased its stake in shares of Tesla by 20.4% in the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after purchasing an additional 3,422,270 shares during the period. Jennison Associates LLC boosted its stake in Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Tesla by 2.0% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 2.1%

TSLA opened at $408.58 on Friday. The firm has a 50 day simple moving average of $435.03 and a 200 day simple moving average of $419.99. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 378.31, a price-to-earnings-growth ratio of 14.75 and a beta of 1.86. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period last year, the company posted $0.73 EPS. Tesla’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

TSLA has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Benchmark reiterated a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Tuesday, January 27th. Canaccord Genuity Group set a $520.00 price objective on Tesla in a report on Thursday, January 29th. Finally, Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $408.09.

Tesla News Summary

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

Insider Buying and Selling

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 value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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 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.