Tesla, Inc. $TSLA is Jennison Associates LLC’s 9th Largest Position

Jennison Associates LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,484,848 shares of the electric vehicle producer’s stock after selling 424,818 shares during the period. Tesla makes up about 2.8% of Jennison Associates LLC’s investment portfolio, making the stock its 9th largest position. Jennison Associates LLC’s holdings in Tesla were worth $4,715,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter worth about $26,000. Networth Advisors LLC purchased a new position in shares of Tesla in the 4th quarter worth about $26,000. Davidson Capital Management Inc. boosted its holdings in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter worth about $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 53,804 shares of company stock valued at $20,865,598. Company insiders own 19.90% of the company’s stock.

Tesla Trading Down 0.9%

NASDAQ TSLA opened at $369.32 on Thursday. Tesla, Inc. has a 1-year low of $271.00 and a 1-year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $383.70 and a 200-day moving average of $419.55. The firm has a market cap of $1.39 trillion, a PE ratio of 339.23, a price-to-earnings-growth ratio of 13.59 and a beta of 1.91.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the company posted $0.27 EPS. Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.32 EPS for the current year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: First Tesla Semi begins high‑volume production — a visible execution milestone that supports revenue diversification beyond passenger EVs and signals Tesla remains on track to start volume manufacturing of several new products in 2026. First Tesla Semi rolls off high volume production line
• Positive Sentiment: Analyst sentiment mixed but some support: Deutsche Bank reaffirmed a buy rating and Zacks moved Tesla from “strong sell” to “hold,” providing some analyst-driven support for the shares. Deutsche Bank gives a buy rating Zacks upgrade to hold
• Neutral Sentiment: Elon Musk to return to the witness stand in his suit against OpenAI — a high‑profile legal proceeding that can create headlines and distract management, but its direct financial impact on Tesla is uncertain. Elon Musk to return to witness stand
• Neutral Sentiment: Robotaxi/Cybercab and Optimus updates remain a long‑term optionality story — progress (Cybercab production, Optimus teasers) supports upside if autonomy/robotics scale, but rollout timelines and monetization remain uncertain. Tesla’s Cybercab Is Finally Real—But Is It Enough?
• Negative Sentiment: Massive capex outlook — Morgan Stanley flags Tesla’s capex to exceed $25B in 2026, which signals heavy near‑term cash needs and can pressure margins/earnings expectations even as it funds growth initiatives. Capex to Exceed $25B in 2026, Says Morgan Stanley
• Negative Sentiment: Analyst earnings cuts — Erste Group trimmed FY2026–FY2027 EPS forecasts, lowering near‑term profit expectations and highlighting how heavy spending plus slower-than-expected revenue execution can compress EPS. Erste Group lowers FY2026/FY2027 estimates
• Negative Sentiment: Intensifying China competition — NIO and other Chinese EV makers are launching cheaper models and aggressive pricing that could pressure Tesla’s share and margins in key markets, an ongoing structural risk to growth and pricing power. NIO stock soars after Onvo L80 reveal

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TSLA shares. Wells Fargo & Company cut their price objective on Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. Morgan Stanley set a $415.00 target price on Tesla and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $398.42.

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.