Cullinan Associates Inc. Sells 8,500 Shares of Tesla, Inc. $TSLA

Posted by Trevor Kearing on Jul 12th, 2026

Cullinan Associates Inc. reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 73.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,100 shares of the electric vehicle producer’s stock after selling 8,500 shares during the quarter. Cullinan Associates Inc.’s holdings in Tesla were worth $1,152,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. State Street Corp increased its holdings in shares of Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after buying an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares during the last quarter. Norges Bank bought a new position in Tesla in the fourth quarter valued at $17,128,100,000. Finally, Corient Private Wealth LLC boosted its holdings in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 0.3%

TSLA stock traded up $1.21 on Friday, reaching $407.76. 33,333,565 shares of the company traded hands, compared to its average volume of 42,504,768. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm has a fifty day simple moving average of $410.46 and a 200-day simple moving average of $409.23. Tesla, Inc. has a one year low of $297.82 and a one year high of $498.83. The company has a market cap of $1.53 trillion, a P/E ratio of 374.09, a price-to-earnings-growth ratio of 14.93 and a beta of 1.80.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Research analysts anticipate that Tesla, Inc. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSLA. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. The Goldman Sachs Group began coverage on shares of Tesla in a report on Friday, June 5th. They issued a “buy” rating on the stock. HSBC reiterated a “hold” rating on shares of Tesla in a report on Monday, June 15th. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Tesla from $350.00 to $375.00 and gave the company a “hold” rating in a research report on Monday, June 22nd. Twenty-one investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $406.87.

Get Our Latest Report on Tesla

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla’s Q2 2026 deliveries came in at a record 480,126 vehicles, beating expectations and reinforcing that demand remains resilient. Elon Musk Has Mojo Back, As Tesla Quarterly Deliveries Skyrocket
Positive Sentiment: Tesla gained share in China, and the Model Y reclaimed the country’s best-selling vehicle title in June, helping support the bull case for international growth. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
Positive Sentiment: UBS raised its price target on Tesla to $442 from $364, while RBC lifted its target to $500, signaling continued Wall Street confidence in the stock’s longer-term upside. Tesla (NASDAQ:TSLA) Given New $442.00 Price Target at UBS Group
Neutral Sentiment: Analyst commentary remains mixed: Citizens started coverage with a Hold/Market Perform stance, and Zacks trimmed several future EPS estimates even as it raised its FY2026 forecast. Tesla Stock: Citizens Begins Coverage of TSLA with Caution on Physical AI Timeline
Negative Sentiment: Investors are still worried that Robotaxi and Optimus may take longer to scale, with multiple reports saying the valuation already prices in a faster rollout than the business can currently deliver. The Massive Valuation Risk Keeping Tesla Stock From Breaking Out
Negative Sentiment: Regulatory risk remains an overhang, including a proposed New Jersey bill that could restrict Tesla’s self-driving efforts because it does not rely on radar and lidar. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
Negative Sentiment: Legal and governance concerns around Elon Musk and Tesla’s autonomy claims continue to weigh on sentiment, including fresh scrutiny of Musk’s SEC settlement and ongoing lawsuits tied to Autopilot and workplace issues. Elon Musk SEC Settlement Raises ‘Red Flags,’ Judge Says

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 32,015 shares of company stock valued at $12,383,640. Corporate insiders own 19.90% of the company’s stock.

About Tesla

(Free Report)

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.