Illinois Municipal Retirement Fund raised its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,627 shares of the electric vehicle producer’s stock after acquiring an additional 5,284 shares during the period. Tesla comprises about 0.7% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 13th largest position. Illinois Municipal Retirement Fund’s holdings in Tesla were worth $58,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Vanguard Group Inc. boosted its position in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. State Street Corp boosted its holdings in shares of Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after acquiring an additional 344,162 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tesla by 0.6% in 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 in the last quarter. Capital World Investors grew its position in Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares during the last quarter. Finally, Norges Bank bought a new position in Tesla in the 4th quarter valued at $17,128,100,000. 66.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TSLA has been the subject of a number of research reports. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $145.00 to $475.00 in a research report on Friday, June 5th. Phillip Securities reduced their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, UBS Group upped their target price on shares of Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Twenty-two investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $404.37.
Insider Buying and Selling
In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by company insiders.
Tesla Stock Performance
Shares of Tesla stock opened at $381.59 on Thursday. 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 market cap of $1.43 trillion, a price-to-earnings ratio of 350.08, a price-to-earnings-growth ratio of 15.83 and a beta of 1.80. The stock’s 50-day moving average is $397.29 and its 200-day moving average is $416.02. Tesla, Inc. has a one year low of $288.77 and a one year high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the business posted $0.27 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Analysts at Piper Sandler and JPMorgan turned more bullish on Tesla, citing stronger-than-expected potential in autonomy, robotics, energy storage, and “physical AI,” with some raising price targets sharply. Article Title
- Positive Sentiment: Multiple reports said Tesla’s Full Self-Driving narrative is gaining credibility, including Dutch safety data showing far fewer crashes and news that Belgium approved FSD software use. Article Title
- Positive Sentiment: Tesla also received support from reports of continued robotaxi rollout in Austin and renewed optimism around Optimus and other AI-driven projects, reinforcing the view that the stock’s upside may come more from software and autonomy than car sales alone. Article Title
- Positive Sentiment: Tesla’s China sales reportedly rebounded in May, with retail deliveries up 22.5% year over year and exports from Shanghai improving, easing some demand concerns. Article Title
- Neutral Sentiment: There was also chatter around a possible SpaceX IPO and broader Elon Musk ecosystem speculation, which has boosted sentiment at times but remains largely a narrative-driven factor rather than a direct Tesla operating update. Article Title
- Neutral Sentiment: Tesla CFO Vaibhav Taneja sold shares to cover tax withholding on vested awards, which is routine insider activity and not necessarily a negative fundamental signal. Article Title
- Negative Sentiment: Broader market weakness tied to Middle East tensions, inflation worries, and a tech selloff pressured Tesla along with other high-multiple growth stocks. Article Title
- Negative Sentiment: Competition remains intense, with BYD accelerating charger and product investments and Rivian launching lower-priced EVs, keeping pressure on Tesla’s pricing and market share outlook. Article Title
- Negative Sentiment: Investors also remain cautious about Tesla’s premium valuation and repeated headlines around Musk’s SpaceX plans and merger speculation, which can distract from near-term execution and add volatility. Article Title
About Tesla
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.
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