PCM Encore LLC Acquires New Shares in Tesla, Inc. $TSLA

Posted by Geri Gentry on Sep 3rd, 2026

PCM Encore LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,012 shares of the electric vehicle producer’s stock, valued at approximately $6,314,000. Tesla comprises 1.1% of PCM Encore LLC’s holdings, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Tesla in the fourth quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC grew 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 valued at $9,650,811,000 after buying an additional 20,810,386 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Tesla in the 2nd quarter valued at $6,083,630,000. Deutsche Bank AG acquired a new stake in Tesla during the 2nd quarter worth $4,039,090,000. Finally, Bank of America Corp DE lifted its holdings in Tesla by 56.0% during the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $401.74.

View Our Latest Research Report on Tesla

More Tesla News

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Cybercab and robotaxi optimism: Tesla has registered 45 purpose-built Cybercabs in Texas, adding credibility to its planned autonomous ride-hailing rollout. Investors are looking for evidence that the vehicle can scale commercially and generate high-margin software or mobility revenue. Tesla’s Cybercab Fleet Hits 45 Ahead of Austin Launch
Positive Sentiment: Potential energy-business tailwind: New U.S. power-grid policy restricting certain Chinese equipment could benefit Tesla’s energy-storage operations, providing an additional growth avenue beyond vehicles. Tesla stock investors stand to gain from U.S. power grid
Positive Sentiment: Commercial vehicle opportunity: Einride plans to deploy at least 75 Tesla Semi trucks in 2026 and 500 by 2027, giving investors a clearer timeline for a potentially meaningful commercial-vehicle business. Tesla Gets First 2026 Delivery Timeline For Landmark 500 Semi Order
Neutral Sentiment: Event expectations are elevated: Morgan Stanley maintained a Hold rating and a $400 price target, warning that a limited initial Cybercab fleet could trigger a selloff. The event must demonstrate more than a prototype—particularly safety, regulatory progress, production capacity and a credible launch schedule. Tesla Cybercab Momentum Balanced by Execution Risks
Negative Sentiment: Sales momentum is uneven: China-made EV sales rose only 3.6% year over year in August, sharply slower than July. European registrations were mixed, with major declines in markets including Norway, Sweden, Spain and Portugal despite strong gains in France and Denmark. Tesla’s China-made EV sales extend growth streak, but momentum fades
Negative Sentiment: Autonomy and valuation concerns remain: A reported fatal Illinois crash has renewed scrutiny of Tesla’s FSD technology, while Waymo and Zoox are expanding robotaxi services. Analysts and commentators also question whether Tesla’s roughly $1.4 trillion valuation is justified given pressured margins, slowing growth and a PE ratio above 300. Tesla’s FSD Faces Fresh Scrutiny After Fatal Illinois Crash
Negative Sentiment: Solar retrenchment: Tesla stopped taking Solar Roof orders and has not reported solar deployment figures since late 2023, reinforcing concerns that some non-automotive initiatives are being deprioritized. Tesla Stopped Reporting Solar Numbers 10 Quarters Ago

Tesla Stock Up 0.3%

Shares of Tesla stock opened at $357.01 on Thursday. The firm has a market cap of $1.41 trillion, a PE ratio of 330.57, a P/E/G ratio of 17.98 and a beta of 1.84. The business’s 50 day simple moving average is $358.71 and its 200 day simple moving average is $383.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue was up 25.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla Profile

(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.