8,889 Tesla, Inc. $TSLA Shares Sold by State of Alaska Department of Revenue

Posted by Geri Gentry on Oct 16th, 2026

State of Alaska Department of Revenue reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,638 shares of the electric vehicle producer’s stock after selling 8,889 shares during the quarter. Tesla comprises about 1.0% of State of Alaska Department of Revenue’s holdings, making the stock its 16th biggest holding. State of Alaska Department of Revenue’s holdings in Tesla were worth $109,507,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its stake in Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock worth $49,402,312,000 after purchasing an additional 2,761,298 shares in the last quarter. Amundi boosted its holdings in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the period. Corient Private Wealth LLC boosted its holdings in 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 purchasing an additional 20,810,386 shares during the period. Legal & General Group Plc purchased a new position in shares of Tesla during the 2nd quarter valued at $8,535,612,000. Finally, Invesco Ltd. increased its holdings in shares of Tesla by 14.0% in the fourth quarter. Invesco Ltd. now owns 16,980,122 shares of the electric vehicle producer’s stock worth $7,636,301,000 after purchasing an additional 2,082,813 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Thursday. BNP Paribas Exane reduced their target price on Tesla from $280.00 to $268.00 and set an “underperform” rating for the company in a research report on Thursday, September 24th. Barclays upped their target price on Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Piper Sandler initiated coverage on Tesla in a report on Monday, September 14th. They issued an “overweight” rating on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $412.33.

View Our Latest Analysis on Tesla

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing 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. 19.90% of the stock is owned by insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly increased eightfold in one month to more than 300 vehicles, with Dallas potentially next. The expansion provides tangible evidence that Tesla’s autonomy strategy is progressing and could improve the long-term growth case. Tesla Cybercab robotaxi fleet article
Positive Sentiment: A reported 1 GWh Megapack order from Apollo Power highlights potential demand for Tesla’s energy-storage products from AI data centers. California’s virtual-power-plant legislation and the opening of Tesla’s first heavy-duty Megacharger site, with 12 more planned, also support the energy business. Tesla Megapack order article
Neutral Sentiment: Tesla is unveiling its long-delayed, approximately $200,000 next-generation Roadster, potentially featuring SpaceX-developed technology and a brief flight demonstration. The event could generate enthusiasm, but nearly a decade of delays and the vehicle’s niche luxury positioning make its near-term financial impact uncertain. Tesla Roadster reveal article
Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s December annual meeting. No agreement has been announced, leaving the speculation potentially supportive for sentiment but highly uncertain for valuation and governance. Tesla-SpaceX merger speculation article
Negative Sentiment: Mike Snyder, Tesla’s vice president of energy and charging, stepped down as the company increasingly emphasizes AI. The departure raises questions about leadership continuity and the execution of Tesla’s energy-growth strategy. Tesla energy executive departure article
Negative Sentiment: Analysts and financial commentary continue to flag Tesla’s extremely high valuation, weakening automotive margins, negative free cash flow and expectations for declining third-quarter earnings. Investors are also seeking evidence that robotaxis can generate meaningful revenue to justify the premium valuation. Tesla valuation and earnings article

Tesla Trading Down 1.3%

NASDAQ TSLA opened at $362.44 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $359.46 and its two-hundred day simple moving average is $377.06. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 335.60, a PEG ratio of 23.84 and a beta of 1.92.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Research analysts forecast that Tesla, Inc. will post 0.69 EPS for the current fiscal year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.