Retirement Systems of Alabama Buys 219,977 Shares of Tesla, Inc. $TSLA

Posted by George Bondi on Nov 10th, 2026

Retirement Systems of Alabama lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 26.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,050,729 shares of the electric vehicle producer’s stock after purchasing an additional 219,977 shares during the quarter. Tesla accounts for approximately 1.1% of Retirement Systems of Alabama’s portfolio, making the stock its 18th largest holding. Retirement Systems of Alabama’s holdings in Tesla were worth $372,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after acquiring an additional 591,243 shares in the last quarter. One Plus One Wealth Management LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $1,009,000. Bessemer Group Inc. increased its stake in shares of Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock valued at $20,908,000 after purchasing an additional 10,747 shares in the last quarter. H&H International Investment LLC purchased a new position in shares of Tesla in the 1st quarter valued at about $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock worth $15,470,000 after purchasing an additional 4,806 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla is expanding robotaxi service to San Antonio, its fourth Texas market, and has enlarged the Austin service area. The rollout supports the investment case that autonomous rides could become a significant growth business. Tesla expands robotaxi service to San Antonio
Positive Sentiment: Musk says Cybertruck orders exceed what Tesla can produce before the line is repurposed for Cybercab. Some investors may view the move as prioritizing a potentially larger robotaxi opportunity, although the production cutoff also carries risks. Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says
Neutral Sentiment: Shares also benefited from a broader rebound in growth stocks, so the move was not solely driven by Tesla-specific developments. Tesla rises despite Cybertruck refund warning
Negative Sentiment: Cybertruck production is expected to end around mid-2027, and Tesla says it will refund many reservation deposits it cannot fulfill. The pivot may sacrifice vehicle sales and risks disappointing customers, despite the reported backlog. Musk says Tesla must refund Cybertruck deposits
Negative Sentiment: Tesla’s retail sales in China fell to their lowest level since July 2022, raising concerns about demand in a key market even as overall China sales reportedly increased. Tesla China sales report
Negative Sentiment: Valuation-focused commentary warned that Tesla’s forward P/E leaves little room for execution setbacks, while political and regulatory uncertainty could weigh on growth plans. Tesla valuation warning

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada downgraded Tesla from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Monness Crespi & Hardt started coverage on Tesla in a research note on Monday, October 26th. They set a “buy” rating for the company. Stifel Nicolaus set a $475.00 target price on Tesla in a research report on Thursday, October 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $414.51.

Check Out Our Latest Stock Analysis on TSLA

Tesla Price Performance

Shares of Tesla stock opened at $378.05 on Tuesday. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 415.44, a PEG ratio of 23.86 and a beta of 1.74. The business has a 50 day simple moving average of $372.73 and a two-hundred day simple moving average of $384.08. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.