Allstate Corp Has $46.84 Million Holdings in Tesla, Inc. $TSLA

Allstate Corp increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1,744.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 105,326 shares of the electric vehicle producer’s stock after acquiring an additional 99,617 shares during the quarter. Tesla accounts for 1.1% of Allstate Corp’s portfolio, making the stock its 20th largest holding. Allstate Corp’s holdings in Tesla were worth $46,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new position in Tesla during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC bought a new position in shares of Tesla in the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC bought a new position in shares of Tesla in the 3rd quarter valued at $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 2nd quarter worth $30,000. Finally, ESL Trust Services LLC lifted its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Up 2.9%

TSLA opened at $431.44 on Thursday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $442.96 and a 200-day moving average of $401.85. The stock has a market cap of $1.43 trillion, a PE ratio of 287.63, a price-to-earnings-growth ratio of 7.13 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,457 shares of company stock valued at $53,501,145. Corporate insiders own 19.90% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Lemonade will offer steep discounts (halving rates in some cases) for Tesla drivers using the Full Self-Driving/software assistant — this reduces ownership cost and could accelerate FSD adoption, lowering a friction point for buyers and supporting the long-term monetization thesis for Tesla’s autonomy stack. Lemonade to halve Tesla insurance rates for miles driven with software assistant
• Positive Sentiment: Traders cite fresh optimism around robotaxi timing, energy-storage deliveries and Tesla’s in‑house AI chip roadmap as reasons for today’s rebound — these narratives boost the long‑term optionality priced into TSLA. Tesla stock rebounds nearly 3% today: what’s driving the move?
• Positive Sentiment: Tesla reportedly revived its Dojo3 supercomputer effort — a visible recommitment to AI compute that underpins Full Self-Driving and robotaxi ambitions, reinforcing investor belief in high-margin software/AI upside. Tesla Just Revived Its Dojo3 Supercomputer. Does That Make TSLA Stock a Buy Here?
• Neutral Sentiment: Tesla will end free FSD transfers on March 31 — this could push more users to subscriptions (recurring revenue) but may also reduce perceived resale value or complicate used-car transactions. Tesla Says Free FSD Transfer Will End On March 31: Here’s How You Can Qualify
• Neutral Sentiment: Market commentary is polarized ahead of Q4 earnings — bullish narratives (autonomy/AI) compete with concerns about deliveries, margins and valuation, setting up potential for volatility around the report. Tesla Bulls vs. Bears Are Getting Loud Ahead of Earnings
• Negative Sentiment: Handelsblatt/Reuters report Tesla cut roughly 1,700 staff at the Berlin Gigafactory — a negative near-term signal about production staffing and local execution that could affect supply/delivery cadence and investor sentiment. Tesla reduces Berlin staff by 1,700, Handelsblatt reports
• Negative Sentiment: CEO-related headlines (polls about buying Ryanair, past concerns about potential share sales) continue to generate volatility and occasional investor worry that Musk’s outside activities could trigger distraction or the need to sell TSLA stock in the future. Do Tesla Investors Have To Worry About Elon Musk Selling Stock?

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent analyst reports. UBS Group reiterated a “sell” rating and issued a $307.00 target price (up previously from $247.00) on shares of Tesla in a research report on Wednesday, January 14th. New Street Research raised their price target on shares of Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Dbs Bank upgraded shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. Finally, Mizuho boosted their target price on shares of Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $410.46.

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.