Allspring Global Investments Holdings LLC Purchases 9,770 Shares of Tesla, Inc. $TSLA

Allspring Global Investments Holdings LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 279,371 shares of the electric vehicle producer’s stock after acquiring an additional 9,770 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tesla were worth $106,513,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the last quarter. State Street Corp raised its stake in shares of Tesla by 0.9% during the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares during the period. Geode Capital Management LLC increased its position in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after buying an additional 375,946 shares during the period. Norges Bank bought a new stake in Tesla during the 4th quarter worth approximately $17,128,100,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Tigress Financial initiated coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. China Renaissance cut their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Phillip Securities dropped their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Tesla in a report on Monday, June 1st. Finally, Roth Capital reissued a “buy” rating on shares of Tesla in a report on Monday. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $408.07.

Tesla Trading Down 2.6%

Shares of NASDAQ TSLA opened at $380.79 on Friday. Tesla, Inc. has a 1-year low of $297.82 and a 1-year high of $498.83. The business has a fifty day moving average price of $409.41 and a 200 day moving average price of $406.00. 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 stock has a market capitalization of $1.43 trillion, a P/E ratio of 349.35, a price-to-earnings-growth ratio of 14.05 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the business posted $0.27 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 1.32 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is owned by insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $460 price target, citing rapid robotaxi expansion, better-than-expected deliveries, and upcoming Optimus milestones.
• Positive Sentiment: Analysts and investors continue to focus on Tesla’s robotaxi, Cybercab, and Optimus programs, which remain major long-term growth catalysts.
• Positive Sentiment: Erste Group raised its FY2026 earnings estimate for Tesla, signaling at least some improving expectations heading into the report.
• Neutral Sentiment: Wall Street expects a sizable earnings-driven stock move, with options pricing implying elevated volatility around the report.
• Neutral Sentiment: Recent coverage highlights that Tesla’s quarterly delivery strength has not yet translated into a sustained stock rebound, suggesting investors want more than just beat-and-raise narratives.
• Negative Sentiment: Broader AI and high-growth tech weakness is weighing on Tesla, as investors worry about stretched valuations and cooling enthusiasm for expensive megacap names.
• Negative Sentiment: Several reports point to skepticism around Tesla’s valuation, with commentary noting the stock could be vulnerable if earnings, margins, or guidance disappoint.
• Negative Sentiment: Competitive and regulatory headwinds remain in focus, including tougher EV competition in Europe, a denied NHTSA petition over a headlight recall issue, and ongoing scrutiny of Tesla’s autonomy claims.

Tesla Profile

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.