Prudential PLC Sells 39,794 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Jun 05, 2026
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Key Points
Prudential PLC reduced its Tesla stake by 13.5% in the fourth quarter, selling 39,794 shares and leaving it with 255,011 shares valued at about $114.7 million.
Institutional ownership remains high, with major investors like Vanguard, State Street, Geode, Capital World Investors, and Norges Bank holding large positions; institutions own 66.20% of Tesla’s stock.
Tesla’s recent fundamentals and outlook are mixed: the company beat EPS estimates in its latest quarter but missed revenue expectations, while analysts maintain a consensus “Hold” rating amid concerns about valuation, competition, and legal scrutiny. Wall Street Is Starting to Talk About Tesla's Endgame
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares during the period. State Street Corp lifted its stake in shares of Tesla by 0.3% during the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer's stock valued at $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Tesla by 0.6% during the 4th 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 in the last quarter. Capital World Investors lifted its stake in shares of Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock valued at $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tesla during the 4th quarter valued at $17,128,100,000. Institutional investors own 66.20% of the company's stock.
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