California Public Employees Retirement System Boosts Stock Position in Tesla, Inc. $TSLA
- by lulegacy
- Mar 15, 2026
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Key Points
California Public Employees Retirement System raised its Tesla stake 2.8% in Q3 to 5,212,573 shares (about $2.318 billion), making TSLA its 11th-largest holding and roughly 1.4% of CalPERS' portfolio.
Company insiders have been trimming positions — CFO Vaibhav Taneja and director Kathleen Wilson‑Thompson sold shares recently, with insiders selling about 87,995 shares (~$38.3M) over the past 90 days; insiders now own ~19.9% of TSLA.
Tesla faces mixed catalysts: China-made EV deliveries surged and Tesla Energy won a UK licence (near-term tailwinds), but FSD safety concerns, xAI leadership churn and rising competition create execution and regulatory risks; analysts' consensus is a Hold with a $406.84 price target. 3 ETFs to Avoid as Oil Shock Hits Markets
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion for the quarter, compared to analysts' expectations of $24.75 billion. During the same quarter last year, the company posted $0.73 earnings per share. The firm's quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TSLA. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research note on Thursday, January 29th. Mizuho set a $540.00 price target on shares of Tesla and gave the company an "outperform" rating in a research report on Thursday, January 29th. Tigress Financial started coverage on shares of Tesla in a report on Thursday, February 12th. They issued a "buy" rating and a $550.00 price objective for the company. Barclays reaffirmed a "neutral" rating on shares of Tesla in a research report on Wednesday, March 4th. Finally, Phillip Securities reduced their target price on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a report on Monday, February 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $406.84.
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