Coatue Management Reduces $640M in Tesla, Inc. ($TSLA)

Coatue Management has significantly reduced its stake in Tesla, Inc. (NasdaqGS: TSLA) according to its latest 13F filing with the SEC. The firm cut its holdings by 96.4%, dropping from 1,641,406 shares to just 58,838 shares. The remaining stake is valued at around $23.8 million as of the reporting period.

What Changed in Coatue Management's Tesla Position

Coatue Management slashed its Tesla holdings by over 1.58 million shares, a 96.4% reduction, leaving them with 58,838 shares. This move reflects a sharp decrease from their prior position of 1,641,406 shares.

Other Institutional Activity in Tesla

BlackRock, Inc. slightly reduced its Tesla holdings by 1,468,799 shares, ending with 208,095,009 shares valued at $77.4 billion. Vanguard Capital Management LLC maintained its position with 182,850,783 shares worth about $67.9 billion. State Street Corp also trimmed its stake by 147,476 shares, holding 114,695,458 shares valued at $42.6 billion. Meanwhile, Geode Capital Management, LLC increased its position by 2,302,135 shares, now holding 68,003,110 shares worth approximately $25.2 billion. JPMorgan Chase & Co boosted its shares by 1,483,545, totaling 46,075,161 shares valued at $16.4 billion.

Tesla Stock Snapshot

Shares of Tesla, Inc. traded near $404.66. The company boasts a market cap of roughly $1.49 trillion with a P/E ratio of 363.65 and a forward P/E of 158.56. Tesla's stock has oscillated between a 52-week low of $288.77 and a high of $498.83, with a 50-day moving average of $401.34 and a 200-day moving average of $416.61. The company maintains a current ratio of 2.04 and a quick ratio of 1.43, alongside a debt-to-equity ratio of 18.74.

Recent Earnings

Tesla reported revenue of $97.88 billion, showing a growth rate of 15.8%. The company's net margin stands at 3.95%, with a return on equity of 4.9%. Earnings per share were $1.09. Tesla is expected to release its next earnings report on July 22, 2026.

Insider Buying and Selling at Tesla, Inc.

Elon Musk, Tesla's CEO, engaged in several transactions on June 16, 2026, including buying and selling shares. He bought 303,960,630 shares at $23.34 each and sold the same number of shares at no cost, alongside an additional sale of 17,531,857 shares at $404.66. On June 8, 2026, CFO Vaibhav Taneja sold 2,606 shares at $402.20.

Analysts Set New Price Targets

On June 5, 2026, JP Morgan upgraded Tesla to a 'hold' rating with a $475 price target. UBS maintained its 'hold' rating with a $364 target on April 23, 2026. Canaccord Genuity, RBC Capital, and Mizuho all maintained 'buy' ratings with targets of $450, $475, and $480, respectively, in April 2026. The consensus rating for Tesla remains a 'buy', with an average target price of $420.55 based on 41 analyst opinions.

About Tesla, Inc.

Tesla, Inc., based in Austin, Texas, is a leading manufacturer of electric vehicles and energy solutions. It operates in the automotive and energy sectors, offering electric cars, solar panels, and energy storage products. Under the leadership of CEO Elon Musk, Tesla has grown to employ over 134,000 people worldwide, focusing on innovative technology in transportation and energy.

Bottom Line

Coatue Management's drastic reduction in Tesla shares is a notable move that investors will watch closely. While the 13F filing reflects a past position, Tesla continues to be a significant player in the auto and energy industries. With its strong market presence and ongoing innovation, Tesla remains a company of interest for many investors and analysts.