First Citizens Bank & Trust 13F: Adds $8.8M to Tesla (TSLA) Stake
The bank increased its Tesla holdings by 29.1% in its latest filing.
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First Citizens Bank & Trust added 24,818 shares to its stake in Tesla, Inc. ($TSLA), a 29.11% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 110,086 shares worth $39.06 million at the end of the quarter.
Since the filing, $TSLA is down 3.4% to date (from the $367.16 close on Oct 14, 2026).
Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR
TSLA
Tesla, Inc.
Key Points
- First Citizens Bank & Trust increased its Tesla holdings by 29.1%, adding 24,818 shares to hold a total of 110,086 shares valued at $39.1 million.
- Tesla, Inc. is a leading electric vehicle and energy company with a market cap of $1.43 trillion and a P/E ratio of 335.6.
- Analysts have set a mean price target of $397.83 for Tesla, with a 'buy' recommendation from 38 opinions.
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First Citizens Bank & Trust boosted its holdings in Tesla, Inc. (NasdaqGS: TSLA) by 29.1%, according to its recent Form 13F filing with the SEC. The bank added 24,818 shares during the reporting period, bringing its total to 110,086 shares valued at approximately $39.1 million.
First Citizens Bank & Trust vs. the S&P 500
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What Changed in First Citizens Bank & Trust's Tesla Position
First Citizens Bank & Trust increased its stake in Tesla by 29.1%, adding 24,818 shares. This brings its total holdings to 110,086 shares, valued at about $39.1 million as of the filing period. Before this move, the bank held 85,268 shares.
Tesla, Inc. Stock Down 4.2%
Shares of Tesla, Inc. traded near $367.16 on Friday. The company, a leader in electric vehicles and energy solutions, boasts a market capitalization of approximately $1.43 trillion. Tesla's P/E ratio stands at 335.6, with a forward P/E of 167.1, indicating high investor expectations for future earnings growth. The stock has a 52-week low of $297.38 and a high of $498.83, with a 50-day moving average of $358.76 and a 200-day moving average of $388.49. Tesla maintains a current ratio of 1.94 and a quick ratio of 1.35, reflecting its financial health.
About Tesla, Inc.
Tesla, Inc., headquartered in Austin, Texas, is a major player in the consumer cyclical sector, specifically in auto manufacturing. The company, led by CEO Elon Musk, designs and manufactures electric vehicles and energy storage products. Tesla operates in the automotive segment and the energy generation and storage segment, offering products such as electric cars, solar panels, and battery storage solutions. With over 134,000 employees, Tesla is known for its innovative approach to sustainable energy and transportation.
Bottom Line
First Citizens Bank & Trust's decision to increase its position in Tesla by over 29% is a notable move in the investment community, reflecting confidence in the company's future prospects. As a leading player in electric vehicles and energy solutions, Tesla continues to attract significant institutional interest. Investors and analysts closely monitor such filings for insights into institutional sentiment, keeping in mind that 13F filings are backward-looking and may not reflect current positions.
Related Filing Alerts
Source: First Citizens Bank & Trust's 13F filing on $TSLA (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts