Tesla, Inc. $TSLA Stock: Sumitomo Mitsui Trust Group Inc. Raises Position

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 7,454,160 shares of the electric vehicle producer’s stock after acquiring an additional 16,186 shares during the period. Tesla accounts for 1.5% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 11th biggest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Tesla were worth $2,644,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Security National Bank of Sioux City Iowa IA bought a new stake in Tesla in the 2nd quarter worth about $25,000. Harborfront Financial Group LLC purchased a new position in Tesla in the 2nd quarter worth about $34,000. Montgomery Financial Services LLC bought a new position in Tesla during the 2nd quarter valued at about $40,000. Timbuktu Capital Management LLC bought a new position in Tesla during the 2nd quarter valued at about $42,000. Finally, Navigoe LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at about $45,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
• Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
• Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
• Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
• Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
• Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars

Tesla Trading Down 0.9%

Tesla stock opened at $399.81 on Friday. The business has a 50-day simple moving average of $369.61 and a two-hundred day simple moving average of $385.81. The company has a market cap of $1.58 trillion, a P/E ratio of 439.36, a P/E/G ratio of 24.77 and a beta of 1.92. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. Analysts predict that Tesla, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Roth Capital reiterated a “buy” rating and issued a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research report on Monday, October 26th. Citizens Jmp initiated coverage on shares of Tesla in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a report on Thursday, October 22nd. Finally, Mizuho lifted their target price on shares of Tesla from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.51.

Tesla Company Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.