Tesla, Inc. $TSLA Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Tesla, Inc. (NASDAQ:TSLA) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,974 shares of the electric vehicle producer’s stock after acquiring an additional 6,073 shares during the quarter. Tesla accounts for about 1.2% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 14th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tesla were worth $169,911,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC lifted its position in shares of Tesla by 7.9% during the second quarter. Drive Wealth Management LLC now owns 13,765 shares of the electric vehicle producer’s stock worth $5,789,000 after purchasing an additional 1,012 shares in the last quarter. Romano Brothers AND Company boosted its stake in shares of Tesla by 5.7% in the second quarter. Romano Brothers AND Company now owns 1,585 shares of the electric vehicle producer’s stock valued at $667,000 after purchasing an additional 86 shares during the period. Balance Wealth Partners LLC grew its holdings in Tesla by 20.5% during the 2nd quarter. Balance Wealth Partners LLC now owns 3,798 shares of the electric vehicle producer’s stock valued at $1,598,000 after purchasing an additional 645 shares in the last quarter. Benchmark Financial LLC increased its stake in Tesla by 4.2% during the 2nd quarter. Benchmark Financial LLC now owns 1,730 shares of the electric vehicle producer’s stock worth $728,000 after buying an additional 70 shares during the period. Finally, JM2 Capital Inc. increased its stake in Tesla by 4.5% during the 2nd quarter. JM2 Capital Inc. now owns 5,431 shares of the electric vehicle producer’s stock worth $2,284,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSLA shares. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. HSBC reiterated a “hold” rating on shares of Tesla in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research note on Monday, July 27th. Finally, Citigroup assumed coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $401.74.

Tesla Stock Performance

Shares of TSLA stock opened at $362.86 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The company’s 50-day simple moving average is $365.62 and its 200-day simple moving average is $387.31. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 335.98, a PEG ratio of 18.32 and a beta of 1.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.