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

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 417,691 shares of the electric vehicle producer’s stock after buying an additional 13,717 shares during the period. Tesla comprises approximately 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 18th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tesla were worth $148,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Midway Capital Research & Management acquired a new stake in Tesla during the 3rd quarter worth about $380,000. Vestia Personal Wealth Advisors boosted its holdings in shares of Tesla by 12.1% in the third quarter. Vestia Personal Wealth Advisors now owns 1,679 shares of the electric vehicle producer’s stock worth $596,000 after buying an additional 181 shares during the period. JDH Wealth Management LLC boosted its holdings in shares of Tesla by 2.6% in the third quarter. JDH Wealth Management LLC now owns 1,630 shares of the electric vehicle producer’s stock worth $578,000 after buying an additional 42 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Tesla by 2.5% in the third quarter. CWA Asset Management Group LLC now owns 30,544 shares of the electric vehicle producer’s stock worth $10,837,000 after buying an additional 737 shares during the period. Finally, Investment Research Partners LLC increased its position in shares of Tesla by 9.9% in the third quarter. Investment Research Partners LLC now owns 2,767 shares of the electric vehicle producer’s stock worth $982,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, July 23rd. Barclays raised shares of Tesla from a “negative” rating to an “outperform” rating in a research note on Monday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, October 1st. Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $415.07.

Tesla Trading Up 1.5%

Shares of NASDAQ TSLA opened at $373.71 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The business has a 50-day moving average price of $361.54 and a two-hundred day moving average price of $376.97. The firm has a market capitalization of $1.48 trillion, a PE ratio of 346.03, a PEG ratio of 23.37 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, analysts predict that Tesla, Inc. will post 0.71 earnings per share for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Merger discussions became more concrete. Tesla and SpaceX formed independent special committees to evaluate a potential combination at shareholders’ request. Elon Musk cautioned that a deal is not guaranteed and would require negotiations and shareholder approval, but investors viewed the formal review as a meaningful step toward combining Tesla’s robotics and autonomy efforts with SpaceX’s satellite, AI and infrastructure businesses. Reuters merger and Terafab report
• Positive Sentiment: Long-term AI and chip ambitions added to the bullish narrative. Musk said the planned Tesla-SpaceX “Terafab” is targeting volume chip production in 2028. The project could eventually support Tesla’s autonomy, robotics and AI-computing goals, although it remains a distant and capital-intensive opportunity. SpaceX and Tesla Terafab article
• Positive Sentiment: Deliveries exceeded expectations. Tesla delivered 486,532 vehicles in the third quarter, reportedly 5.3% above forecasts. A Cantor analyst also raised revenue estimates and maintained a $485 price target, citing deliveries and Tesla’s AI initiatives. Options positioning similarly suggested traders expect further upside after earnings. Tesla Q3 delivery report
• Neutral Sentiment: Earnings are the next major catalyst. Tesla is scheduled to report after Wednesday’s close. Analysts generally expect revenue to be roughly flat or slightly lower year over year and EPS to decline, with investors watching automotive margins, free cash flow, pricing and management’s comments on Cybercab, robotaxis and Optimus. Tesla Q3 preview
• Negative Sentiment: Underlying demand and profitability remain concerns. China-made Tesla vehicle sales rose because exports increased 58%, while domestic sales fell 9%, highlighting competitive and pricing pressure. Analysts also expect lower quarterly profits, and the Roadster’s limited production potential and unresolved regulatory hurdles make it unlikely to materially improve near-term earnings. Tesla Roadster analysis

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

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.