Sumitomo Mitsui DS Asset Management Company Ltd Purchases 13,717 Shares of Tesla, Inc. $TSLA

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 417,691 shares of the electric vehicle producer’s stock after purchasing an additional 13,717 shares during the period. Tesla comprises 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 18th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tesla were worth $148,201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSLA. Legal & General Group Plc acquired a new position in Tesla in the 2nd quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new stake in shares of Tesla during the 2nd quarter worth about $6,083,630,000. Deutsche Bank AG acquired a new stake in shares of Tesla during the 2nd quarter valued at about $4,039,090,000. Canada Pension Plan Investment Board acquired a new stake in shares of Tesla during the 2nd quarter valued at about $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Tesla in the 2nd quarter valued at approximately $2,995,584,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value 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. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $373.71 on Wednesday. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 346.03, a P/E/G ratio of 23.37 and a beta of 1.92. The business has a 50-day moving average of $361.54 and a two-hundred day moving average of $376.97. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business’s revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities research analysts predict that Tesla, Inc. will post 0.71 EPS 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

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Monday, September 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Citigroup reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. Roth Capital reissued a “buy” rating and issued a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Finally, Barclays raised shares of Tesla from a “negative” rating to an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $415.07.

Tesla 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.