Sumitomo Mitsui Trust Group Inc. Has $2.77 Billion Stake in Tesla, Inc. $TSLA

Sumitomo Mitsui Trust Group Inc. cut its position in Tesla, Inc. (NASDAQ:TSLA) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,461,326 shares of the electric vehicle producer’s stock after selling 263,413 shares during the period. Tesla accounts for about 1.8% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 9th biggest position. Sumitomo Mitsui Trust Group Inc.’s holdings in Tesla were worth $2,773,748,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC lifted its position in Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC grew its position in shares of Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. raised its stake in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after buying an additional 12,417 shares during the last quarter. Wealthquest Corp acquired a new position in Tesla in the fourth quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in Tesla by 34.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock valued at $28,998,000 after buying an additional 16,652 shares during the period. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Friday, June 12th. BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Roth Capital restated a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $408.52.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,015 shares of company stock worth $12,383,640 in the last quarter. 19.90% of the stock is currently owned by company insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. Article Title

Tesla Trading Down 2.2%

Shares of NASDAQ TSLA opened at $394.11 on Thursday. Tesla, Inc. has a twelve month low of $293.55 and a twelve month high of $498.83. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 361.57, a P/E/G ratio of 14.81 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $409.15 and its 200-day moving average is $409.76.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.29 EPS for the current year.

Tesla Profile

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.