Sumitomo Mitsui Financial Group Inc. Trims Holdings in Tesla, Inc. $TSLA

Sumitomo Mitsui Financial Group Inc. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 91.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 904 shares of the electric vehicle producer’s stock after selling 9,104 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Tesla were worth $401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its holdings in Tesla by 61.2% in the 3rd quarter. Banco Santander S.A. now owns 442,745 shares of the electric vehicle producer’s stock valued at $196,898,000 after acquiring an additional 168,087 shares during the last quarter. R Squared Ltd purchased a new position in shares of Tesla during the third quarter valued at about $1,957,000. Lansing Street Advisors increased its holdings in shares of Tesla by 66.4% in the third quarter. Lansing Street Advisors now owns 4,010 shares of the electric vehicle producer’s stock worth $1,783,000 after purchasing an additional 1,600 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Tesla by 26.0% in the third quarter. DNB Asset Management AS now owns 807,978 shares of the electric vehicle producer’s stock worth $359,324,000 after buying an additional 166,531 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its stake in Tesla by 39.5% during the third quarter. Hohimer Wealth Management LLC now owns 13,553 shares of the electric vehicle producer’s stock valued at $6,027,000 after buying an additional 3,838 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA stock opened at $408.58 on Friday. The stock has a market cap of $1.53 trillion, a PE ratio of 378.31, a P/E/G ratio of 14.75 and a beta of 1.86. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. The company has a 50-day moving average price of $435.03 and a 200 day moving average price of $419.99. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Stifel Nicolaus set a $508.00 price objective on Tesla in a research note on Thursday, January 29th. Mizuho set a $540.00 price target on shares of Tesla and gave the company an “outperform” rating in a research note on Thursday, January 29th. William Blair reissued a “market perform” rating on shares of Tesla in a research note on Friday, January 2nd. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating on the stock in a report on Friday, January 30th. Finally, President Capital lowered their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a report on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $408.09.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Strong demand for a lower‑priced Cybertruck could boost near‑term sales and revenue if conversions hold; Musk has capped the deal with a short 10‑day window, which may concentrate orders. Tesla Seeing Strong Demand For Cheaper Cybertruck
• Positive Sentiment: Tesla’s Megapack won a large 400 MW AI data‑center project in Brazil, showing non‑vehicle revenue potential for energy products. Tesla’s Megapack Will Power 400MW AI Data Center in Brazil
• Positive Sentiment: German labor dispute appears to be settled after a truce with IG Metall, reducing near‑term production/labor risk at Berlin‑area operations. German union says settlement reached dispute with Tesla
• Neutral Sentiment: Elon Musk’s high‑profile visions (“sustainable abundance,” moon factories) keep investor attention on multi‑decade upside but are speculative and unlikely to drive near‑term fundamentals. A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’
• Neutral Sentiment: Nvidia’s commentary that robotaxis could be a huge market is a long‑term positive for the TAM, but in the near term Nvidia results and tech‑sector volatility are pressuring EV/AI growth stocks, including TSLA. Nvidia Sees ‘Hundreds Of Billions’ In Future Robotaxi Revenue
• Negative Sentiment: Regulatory and testing progress on Tesla’s robotaxis is undercut: reports say Tesla logged zero California test miles and has made little permitting progress, which raises doubts about the timing of a key revenue thesis. Musk touts California robotaxis but Tesla does nothing to get permits
• Negative Sentiment: Safety and regulatory scrutiny intensifies: analyses and NHTSA comparisons suggest Tesla’s robotaxi performance is materially worse than human drivers, and Tesla has sued California regulators over FSD advertising — both increase legal/regulatory risk. By Tesla’s own math, it reveals that its robotaxis are 4x worse at driving than humans Tesla pushes back against California’s regulators
• Negative Sentiment: Competitive pressure in China: BYD’s aggressive financing and market share gains are weighing on Tesla’s sales outlook in its largest market. BYD Takes On Tesla In Chinese Market
• Negative Sentiment: Analyst skepticism and headline risk: pieces highlighting “sales in freefall,” calls that the robot/Optimus pivot may be a delusion, and wide analyst target dispersion increase perceived execution risk and volatility. Tesla Sales In Freefall—Here’s What Prediction Markets Say

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is currently owned by company insiders.

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.