Sumitomo Life Insurance Co. Buys 1,932 Shares of Tesla, Inc. $TSLA

Posted by Geri Gentry on Jun 13th, 2026

Sumitomo Life Insurance Co. boosted its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,771 shares of the electric vehicle producer’s stock after acquiring an additional 1,932 shares during the period. Sumitomo Life Insurance Co.’s holdings in Tesla were worth $11,140,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC bought a new stake in Tesla in the fourth quarter valued at approximately $26,000. Davidson Capital Management Inc. boosted its holdings in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in Tesla in the third quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new stake in Tesla during the fourth quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the third quarter worth approximately $31,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 firm’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 in the company, valued at $8,147,700. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 57,824 shares of company stock worth $21,657,588 in the last 90 days. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Up 1.8%

Shares of Tesla stock opened at $406.43 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The stock has a 50 day moving average price of $398.35 and a two-hundred day moving average price of $416.01. The stock has a market capitalization of $1.53 trillion, a PE ratio of 372.87, a price-to-earnings-growth ratio of 15.96 and a beta of 1.80.

Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research note on Wednesday. Finally, BTIG Research cut Tesla to a “neutral” rating in a research note on Friday, June 5th. Twenty-two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $404.37.

View Our Latest Stock Analysis on Tesla

Tesla Profile

(Free Report)

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.