Tesla Attracts Institutional Investment Despite Market Challenges
Tesla's stock rose 1.1% following disclosures that major investors increased their stakes in Q3. Nomura Asset Management expanded its position by 4.2%, now holding 1.17 million shares worth $373.6 million. The EV Maker remains a top-10 holding for the firm despite underperforming the S&P 500 this year.
Recent 13F filings reveal continued institutional confidence in Tesla's long-term potential, with many viewing the company as more than just an automaker. Its energy storage division and autonomous taxi initiatives appear to offset concerns about declining vehicle sales and expired tax credits.