Two of Europe’s and Wall Street’s largest banks have deepened their exposure to Tesla Inc., extending a run of increased institutional ownership in the electric-vehicle maker as it pushes further into autonomous driving and robotics. Deutsche Bank AG disclosed that it lifted its Tesla position by 20.8% in the first quarter, bringing its holding to roughly 10.1 million shares valued at about $2.61 billion. Tesla now represents around 1% of the German lender’s investment portfolio and is its 13th-largest holding, according to the filing cited by MarketBeat. JP Morgan Chase & Co. added 6.6 million Tesla shares in the second quarter, a 16.7% increase that raised its total to 46,015,610 shares. The stake was worth $14.62 billion on 30 June, when Tesla closed at $317.66, making the US bank the company’s fifth-largest institutional shareholder. Large investors collectively control about two-thirds of Tesla’s outstanding shares. The latest purchases come as analysts highlight the company’s planned robotaxi launch, advances in full self-driving software and the development of its Optimus humanoid robot as potential drivers of future growth.
$TSLA! https://t.co/R2DgZtfQZF
TSLA’s NetGEX setup highlights the stabilizing effect above 327.5. Key resistance at 350 remains crucial, with a break prompting a potential squeeze. Expect volatility below HVL, making tight risk controls essential. https://t.co/VpBdWcbHuD
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