Fourth-quarter regulatory filings reveal that major Wall Street institutions, including UBS, Citigroup, Goldman Sachs, and Morgan Stanley, significantly reduced their positions in Tesla.
UBS Asset Management liquidated approximately 74% of its holdings in the electric vehicle manufacturer. Nomura Holdings reduced its stake by more than 80% during the same period.
Tesla shares declined in premarket trading on Thursday following the disclosure of these divestments. This institutional sell-off diverges from the sentiment of retail investors, who remain focused on the company’s artificial intelligence and Full Self-Driving (FSD) initiatives.
The reduction in bank holdings occurs as Tesla continues to develop its Cybercab, Semi, and Optimus robot projects.