Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,383,942 shares of the electric vehicle producer’s stock, valued at approximately $845,846,000. Tesla comprises approximately 1.5% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 12th biggest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ARQ Wealth Advisors LLC grew its stake in shares of Tesla by 3.8% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 1,881 shares of the electric vehicle producer’s stock worth $667,000 after acquiring an additional 68 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Tesla by 7.5% during the third quarter. ProShare Advisors LLC now owns 2,283,055 shares of the electric vehicle producer’s stock valued at $810,051,000 after purchasing an additional 159,722 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Tesla by 14.0% during the third quarter. Vise Technologies Inc. now owns 126,889 shares of the electric vehicle producer’s stock valued at $45,021,000 after purchasing an additional 15,574 shares in the last quarter. Investment Partners LTD. lifted its position in shares of Tesla by 109.8% during the third quarter. Investment Partners LTD. now owns 3,761 shares of the electric vehicle producer’s stock valued at $1,334,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in Tesla by 0.9% during the third quarter. Cidel Asset Management Inc. now owns 22,040 shares of the electric vehicle producer’s stock worth $7,820,000 after purchasing an additional 189 shares during the last quarter. 66.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $475.00 price objective on shares of Tesla in a research report on Monday, July 27th. CLSA reissued an “underperform” rating on shares of Tesla in a research report on Monday, October 26th. KeyCorp raised shares of Tesla to a “sector weight” rating in a research report on Monday, September 28th. Truist Financial set a $370.00 target price on Tesla and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Finally, HSBC reaffirmed a “reduce” rating and issued a $157.00 target price on shares of Tesla in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.
Check Out Our Latest Report on Tesla
Tesla Price Performance
Shares of NASDAQ:TSLA opened at $399.81 on Friday. The firm has a market capitalization of $1.58 trillion, a PE ratio of 439.36, a P/E/G ratio of 24.77 and a beta of 1.92. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $369.61 and a two-hundred day moving average price of $385.81. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. Equities analysts forecast that Tesla, Inc. will post 0.67 EPS for the current year.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s robotaxi business continues to generate optimism. The company added a Quiet Mode to Model Y robotaxis after driverless miles reportedly increased eightfold, potentially improving passenger comfort and supporting broader adoption. Tesla Adds Sleep-Friendly Robotaxi Feature After Driverless Miles Surge Eightfold
- Positive Sentiment: Analysts and financial commentators pointed to Cybercab, robotaxis, Optimus and AI as potential growth engines that could create new revenue streams beyond vehicle sales. Tesla’s European registrations also reached a record in September, with the Model Y and Model 3 ranking first and second. Tesla Could Be About to Unlock a Brand-New Revenue Stream
- Positive Sentiment: Tesla generated $1.5 billion in third-quarter free cash flow and reduced its 2026 capital-spending forecast to $20 billion, suggesting some capital discipline despite continued investment in AI, robotics and autonomy. Tesla’s Free Cash Flow Beat
- Neutral Sentiment: A possible Tesla-SpaceX merger remains a major source of speculative upside, but Bank of America warned that Chinese regulatory approval could be a significant obstacle, particularly because Tesla’s Shanghai operations could become linked to a U.S. defense contractor. Tesla-SpaceX Merger Could Face Regulatory Risk in China
- Negative Sentiment: A Seeking Alpha downgrade argued that Tesla’s valuation already discounts ambitious promises whose timelines continue to slip. Rising research and development spending for AI, Optimus and driverless vehicles is also pressuring operating profits. Tesla Paying Peak Multiples for Promises That Keep Slipping
- Negative Sentiment: Competition and execution concerns remain. Chinese rival XPeng promoted more commercially viable flying-car technology, Rivian is developing a competing autonomy strategy, and Tesla reportedly halted Cybertruck reservations and sales plans in Australia and New Zealand. Tesla Stock Falls as China Promotes Flying Cars
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is owned by insiders.
Tesla Company Profile
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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